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☆ Insurer AIG profit beats estimates on gains in life and retirement unit
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File PhotoAug 1 (Reuters) - American International Group (AIG.N) exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expensive quarter for the industry. AIG, one of the world's biggest commercial insurers, said net premiums written in its general insurance arm for the quarter ended June grew 10% to $7.5 billion. AIG's life and retirement unit saw a 42% jump in premiums and deposits, partly helped by record sales in fixed index annuities. AIG's general insurance accident year combined ratio was 88%, compared with 88.5%, a year earlier. The metric excludes catastrophe losses and a ratio below 100 signifies that the insurer earns more from premiums than it pays out in claims.

Persons: Brendan McDermid, Mawar, Gallagher, Noor Zainab Hussain Organizations: AIG, REUTERS, American International, Companies, Thomson Locations: New, New York, Guam, United States, Bengaluru

☆ Heavy rains continue to hit Japan, suspending some trains
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +2 min

[1/5] Vehicles submerged under water following heavy rain brought about by Typhoon Mawar are pictured in Toyokawa, Aichi Prefecture, central Japan in this photo taken by Kyodo on June 3, 2023. Although Mawar has weakened from super typhoon status, the Japan Meteorological Agency (JMA) urged people to be on high alert for landslides, rising rivers and flooding in eastern Japan, while warning of landslides in western Japan. Shinkansen bullet trains, suspended from Tokyo to Nagoya in central Japan since Friday, resumed operation around noon (0300 GMT) on Saturday, Kyodo news agency reported. From Friday through Saturday morning, heavy localised rain fell in many parts of Japan, marking the heaviest rainfall on record for June in some areas, Kyodo said. A man found in a car flooded by heavy rain in Toyohashi in central Japan was taken to the hospital, where he was later confirmed dead, Kyodo said.

Persons: Typhoon Mawar, Mawar, Kyodo, Yuka Obayashi, William Mallard Organizations: Kyodo, REUTERS, Japan Meteorological Agency, JMA, NHK, Thomson Locations: Toyokawa, Aichi Prefecture, Japan, REUTERS TOKYO, Tokyo, Nagoya, Mawar, Guam, Toyohashi

☆ Many in Guam Lack Power and Water a Week After Typhoon Mawar
▼ + stars: | 2023-06-02 | by ( Josie Moyer | Jacey Fortin | ) www.nytimes.com time to read: +1 min

Thousands of people across the island of Guam remained without power, water and cellphone service on Friday, more than a week after the U.S. territory was pummeled by the strongest typhoon in at least two decades, which flooded homes, downed coconut and mango trees, and disrupted basic services. “Losing water has been the hardest part,” said Melinda Sanchez, 50, whose family lives in central Guam. “We just go back to what we’ve learned to do during these times. We get through it.”The typhoon, Mawar, brought widespread flooding and 140 mile-per-hour winds, equivalent to a Category 4 hurricane, when it struck the island of 150,000 people in the South Pacific on May 24, knocking out power across much of the territory. Now a tropical storm, Mawar forced the evacuation of 1.2 million people as it approached Japan on Friday.

Persons: ”, Melinda Sanchez, we’ve, Mawar Organizations: South Pacific, U.S . Navy, Air Force Locations: Guam, U.S, South, Japan

☆ Japan slammed by torrential rain as typhoon nears
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

TOKYO, June 2 (Reuters) - Parts of Japan were slammed by torrential rain on Friday as Typhoon Mawar neared, bringing winds and heavy rain to a wide swathe of the country and prompting authorities to advise tens of thousands to evacuate. But forecasters warned there was the danger that humid air from the typhoon could feed into a seasonal rain front, touching off heavy localized rains. Similar weather patterns have caused flooding and landslides in the past, most notably in the summer of 2018, when more than 200 people were killed in western Japan. Though heavy summer rains are not uncommon in Japan, June is unusually early for a typhoon-type storm to near the islands. On Thursday, the Japan Meteorological Agency (JMA) said the nation had experienced its warmest spring since record-keeping began in 1898.

Persons: Mawar, Elaine Lies, Shri Navaratnam Organizations: Japan Meteorological Agency, JMA, NHK, Thomson Locations: TOKYO, Japan, Mawar, Guam, Honshu, Okinawa, Shikoku, Toyohashi

☆ Japan slammed by torrential rain as tropical storm nears
▼ + stars: | 2023-06-02 | by ( Elaine Lies | ) www.reuters.com time to read: +3 min

TOKYO, June 2 (Reuters) - Parts of Japan were slammed by torrential rain on Friday as Tropical Storm Mawar neared, with authorities advising more than a million people to evacuate, many flights and other transport cancelled and power outages in thousands of homes. Mawar, which wreaked havoc on Guam earlier this week, has weakened to a tropical storm from its earlier super typhoon status. Shinkansen bullet train service was halted from Tokyo to Osaka, western Japan, as well as some other parts of the nation, NHK public broadcaster reported. Similar weather patterns have caused flooding and landslides in the past, most notably in the summer of 2018, when more than 200 people were killed in western Japan. Though heavy summer rains are not uncommon in Japan, June is unusually early for a typhoon-type storm to near the islands.

Persons: Mawar, Hirokazu Matsuno, Elaine Lies, Mayu Sakoda, Kaori Kaneko, Shri Navaratnam, Lincoln, Frances Kerry Organizations: Disaster Management Agency, Transport Ministry, NHK, Toyota, JMA, Japan Meteorological Agency, Thomson Locations: TOKYO, Japan, Okinawa, Guam, Honshu, Wakayama prefecture, Tokyo, Osaka, Aichi prefecture, Shizuoka prefecture, Shikoku

☆ Tropical Storm Mawar Expected to Strengthen as It Moves Toward Guam
▼ + stars: | 2023-05-20 | by ( Eduardo Medina | ) www.nytimes.com time to read: 1 min

Tropical Storm Mawar rapidly strengthened in the Pacific and was expected to become a powerful typhoon, threatening to bring high winds and possible flooding to the Mariana Islands, including Guam, the National Weather Service said. The storm, which formed early on Sunday morning local time and was slowly moving northward, could hit Guam, a U.S. territory, as early as Tuesday, said Brandon Bukunt, a meteorologist with the Weather Service. “We might have to put out typhoon warnings, in which typhoon conditions are expected,” Mr. Bukunt said. “But for right now, given the uncertainty, we have a typhoon watch, which means that typhoon conditions are possible within two days.”Tropical Storm Mawar had maximum sustained wind speeds of 50 miles per hour as of Sunday morning local time, when it was about 570 miles southeast of Guam, the Weather Service said.

☆ TikTok has taken down 'poverty porn' videos of women shivering in mud baths and crying after a government banned them
▼ + stars: | 2023-03-05 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

TikTok has taken down "poverty porn" videos after Indonesia banned them, Rest of World reported. The trend involves showing women shivering in mud baths and sometimes crying. A woman who said she earned $600 in nine sessions said it was better than working for $2 a day. The trend known as "mandi lumpur," or mud baths, involves Indonesian women in their fifties and sixties sitting in a pool of water and mud while being shown on a TikTok livestream. The women could make about $130 per livestream, according to the man who claimed to be responsible for the trend, Rest of World reported.

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