Flood events that have typically occurred once in 100 years “could occur as frequently as once in 10 years” for much of the world, said the authors of the report, including researchers at the universities of Amsterdam, Melbourne and the Global Climate Forum.

Cigna profit gets boost from lower costs as patients delay surgery

Jul 30, 2020

“COVID-19 costs will continue to rise just as the cases will continue to grow … However, the assumptions that the companies are building in around the non-COVID-19 related healthcare utilization probably accelerating in the back half of the year may be overly conservative,” Stephens analyst Scott Fidel said.

Hong Kong moves to create regional hub for insurance-linked securities

Jul 29, 2020

The Hong Kong government introduced in March the Insurance (Amendment) Bill 2020[here]. The bill provides a regulatory framework for insurers to transfer risk to the capital markets by issuing insurance-linked securities in Hong Kong through special purpose insurers, or SPIs. Special purpose insurers are essentially the same as the dedicated special purpose vehicles that are authorized in other jurisdictions to issue insurance-linked securities, or ILSs.

UK sets up $647 million emergency insurance fund for film and TV

Jul 29, 2020

As filmmakers try to get back to work, they are finding some insurers have stopped providing the COVID-19 coverage they need to secure financing.

The government said the insurance fund will be available to all productions made by companies where at least half the production budget is spent in the UK, and is estimated to cover more than 70% of the film and TV production market.

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