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Negligence only if doctor lacks qualification or expertise in treatment: SC
"A medical professional may be held liable for negligence only when...
Global commercial insurance rates show first quarterly fall in seven years, Marsh says
Marsh said the fall in the composite rate - the first since the...
Stranded Suez ship’s owner, insurers face millions in claims
The ship’s owner, Japanese firm Shoei Kisen KK, and its insurers could face claims from the SCA for loss of revenue and from other ships whose passage has been disrupted, insurers and brokers said.
Container ships of this size are likely insured for hull and machinery damage of $100-140 million, insurance sources say. The ship was insured in the Japanese market, two of the sources said.
Lloyd’s launches pioneering parametric earthquake insurance policy in New Zealand
The new product Bounce is designed to provide New Zealanders with affordable earthquake insurance and fast claims payments, to support customers’ needs following an earthquake and quickly cover immediate expenses incurred. It does this by tracking Peak Ground Velocity (PGV) which triggers payment at levels of 20 centimetres per second and above.
Heavy rains in Australia’s east bring worst floods in 50 years
“Yesterday, we were hoping it will only be a one-in-20-year event, now it looks like a one-in-50-year event,” New South Wales Premier Gladys Berejiklian said at a televised briefing. People in parts of Sydney’s northwest were ordered to flee their houses in the middle of the night as fast-moving waters caused widespread destruction. Late on Sunday, about another 1,000 people were asked to evacuate, after Berejiklian said that some 4,000 people may be asked to leave their houses.
Greensill creditors, led by Softbank, make $1.4 billion in claims to Australia parent
London-based group that collapsed earlier this month after losing insurance coverage for its debt repackaging business
Britain says expects financial services pact with EU this month
The City of London’s ties with the bloc were severed after Britain left the EU’s single market on Dec. 31 and the prospect of a pact has raised hopes in some quarters of at least a partial resumption of direct access to the continent’s financial markets.
“Monte Carlo Rendez-Vous de Septembre” canceled again due to Covid-19 Pandemic
Nevertheless, in the week of September 13 the organizing committee will organize conferences and round tables on the insurance and reinsurance industry.
Swiss Re launches Elevate to improve the insurance experience for the middle market
“Customers and trading partners want a simple, reliable insurance experience. We designed Elevate to address their needs and provide a better way of protecting businesses in the middle market,” said Walt Sykes, Head Middle Corporate Business NA, Swiss Re Corporate Solutions.
Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
Berkshire also said Buffett’s compensation in 2020 totaled $380,328, comprising his usual $100,000 salary plus $280,328 for personal and home security.
Though Buffett’s salary is low for a chief executive of a major company, his 16.2% stake in Berkshire was worth about $98.2 billion as of Friday.
Citing its decentralized model, Berkshire said the climate proposal from the California Public Employees’ Retirement System, Federated Hermes and Caisse de Dépôt et Placement du Québec was unnecessary, and that many businesses’ climate decisions already made “great sense” for the environment.
Swiss Re announces ambitious climate targets; accelerates race to net zero
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “Climate change remains the biggest challenge we face as a society. The stakes are high and require immediate attention. Signing up to net-zero emissions by 2050 and setting concrete climate targets are important first steps. What needs to follow now is action. We are moving ahead in all areas of our business to accelerate the transition towards net zero.“
France’s biggest insurer dumps German power giant over coal
“By turning away one of Europe’s biggest utilities because they are too dependent on coal, AXA has set an important precedent for itself and other insurers,” said Peter Bosshard, finance program director at environmental nonprofit the Sunrise Project, adding that RWE must be an account worth millions of dollars a year in insurance.