Articles by Emma Rumney

Nicotine-Like Chemicals in US Vapes May Be More Potent Than Nicotine, FDA Says

Nicotine alternatives used in vapes being launched in the U.S. and abroad, such as 6-methyl nicotine, may be more potent and addictive than nicotine itself, though the scientific data remains incomplete, according to the U.S. Food and Drug Administration (FDA) …

World’s Biggest Re/Insurers Expanding in Africa, but Climate Change Could Hit Profits

The world’s biggest insurers are expanding in Africa, looking to tap growth promised by a rising population and middle class, but climate change could complicate their quest for profits. With Western markets overcrowded, the continent provides a rare chance to …

South African Insurer Discovery Says Ping An Investment Costs May Mean Capital Raise

South African insurer Discovery scrapped its annual dividend again on Thursday and said it may have to raise equity capital to cover costs linked to its investment in China’s Ping An, sending its shares down 8%. The company, which ties …

Global Fast Fashion Brands Helping to Drive Pollution of African Rivers: Report

JOHANNESBURG – Global fast fashion brands are helping drive pollution that has dyed African rivers blue or turned their waters as alkaline as bleach, according to a report published on Tuesday. Water Witness International’s (WWI) report featured the polluted rivers …

South Africa Develops Public-Private Scheme to Provide Drought Insurance for Farmers

JOHANNESBURG – Happy Letsitsa hasn’t paid off the money he borrowed to survive a 2019 drought that ravaged his maize and sunflower farm in the South African province of Free State. He has no drought insurance. If rains fail again, …

Irish Judges Back Guidelines for Personal Injury Awards to Cut Insurance, Legal Costs

DUBLIN – Ireland’s judges voted on Saturday to adopt new guidelines for personal injury claims that aim to reduce the size of awards for minor injuries and encourage early settlements as a way to reduce legal fees and in turn …

Business, Insurers Face Survival Showdowns Over Pandemic Coverage

PILANESBERG NATIONAL PARK, South Africaβ€” Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim. In the United …

S. Africa’s Regulator to Clarify Policyholders’ Rights in Pandemic Insurance Claims

South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether insurers should pay rejected claims from firms hit by the impact of the coronavirus, it told Reuters on Thursday. Several …

S. Africa Insurers’ COVID-19 Payments May Be Too Little, Too Late, for Some Businesses

South African small businesses fighting rejected coronavirus-related claims said insurers’ offers of relief are too little too late for many and could leave some already struggling to survive with nothing at all. Insurers around the world have argued COVID-19 lockdowns …

UK’s RSA Plans to Exit Three London-Based Global Business Lines

RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning. Closing international construction, international freight and …