International News

COP25: Negotiators burn midnight oil to keep UN climate talks alive

  Madrid: Negotiators worked into the early hours of Sunday to try to salvage a strong global commitment to fight climate change after some of the most vulnerable nations said they were being sidelined at a marathon UN summit in Madrid.   Talks were scheduled to conclude...

Modi govt risks losing focus on economy as protests build: Analysts

Eco/Invest/Demography       Dec 14, 2019

Mumbai: A new law on Indian citizenship is threatening to pull Prime Minister Narendra Modi’s focus away from a flagging economy as protests and criticism builds against the divisive plan.   The government was forced to call in the army to quell protests in some parts...

US agency probes 12th Tesla crash tied to possible Autopilot use.

' The US auto safety agency on December 13 said it will investigate a 12th Tesla crash that may be tied to the vehicle's advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on December 7.   The...

Fate of Paris accord hangs in balance as UN talks go down to wire

  Madrid: Big polluting countries faced last-ditch pressure from smaller nations to show serious commitment to fighting climate change as negotiators battled into the early hours of Saturday to salvage a result from a fraught UN summit in Madrid.   With the two-week gathering mired in interlocking...

Shipping industry and insurers face uncertain new fuel risks and rule

      Dec 13, 2019

  Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks.   To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil extraction will have to either switch to...

Royal Caribbean cruises faces potential liability for New Zealand volcano deaths

Non-Life, Reinsurance, Risk Management       Dec 13, 2019

Royal Caribbean Cruises Ltd.’s potential liability for a deadly excursion to a volcanic island in New Zealand could hinge on whether the eruption was an unforeseeable “act of God,” according to maritime lawyers.   Cruise ship passengers were among the tourists on White Island on Monday...

Big victory for Johnson and Conservatives clears way for quick Brexit

Eco/Invest/Demography, Non-Life, Reinsurance       Dec 13, 2019

  London: Britain was speeding towards Brexit on Friday after Prime Minister Boris Johnson won a crushing election victory, ending three years of uncertainty since the country decided to leave the bloc.   Exiting the European Union, a goal Johnson has pursued relentlessly since he put himself...

Insurtech, Data help Canadian farmers cut lending, insurance costs

Eco/Invest/Demography, Non-Life, Technology       Dec 15, 2019

Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs.   Collecting intricate crop data allows individual farmers to outline potentially limited risk to banks and insurers,...

Trov and Sompo partner to expand global mobility solutions

Non-Life, Technology       Dec 12, 2019

  SAN FRANCISCO: Trov, a global leader in insurance technology, is announcing a partnership with Sompo Holdings to launch Mobility Solutions, a new Powered by Trov collaboration that expands the company's mobility footprint to Asia. By combining Trov's Mobility Insurance Platform with Sompo's extensive local market...

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