South Korean jet pilot said plane suffered bird strike before crash

South Korean jet pilot said plane suffered bird strike before crash

The Jeju Air pilot told air traffic control the passenger plane had suffered a bird strike before it crashed while landing at an airport in South Korea, transport officials revealed on Monday. Following the strike, the pilots declared mayday and signalled their intention to go around. But the Jeju Air Boeing 737-800 belly-landed and skidded … Read more

China offers deep condolences over Jimmy Carter’s death

China offers deep condolences over Jimmy Carter’s death

BEIJING (Reuters) – China on Monday offered its deep condolences over the death of Jimmy Carter, saying the former U.S. president was the “driving force” behind the establishment of diplomatic ties between both countries more than 40 years ago. Carter died at his home in Plains, Georgia, on Sunday at the age of 100. During … Read more

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