Some global property catastrophe reinsurance rates to fall 5% to 15% on Jan 1, broker says

Some global property catastrophe reinsurance rates to fall 5% to 15% on Jan 1, broker says

LONDON (Reuters) – Global property catastrophe reinsurance rates will fall 5% to 15% on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter said on Monday, as the market becomes more competitive after years of rate rises. Reinsurers insure the insurers, and have raised prices and excluded some business … Read more

Hotel fire in popular Bangkok tourist area kills 3 foreigners

Hotel fire in popular Bangkok tourist area kills 3 foreigners

BANGKOK (AP) — A fire broke out at a hotel near Bangkok’s Khao San Road, a popular tourist destination, killing three foreigners and injuring several other people, Thai police said Monday. The three who died in the fire on Sunday night were all foreign tourists, Police Colonel Sanong Saengmanee told The Associated Press. One was … Read more

‘Frightening’ rise in wrong-way motorway driving

‘Frightening’ rise in wrong-way motorway driving

Reported incidents of wrong-way driving on England’s motorways have increased by 15% in the past year, an investigation has found. A motoring organisation described the increase as “frightening” and called for a “full review of signage and road layout”. National Highways figures obtained by the PA news agency show 988 incidents involving “oncoming vehicles” were … Read more

Sean Combs arrest, Huw Edwards’ shame and more

Sean Combs arrest, Huw Edwards’ shame and more

From Hollywood red carpets, national broadcasters to courtroom showdowns, 2024 has been a year where the glitz and glamour of celebrity culture took a backseat to shocking scandals that dominated headlines. The year has seen reputations shattered, legal battles waged, and the kind of drama that even the most seasoned screenwriters couldn’t script. Whether it … Read more