The government’s reinsurance pool bill could see premiums slashed, but details still scant

Business and community leaders have welcomed proposed legislation aimed at slashing the cost of home insurance for thousands of households in cyclone-prone parts of Australia, but say they are still in the dark about the details. Key points: The reinsurance pool is designed to reduce the cost of home insurance premiums by 46 per cent … Read more

Research shows that two Pfizer vaccine doses offer less protection against Omicron than against Delta

The first major real-world study of how vaccines hold up against Omicron found that two injections from Pfizer Inc. and BioNTech SE’s Covid-19 vaccine reduced the risk of hospitalization by 70% for patients infected with the highly mutated variant. The study, by South Africa’s largest private health insurer, Discovery Ltd., found that while Omicron reduced … Read more

The CEOs of Target, CVS and Walgreens ask Congress for help in a wave of retail crime

The CEOs of 20 major retail brands, including Target TGT, +0.26%, CVS CVS, +1.59% and Walgreen’s WBA, +0.67%, jointly wrote a letter to Congress about concerns about the rising crime rate in their stores. “As millions of Americans have no doubt seen on the news in recent weeks and months, retail stores of all types … Read more