Munich Re has said up to the end of June,natural disasters produced overall losses of around $68bn,a slightly lower figure than the 30-year average (US$ 74bn after adjustment for inflation).

Insured losses, at around US$ 27bn, were higher than usual (US$ 20bn) due to the large proportion of weather disaster losses in North America.

North America accounted for 47% of overall losses and for 82% of insured losses, significantly more than the respective long-term averages (35% and 60%). In contrast, natural disasters in Europe and the Asia-Pacific region produced lower losses.

Chile’s Congress passes pensions bill,president agrees to sign it

Jul 23, 2020

Chile’s lower chamber erupted in cheers and clapping after the bill was passed on Thursday, with some chanting “no more AFP” – a reference to the long-running campaign to tear up Chile’s much-mimicked defined contribution Pension Funds Administrators (AFP) system that was introduced during the Augusto Pinochet dictatorship.

Big U.S.Boeing customers want the 737 MAX but say contracts need re-set

Jul 23, 2020

American Airlines Chief Financial Officer Derek Kerr said the carrier is in “good discussions” with Boeing to finalize financing terms on 17 737 MAX jets that were to be delivered this year, adding that the airline still wants its full order for 100 MAX planes, over time

Plastic pollution flowing into oceans to triple by 2040:study

Jul 23, 2020

If no action is taken, however, the amount of plastic going into the sea every year will rise from 11 million tonnes to 29 million tonnes, leaving a cumulative 600 million tonnes swilling in the ocean by 2040, the equivalent weight of 3 million blue whales, according to the study published in the journal Science.

“Plastic pollution is something that affects everyone. It isn’t a ‘your problem and not my problem’. It’s not one country’s problem. It’s everyone’s problem,” said Winnie Lau, senior manager at Pew and co-author of the study.

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