Day: October 31, 2022

Best’s Market Segment Report: AM Best Maintains Negative Outlook on Indonesia Non-Life Insurance Market

October 31, 2022

AM Best is maintaining its negative market segment outlook on the Indonesia non-life insurance segment, citing challenges in credit and motor insurance and ongoing macroeconomic uncertainties. Claims frequency normalization, which has the potential to dampen the segment’s profitability, also underpins the negative outlook. In a new Best’s Market Segment Report, “Market Segment

Debt cancellation: no quick fix to climate funding crunch

October 31, 2022

Time is short to act on loss and damage funding, after no action at COP26. With economic pain worsening, a new solution is gaining traction— debt cancellation. A cruelty of climate change is that the countries most immediately suffering its consequences are low-emissions states that least contributed to it. These

Number of leaders confirmed to attend G20 Summit ‘high’: minister

October 31, 2022

The number of G20 leaders confirmed to attend the G20 Summit in Bali on November 15–16, 2022 is very high, Foreign Minister Retno Marsudi has informed. “Right now, the level of (G20) leaders’ attendance is very high. We are still waiting for confirmation (of attendance) from several (G20 leaders),” she

Groundbreaking ceremony for the drilling site of the Eavor-Loop™ project in Geretsried

October 31, 2022

Start of construction of the world’s first Eavor-Loop™ in Geretsried (Bavaria) Gradual expansion for long-term sustainable heat utilization in the region GERETSRIED, Germany, Oct. 31, 2022 (GLOBE NEWSWIRE) — The ceremonial groundbreaking of the drilling site in Geretsried marks the official start of construction for the world’s first commercial geothermal project

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