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International
Russia trying to steal COVID-19 vaccine data, say UK, U.S. and Canada
British foreign minister Dominic Raab said it was “completely unacceptable” for Russian intelligence services to target work on the pandemic.
However,the Kremlin rejected Western allegations Russia had tried to steal COVID-19 vaccine data, Russian news agencies reported.
TASS cited Kremlin spokesman Dmitry Peskov as saying Russia had nothing to do any alleged hacker attacks on pharmaceutical companies and research institutes in Britain.
South African regulator cautions insurers over rejection of virus claims
A second wave could eat into insurers’ capital:S&P
Currently estimates of insured losses from COVID-19 vary and include V.J. Dowling’s $80 billion to the Lloyd’s estimate $107 billion and Willis Towers Watson’s $140 billion. The consensus is that the bulk of the losses will come from event insurance, business interruption and entertainment. S&P expects the bulk of claims to be reported in Q2 and Q3. However, it warns, losses could escalate if conditions worsen beyond the current recovery scenario.
UK Plans to spend $6.6 billion on building flood defenses through 2027
Under the plans, the UK’s Flood Re insurance program will also be modified to allow claims to include the installation of flood resilience measures as well as repairs for affected properties.
“For every pound spent improving protection from flooding and coastal erosion, we avoid around 5 pounds of property damages,” Environment Agency Chairman Emma Howard Boyd said. “The long-term commitments announced today will make homes, businesses and infrastructure more resilient to the accelerating impacts of the climate crisis.”
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