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Southern Africa floods killing 300 fueled by global warming
An estimated 300 people have died in extreme flooding across parts...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including...
A year on, Jeju Air crash report delayed as families question probe’s credibility
“It feels like all kinds of doubts are just growing bigger and bigger. In the meantime, a year has gone by, and it feels like the frustration is only continuing to build,” said Ryu Kum-Ji, a 42-year-old woman who lost both of her parents in the crash. A South Korean...
Jan1 Renewals:Market softens as reinsurers grow capital following strong returns, GC Report
Dean Klisura, President and CEO, Guy Carpenter Reinsurer return on equity is estimated to be 17%, with dedicated reinsurance capital growing another 9% in 2025, said the report.Insured catastrophe losses are estimated to be $121 billion in 2025, 18% below the...
Jan 1 Renewals: Asia Pacific rate reductions approaching 20% for non-loss impacted accounts, says Aon
Alfonso Valera, International CEO for Reinsurance Solutions at Aon, said: “Buyers returning to the market will find a wide range of complementary reinsurance and capital products. Frequency covers and earnings protection are increasingly available. We are seeing...
New York to require social media platforms to display mental health warnings
"Keeping New Yorkers safe has been my top priority since taking office, and that includes protecting our kids from the potential harms of social media features that encourage excessive use," New York Governor Kathy Hochul said in a statement. Social media platforms...
Tata Steel’s Netherlands units sued by Dutch NGO seeking $1.6 bn for alleged health damage
The case adds to mounting scrutiny on Tata Steel’s European operations for their environmental impacts. Dutch regulators escalated pressure on the company in 2024, threatening fines of nearly €27 million and warning they would shutter a coke plant in the port city of...
Heatwaves, wildfires, droughts and storms cost world more than USD 120 billion in 2025: Report
"These disasters are not natural — they are the predictable result of continued fossil fuel expansion and political delay," said Emeritus Professor Joanna Haigh, at Imperial College London New Delhi:Heatwaves, wildfires, droughts, and storms cost the world more than...
WHO’s new global analysis reveal major equity gaps in human genomics research
“Genomic technologies have extraordinary potential to transform health, however the disparities reflected in the report, unless strategically addressed, could reinforce existing inequities and limit the benefits of genomic science for populations who could benefit...
China’s Kuaishou shares fall to near five-week low after livestreaming cyberattack
The closest rival to TikTok’s Chinese version Douyin on Tuesday confirmed it experienced a livestreaming cyber incident at around 10 p.m.(1400 GMT) Monday Shares of Kuaishou dropped by as much as 6% on Tuesday to HK$62.70 ($8.06), their lowest since November 21, after...
South Korea online retailer Coupang faces US securities class action over massive data breach
The lawsuit, filed last week in federal court in California, claims Coupang, its CEO and Chairman Bom Kim and its Chief Financial Officer Gaurav Anand misled investors about the company’s data security practices and failed to disclose the breach in a timely way. South...
Private credit ratings face fresh scrutiny from global watchdogs
The Financial Stability Board, which monitors global risks, has high-level concerns about the potential for “ratings shopping” in private markets, where firms can seek grades on transactions from multiple providers and opt for the most favorable one, one of the people...