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Peruvian minister raises ‘controversy’ over Pfizer vaccine liability clause

Several other countries, including Brazil and Argentina, have raised concerns about liability waivers in their negotiations with Pfizer.

World Bank officials said on Tuesday they were working with countries to address the liability waiver issue which they said had emerged as one of the key obstacles to sealing vaccine supply deals.

Aviation reinsurance rates rise by up to 250% – report

Insurers and reinsurers face claims from the crashes relating to hull and product liability that could amount to more than $2 billion, a large sum in a relatively small insurance sector, Willis Re International chair James Vickers told Reuters.

Aviation underwriters are also suffering from lower premiums due to worldwide lockdowns and travel bans, as insurance contracts are often negotiated based on the amount of time planes spend in the air.

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