Category:

Risk Management

Canada unprepared for facing climate change induced mega-hurricane-risk:Swiss-re-

But as ocean surfaces warm, the frequency, duration and intensity of storms increase. That’s extending their range and making Canada, where just one or two tropical cyclones make landfall each year, more vulnerable, according to the Zurich-based company, which provides reinsurance to 15% of the country’s insurance industry.

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Italy probes Allianz Direct, Zurich for alleged cartel among automobile insurers

In a statement, the Italian Competition Authority said the companies involved were able to charge consumers higher premiums for automobile insurance policies as a result of the insurers and price comparison companies regularly sharing reports, prepared by the price comparers, of “sensitive information” on the market for auto policies.The probe involves, among others, Allianz Direct, Admiral Intermediary Services, Linear, Genertel, Zurich and price comparison websites such as facile.it.

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Hackers offer decrypt key to Irish Health Service with a catch

While seeming to offer an olive branch — sharing a link to download the decryption key — the group reiterated its threats to disclose patient data unless Irish authorities paid the $20 million ransom demand.

“We are providing the decryption tool for your network for free,” the hackers said in the message posted on Thursday, which was reviewed by Bloomberg News. “But you should understand that we will sell or publish a lot of private data if you will not connect us and try to resolve the situation.”

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How long do Covid-19 vaccine protections last? Science can’t say for sure

The gap in knowledge and testing raises the prospect of heightened anxiety in the coming months for vaccine recipients wondering if they’re still protected — anxiety that could curb willingness to venture out in public. That in turn could put a renewed drag on the global economic recovery.
Scientists are racing to figure out the so-called correlates of protection against Covid; in other words, which test results assure immunity.

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Supreme Court allows personal bankruptcy cases on tycoons

The federal government in 2019 introduced the law that allowed lenders to file parallel bankruptcies against defaulting firms and the individuals who guaranteed those loans.

Lenders last year filed bankruptcy cases against businessmen including Reliance Group’s Anil Ambani, Dewan Housing Finance Corp Ltd.’s Kapil Wadhawan and Bhushan Power & Steel Ltd.’s Sanjay Singal. The cases were halted on appeals filed in higher courts.

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