Business Insurance
Home advantage for Bayer in St. Louis Roundup cancer trial?
(Reuters) — Bayer AG, facing an upcoming trial in St. Louis over allegations that its Roundup weedkiller causes cancer, has recruited Missouri-based expert witnesses to make its case in a place where it has century-old roots but where juries often hit companies with huge damages.
Equifax to pay up to $700M in US data breach settlement
(Reuters) — Credit reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.
Retailers boycott Japanese goods as trade tensions rise
South Korea-based Korea Mart Association said that more than 200 local supermarket and grocery stores have pulled all Japanese products off their shelves amid a political and economic dispute between the two countries.
Extreme weather's damage tab totals $2 billion in Europe: Aon
U.K.-based Aon P.L.C. said that extreme weather caused $2 billion worth of economic damage and an estimated $1.3 billion in insured losses across Europe in June.
Hail, heatwave to dent French wine product
France's farm ministry said that extreme weather including hail, frost and a heatwave is likely to reduce wine output by up to 13% this year.
Water shortage hits factories' production in industrial hub
A water shortage in the Sitakonda industrial hub in the city of Chattogram in Bangladesh has forced 350 factories to slow or halt production.
Swiss Re to provide marine cover to foreign ships in India
India's maritime administration has approved Swiss Re Ltd. to provide protection and indemnity liability cover to foreign ships that call at the country's ports.
Peru declares emergency after volcanic eruption
Peru declared a state of emergency in 12 country's southern region districts and evacuated people from the cities of Puno and Moquegua after the Ubinas volcano erupted on July 18.
Explosion forces gas company to suspend production
A massive explosion occurred at Henan Coal Gas Group's factory in central China on July 19, killing two people and forcing the company to suspend all production at the gas plant.
Egypt to set up catastrophe insurance pool
Alaa El-Zoheiry, chairman of Egypt's insurance federation, said that the country plans to set up its first insurance pool to mitigate natural disasters-related risks and losses by year-end.
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