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Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal

The Singapore government will block a proposed S$2.2 billion ($1.7 billion) deal by Allianz SE to buy a majority stake in a homegrown insurance firm, three months after the transaction sparked a public backlash.

Catastrophe Bonds Will Help Florida But Fail Poorest Countries

In the hours before Hurricane Milton reached land in Florida last week, a saildrone dispatched into the maelstrom by US government researchers sent back heart-stopping data. Ocean waves driven by supercharged winds had surged to more than 28 feet tall. It was a specter that sent millions of people fleeing for safety.

Hundreds of Israeli Buildings Marred by Iran’s Oct. 1 Attack

Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the most costly since the start of war a year ago.

Hurricane Milton Was Intensified by Climate Change, Study Says

Greenhouse gas pollution is making hurricanes more powerful, and Hurricane Milton is no exception, according to an overnight analysis by the climate science group World Weather Attribution. It suggests that a day’s worth of rainfall from a storm of Milton’s scale is 20% to 30% more intense and twice as likely as it would have been in a world without climate change. The planet is now 1.3C hotter than it was before industrialization.

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Can Businesses Win Fight Over Covid-19 Insurance Claims?

A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?

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