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Inga Beale, chief executive of Lloyd's of London, has urged the government of New Zealand to review legislation governing privacy and the Earthquake Commission Act for a better idea of exposure, Asia Insurance Review reports citing interest.co.nz. Insurers need information on data breaches to be more effective in insuring businesses and individuals against cyber attacks. The EQC Act outlines what private insurers and the government are responsible for in the event of a natural disaster.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms