Robots Haven’t Eliminated Many Jobs – So Far: World Bank January 3, 2019 By Natalia Drozdiak The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank...
Generali Completes Sale of Belgium Unit to Bermuda Re/Insurance Group Athora January 2, 2019 By L.S. Howard Assicurazioni Generali SpA announced the closing of the sale of its entire stake in Generali Belgium SA to Athora Holding...
Chubb European Group Completes Redomicile to France in Preparation for Brexit January 2, 2019 Chubb European Group announced it has redomiciled its businesses from London to France, effective Jan. 1, consistent with its previously...
Tropical Cyclone Penny Slams North Australia Coast Near Rio Tinto Mine January 2, 2019 By Edward Johnson Tropical Cyclone Penny slammed into the far north coast of Australia’s Queensland state near Rio Tinto Group’s Weipa bauxite mine,...
January Renewals Show Higher Prices for Clients with Poor Loss Records: Willis Re January 2, 2019 Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records,...
Deaths on Passenger Jet Aircraft Rise Across Globe in 2018 January 2, 2019 By David Shepardson The fatality rate on passenger jet aircraft worldwide jumped in 2018 after airlines recorded zero accident deaths on passenger jets...
Reinsurance Prices Drop – Despite 2018’s Big Natural Catastrophe Losses: JLT Re January 2, 2019 By Noor Zainab Hussain JLT Re’s global property-catastrophe reinsurance index fell 1.2 percent in Jan. 1 policy renewals, the broker said on Wednesday, dashing...
Competition in Artificial Intelligence Is Like New Space Race: Viewpoint January 2, 2019 By Leonid Bershidsky, Bloomberg Opinion It’s been another year of relentless artificial-intelligence hype and incremental AI achievement. Machines still beat humans only in carefully constructed...
Empty Oil Tanker Catches Fire Near Cyprus; Crew Members Treated for Burns December 31, 2018 A Maltese-flagged oil tanker caught fire and ran aground near a fishing village, forcing several crew members to jump overboard,...
Tropical Storm Usman Becomes Philippines’ 2nd Deadliest Weather Disaster in 2018 December 31, 2018 By Cecilia Yap Tropical Storm Usman, which entered the Philippines on Christmas Day, emerged as the deadliest weather disaster for the country this...