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  • Global commercial insurance rates fall 4% in Q3 2025, marking the fifth consecutive quarterly decrease

    New York, October 23, 2025 – According to the latest Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan (NYSE: MMC), global commercial insurance rates fell, on average, by 4% in the third quarter of 2025, repeating the 4% decline recorded in Q2 2025. Growing competition among insurers, coupled with favorable reinsurance pricing, were the primary drivers for the rate decline along with increased market capacity.

    All global regions experienced year-over-year composite rate decreases in Q3 2025. The Pacific (at 11%), Latin America and the Caribbean (LAC) (6%), and UK (6%) regions experienced the largest composite rate decreases. Rates declined in Asia and India, Middle East, and Africa (IMEA) by 5% each; in Europe by 4%; and in Canada by 3%. The overall composite rate in the US – which remained flat in Q2 2025 – declined by 1%. Rates for property, cyber, and financial and professional insurance declined in every region.

    Q3 marks the fifth consecutive global quarterly decrease following seven years of quarterly increases and is a continuation of the moderating rate trend first recorded in Q1 2021.

    Other findings included:

    • Casualty rates increased 3% globally – down from 4% in Q2 – which was driven by an 8% increase in the US due largely to the frequency and severity of casualty claims, many of which are characterized by large (so-called “nuclear”) jury awards.
    • Property rates declined by 8% globally, following a 7% decline in Q2. The Pacific (14%) and US and LAC (9)% regions experienced the largest decreases, while all other regions declined between 3% and 7%.
    • Financial and professional lines rate decreases continued, at 5% globally in the third quarter compared to a 4% decrease in Q2 2025. Rates declined in every region, ranging from 10% in Pacific to 2% in the US.  
    • Cyber insurance rates decreased by 6% globally, with declines seen in every region, including double-digit decreases in Europe (12%); LAC and the UK (11%); and Pacific (10%).

    Commenting on the report, John Donnelly, President, Global Placement, Marsh, said: “With the exception of US casualty, clients are benefiting not only from lower rates but also from opportunities to negotiate improved terms and broader coverage. These rate trends remain consistent in a market characterized by ample capacity. Barring unforeseen changes in conditions, we expect these trends to continue and look forward to helping clients to take advantage of the competitive insurance market.”

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  • Temu agrees to remove rip-off greeting cards more quickly

    Temu agrees to remove rip-off greeting cards more quickly

    Peter RuddickBusiness reporter

    BBC/Lola Design Two versions of the same design of Mother's Day card with the one on the left marked as original and the one on the right marked as fake. The card shows a big giraffe painted in oranges and pinks a little giraffe. It has the words Mum I'm so glad you're mine, Happy Mother's Day. The fake image is distorted and poor quality.BBC/Lola Design

    Online shopping giant Temu has agreed to work with the greeting card industry to remove copied designs from its site more quickly.

    Card firms say hundreds of their copyrighted images have been used to create cheap rip-offs, costing them thousands of pounds in lost sales.

    Designers told the BBC the process for getting the plagiarised listings removed has been like the fairground game ‘whack-a-mole’ with copied products re-appearing within days.

    Temu said protecting intellectual property was a “top priority” and that it was encouraging sellers to join the trial of a new takedown process specifically for the greetings card industry.

    BBC/Lola Design Two versions of the same design of birthday card with the one on the left marked as original and the one on the right marked as fake. The card shows a painting of a fluffy white alpaca with a floral headband on and holding flowers. The card text says fabulous daughter happy birthday. The fake card is darker and the brush strokes, texture and gilding are lost.BBC/Lola Design

    Amanda Mountain, the co-founder of York-based Lola Design, discovered the catalogue of designs she had built up over a decade had nearly all been copied.

    She found the images she had created had been lifted and were being advertised by other sellers on cards and other products like t-shirts.

    Amanda bought one of the cards using her design and found the image was distorted and the paper was of a poorer quality than hers.

    “It’s not a nice feeling to see something you’ve poured all your love and hours into taken within minutes,” she told the BBC. “I was in shock, and I actually thought to myself ‘what is the point of me still designing, I might as well just stop now’.”

    BBC/Citrus Bunn Two versions of the same design of Christmas card with the one on the left marked as original and the one on the right marked as fake. The card shows a painting of a green dinosaur grinning and tangled in Christmas tree lights. The card text says Tree-Rex. The fake card looks faded and poorer quality with a lack of texture and depth to the painting.BBC/Citrus Bunn

    Amanda, and her husband and business partner Frank, estimate that fraudulent versions of their products have made online sellers £100,000 in sales, equivalent to about 13% of Lola Design’s annual turnover.

    However, Amanda said it is both the emotional toll and the time taken to get the copycat products removed that have had the biggest impact.

    “Every piece that I create is actually a piece of me,” she said. “I know that sounds crazy, but it is. Every designer gives out a piece of themselves because they just want to create a little bit of happiness, and it is not much to ask for people to respect that.”

    Lola Design Amanda Mountain and her husband and business partner FrankLola Design

    After pressure from the Greeting Card Association (GCA), Temu has now put in place a bespoke takedown process for the industry which, it says, will mean stolen designs are removed more quickly and won’t be able to be re-uploaded.

    Previously, card firms would have to report each individual listing but, as part of the trial, they will now only have to submit one link. The software will remove the product and any others using the same design.

    One card publisher, who helped develop the new system, saw 68 listings removed automatically. Something which previously might have meant 68 separate forms or emails to Temu.

    According to the GCA, the system will then use AI to log the designer’s original creation as a protected image. It will then block any products using that design before they appear for sale.

    BBC/Lola Design An over the shoulder photograph of greetings card designer Amanda Mountain looking at a computer screen where she is comparing her giraffe painting to a Temu t shirt with her design on itBBC/Lola Design

    In a statement, Temu said “intellectual property protection is a top priority” and that it had “invested heavily in resources to strengthen trust with brands, sellers and consumers”.

    It said most requests to take down copyrighted content were resolved within three working days, but that greeting card firms were being encouraged to join the new trial which it said would lead to more products being removed automatically.

    The system is bespoke to the card industry, however the BBC understands it could be used as a model for similar or alternative processes for other products.

    Amanda Fergusson, the chief executive of the GCA, said the industry welcomed the changes. “We know our members feel very strongly about copycat sellers, and what’s more we also know customers are often disappointed by cheap copies,” she said.

    “Our dialogue with Temu and the actions they’re taking, is a welcome first-step to address those issues,” she added.

    For Amanda and Frank, it is not just their livelihoods at stake but the future of the whole supply chain which relies on the 1.5bn greeting cards sold in the UK each year.

    “At some point, its going to be the consumers that are going to be affected, not just us as designers, because there won’t be any high streets,” Amanda said. She also had a message for people buying copycat cards: “Cheap always comes at a cost.”

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  • Western Australia Measles Alert | The Transmission

    Western Australia Measles Alert | The Transmission

    WA Dept of Health

    There have been 51 cases of measles identified in WA in 2025 year to date, of which 11 have been identified in the current Pilbara community outbreak.

    Measles…

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  • New Mr Poirot and Little Miss Marple books to be published | Books

    New Mr Poirot and Little Miss Marple books to be published | Books

    The latest adaptation of Agatha Christie’s works features an unlikely new suspect: Mr Tickle, of Mr Men and Little Miss fame.

    Joining the likes of Mr Nosey and Little Miss Chatterbox are Mr Poirot and Little Miss Marple, who star in new…

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  • Italy charts a new course for the boat industry with this years’ edition of the Genoa International Boat Show

    Italy charts a new course for the boat industry with this years’ edition of the Genoa International Boat Show

    Can the international nautical-market event help to put the wind back into Italy’s sails?

    At Genoa’s waterfront on the Ligurian Sea, the sun is shining following a brief but powerful autumn shower. Moving among the luxury boats bobbing on the water in front of a Jean Nouvel-designed pavilion, barefoot deckhands are towelling down wood finishing and removing waterproof covers from tables and seats, readying them to accommodate potential buyers. After the lethargy of summer, it’s back to business in Italy. Liguria’s Genoa International Boat Show, which takes place annually in September, is the country’s most important boating event. It is sandwiched between a bustling nautical schedule that features a Cannes event before it and a Monaco one immediately afterwards.

    Historically, Genoa was the world’s most important global boating event. In recent years, however, it has lost out to its Francophone Mediterranean rivals – but there are signs of buoyancy. “At Cannes, everyone comes to us; lots of Italians and even Australians,” says Rosario Alcaro, the general manager of Cantieri Aschenez, showing off the company’s 17-metre Invictus TT550. “But there are a lot of people at Genoa.” The visitor numbers make for positive reading too, up 2.8 per cent on 2024.

    The chatter around the sun-dappled docks and inside the pavilion is focused on recyclable materials and lightening the load (though the latter is often more about gaining speed and less about sustainability). The TT550, for example, has recyclable thermoplastic resin instead of wood. But bigger still seems to be better, with Aschenez planning to produce a large boat in its TT series. “People want a bigger boat; it’s like houses,” says Alcaro.

    Indeed, a standout at this year’s show is San Lorenzo’s 33-metre SL110A, with its huge flybridge. Like many boats on display here, it had its premiere at Cannes – that’s just the way the dates fall, perhaps, but it is something that Genoa might like to redress given Italy’s gargantuan contribution to the sector. Last year, the Italian boating industry had a turnover of €8.6bn, the highest figure on record, while the Global Order Book – an annual report by Boat International that ranks the world’s top superyacht builders – has Italy as a clear frontrunner. Surely, then, Italy deserves to have the leading event?

    Gigi Servidati, the president of Pardo, Grand Soleil and VanDutch, says that both Cannes and Genoa have been good for sales. While there are more than 1,000 boats and exhibitors from 45 countries here, Servidati is convinced that the show could be more international. “The potential is there but the infrastructure needs to be improved,” he says. Indeed, while Cannes has the corniche and a plethora of luxury hotels, plus the know-how gained from hosting everything from its film festival to property fair Mipim, Genoa is paddling hard to catch up. Still, the future looks bright given the number of cranes around the waterfront – all part of an urban mega-project from the studio of Renzo Piano and OBR Architects that includes new residential, office and retail space. In September, meanwhile, Accor announced that it would open a waterfront Sofitel in 2027. All of which is helping put the wind back in Genoa’s sails.

    Genoa International Boat Show in numbers

    124,000: Number of visitors this year (up 2.8 per cent on the previous year)
    €8.6bn: Italian boating industry turnover in 2024
    1st: Italy’s global position among top superyacht builders according to Boat International
    1,000: Number of boats from
    45 countries on display this year

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  • The International Asteroid Warning Network Initiated a Campaign to Monitor 3I/ATLAS | by Avi Loeb | Oct, 2025

    The International Asteroid Warning Network Initiated a Campaign to Monitor 3I/ATLAS | by Avi Loeb | Oct, 2025

    Press enter or click to view image in full size

    (Credit: Omer Eldadi)

    An editorial notice by the Minor Planet Center (accessible here) announced that the interstellar object 3I/ATLAS, has just been targeted in a new campaign initiated by a United…

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  • Mediterranean diet linked to dramatically lower odds of endometriosis

    Mediterranean diet linked to dramatically lower odds of endometriosis

    Women who followed a Mediterranean-style eating pattern had up to 94% lower odds of endometriosis, suggesting that plant-based, nutrient-dense diets may help reduce inflammation and support reproductive health.

    Study: Mediterranean…

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  • AI Surpasses Humans in Parasite Detection, Utah Study

    AI Surpasses Humans in Parasite Detection, Utah Study

    Scientists at ARUP Laboratories have developed an artificial intelligence (AI) tool that detects intestinal parasites in stool samples more quickly and accurately than traditional methods, potentially transforming how labs diagnose…

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  • expert reaction to study looking at cardiovascular health in people who were born around the time of sugar rationing in the UK

    A study published in the BMJ looks at the impact of sugar rationing and long term cardiovascular…

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  • Just a moment…

    Just a moment…

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