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New Zealand’s Auckland stays in lockdown, officials report Pfizer-linked death

by AIP Online Bureau | Aug 30, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Policy

  Aug 30: New Zealand Prime Minister Jacinda Ardern on Monday extended a lockdown in Auckland by two weeks, while officials reported the country's first death linked to the Pfizer-BioNTech COVID-19 vaccine. New Zealand had been largely virus-free for months,...

ELEMENT and Parametrix launch innovative cloud outage insurance in Europe

by AIP Online Bureau | Aug 30, 2021 | International News, Non-Life, Reinsurance, Technology

  Berlin, Aug 28: ELEMENT, Germany's only 100% cloud-based insurance company, announced a new partnership with US-based Parametrix Insurance – the first on an international level. Together the companies have launched a first-of-its-kind parametric...

M&A in global insurance sector remain subdued during H1

by AIP Online Bureau | Aug 30, 2021 | Health, International News, Life, Non-Life

  Despite witnessing robust U.S.Mergers and acquisitions (M&A) activities, the global insurance industry fell 3% in the first half of 2021. There were  197 completed deals worldwide, down from 206 in the second half of 2020, said Clyde & Co.’s...

Japan’s Fukushima nuclear water to be released via undersea tunnel

by AIP Online Bureau | Aug 29, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Tokyo: The operator of the wrecked Fukushima nuclear power plant said Wednesday it plans to build an undersea tunnel so that massive amounts of treated but still radioactive water can be released into the ocean about 1 kilometer (0.6 mile) away from the plant...

Climate Change: Insurers can afford to drop Oil and Gas—but many won’t

by AIP Online Bureau | Aug 29, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts to exit the oil and gas industry. To date, just one insurer has promised to take “significant action” in this regard,...
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