“Vaccination offers far greater benefits compared to side effects, and both the WHO and domestic and overseas experts agree,” Health Minister Park Neung-hoo told a briefing on Sunday, in a reference to the World Health Organization.

Last year, more than 1,500 elderly people died within seven days of receiving flu vaccines, but those deaths were not linked to the vaccinations, the government said.

As South Korea presses on with its inoculations, southeast Asia’s tiny city state of Singapore became one of the first nations this week to call a temporary halt to the use of two influenza vaccines, as a precaution.

Insurance costs too steep? Try writing your own

Oct 24, 2020

“For many, insurance has become or is becoming more expensive, so people are turning to captives,” said Rodney Bonnard, insurance leader for EY UK Financial Services.

“We are seeing a massive uptick.Seventy-six new captives were formed this year globally, a 200% year-on-year growth, according to insurance broker Marsh. That level of growth is “unprecedented”, Michael Serricchio of Marsh Captive Solutions told a recent webinar.

U.S. says AIG settles tax shelter lawsuit, forgoes over $400 million tax credits

Oct 24, 2020

“AIG created an elaborate series of sham transactions that were designed to do nothing–and in fact did nothing–other than generate hundreds of millions of dollars in ill-gotten tax benefits,” Acting U.S. Attorney Audrey Strauss in Manhattan said in a statement.

Swiss Re raises $ 775 mn Cat bond for California Earthquake Authority, to protect Californians against earthquakes

Oct 24, 2020

“Swiss Re’s mission as a company is to make the world more resilient. We’re delighted to partner with CEA which has been helping to protect Californians from the financial consequences of earthquakes for almost 25 years,“ said Jonathan Isherwood, Swiss Re’s CEO Reinsurance Americas and Regional President.

“Only around 13% of Californians who purchase residential insurance also have earthquake protection. It’s not a matter of if, but when, the next one strikes. This transaction supports CEA’s ability to extend financial protection to a greater number of California residents who are highly exposed to earthquakes.“

« Older Entries

Next Entries »

Briefs