International News

Millions Evacuated From India, Bangladesh as Cyclone Nears Making Landfall

Authorities along India’s east coast and neighboring Bangladesh evacuated millions to safer places and shut some factories as the biggest cyclonic storm in two decades makes landfall, causing heavy rain and strong winds in the region. Amphan, now equivalent of …

Cyber Attack on Easyjet Gets Details of 9 Million Customers

LONDON — A cyber attack on British airline easyJet accessed the email and travel details of around nine million customers, as well as the credit card details of more than 2,000 of them, it said on Tuesday. The news of …

Talc Miner Imerys Strikes Deal to Resolve 14,000 Cancer Lawsuits

Imerys SA, which mines talc used in Johnson & Johnson’s iconic Baby Powder and other products, agreed to turn over its North American operations to resolve more than 14,000 lawsuits claiming the mineral caused cancer in some consumers. Imerys Talc …

A.M. Best: Global Insurance Market Is Well Capitalized in the Face of COVID-19

Global insurers are well capitalized to absorb the hit from rising claims and costs related to the COVID-19 pandemic, ratings agency AM Best said on Monday, citing a stress test it conducted to gauge the immediate impact of outbreak on …

Trump Administration Issues Global Maritime Advisory on Sanctions, With Industry Input

WASHINGTON/LONDON — The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official said were modified following months of discussions with industry. …

World’s Insurers Face $203 Billion Losses From Coronavirus

Lloyd’s of London, the world’s largest insurance exchange, estimates the industry will suffer around $203 billion in losses from the coronavirus pandemic this year. The projected losses include about $107 billion from underwriting claims, with the rest from insurers’ investment …

Major Insurers Increase Cover For Trans Mountain Oil Pipeline – Filings

Major insurers Zurich, Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and refined products to British Columbia from Canada’s …

Russia to Investigate Safety of Ventilators After Hospital Fire Kills Patients

Russian authorities said they would look into the safety of artificial lung ventilators being used at two hospitals after a fire broke out in St Petersburg at one of them on Tuesday (May 12) morning and killed at least four …

Iran-Linked Hackers Recently Targeted Coronavirus Drugmaker Gilead -Sources

LONDON/WASHINGTON — Hackers linked to Iran have targeted staff at U.S. drugmaker Gilead Sciences Inc in recent weeks, according to publicly-available web archives reviewed by Reuters and three cybersecurity researchers, as the company races to deploy a treatment for the …

EU Insurance Watchdog Says State Has Role in Pandemic Business Cover

LONDON — National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its own. Countries have introduced lockdowns to fight …

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