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Chaucer launches affirmative AI liability cover

by AIP Online Bureau | May 7, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology

As AI adoption continues to surge, AI incidents have spurred over 150 lawsuits in the US in the last 5 years per researchers at George Washington University. AI regulations are proliferating and scrutiny intensifying, it’s essential for AI adopters to protect...
M&S, Co-op cyberattackers duped IT help desks into resetting passwords, says report

M&S, Co-op cyberattackers duped IT help desks into resetting passwords, says report

by AIP Online Bureau | May 7, 2025 | International News, Reinsurance, Risk Management, Technology

“Criminal activity online – including, but not limited to, ransomware and data extortion – is rampant. Attacks like this are becoming more and more common. And all organizations, of all sizes, need to be prepared,” Jonathon Ellison and Ollie Whitehouse, respectively...

Nicholas Walsh appointed as non-executive chairman of Sompo

by AIP Online Bureau | May 7, 2025 | Briefs, Non-Life, Reinsurance

Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, announced the appointment of Nicholas Walsh as Independent Non-Executive Chairman of the Board of Directors for Sompo International Holdings(SIH). Monica Cramér Manhem has...
Over 200 flights cancelled 18 airports temporarily closed for operations

Over 200 flights cancelled 18 airports temporarily closed for operations

by AIP Online Bureau | May 7, 2025 | Eco/Invest/Demography, Indian News, Risk Management

Sources said that at least 18 airports in the northern and western parts of the country have been temporarily shut. These airports include Srinagar, Leh, Jammu, Amritsar, Pathankot, Chandigarh, Jodhpur, Jaisalmer, Shimla, Dharamshala and Jamnagar,they added New Delhi/...
India reserves right to retaliate if UK’s proposed carbon tax hits exports: Official

India reserves right to retaliate if UK’s proposed carbon tax hits exports: Official

by AIP Online Bureau | May 7, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

According to economic think tank GTRI, India’s exports worth $775 million to the UK may be impacted due to Britain’s decision to introduce carbon tax on products such as iron and steel, aluminium, fertiliser and cement, from 2027 New Delhi: The India-UK...
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