A flood caused by the Shintaphu glacial lake bursting its banks has...
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Chinese AI model carries out complex cyberattacks in controlled tests, researchers say
The findings underscore concerns that increasingly capable AI...
Finland launches criminal probe into violation of environmental rules by Google
Authorities have said Tuike Finland, a subsidiary of Alphabet’s...
Insurance regulators tightening rules for asset-intensive reinsurance, promote alternative forms of insurance risk transfer
Regulatory bodies in Singapore, Hong Kong and the UK have launched consultations to introduce innovative risk transfer solutions built on protected cell companies. They aim to improve access to insurance covers for SMEs and to better spread peak natural catastrophe...
Auto sales rise 18.2 pc to 83.88 lakh units in Q2, all vehicle segments post record sales: SIAM
SIAM expects the industry to maintain positive growth in the second half of FY2026-27, supported by the festive season, new vehicle launches, infrastructure spending, fleet replacement and last-mile mobility demand. New Delhi: Domestic automobile sales across major...
Marsh and Bloomberg launch partnership to strengthen resilience and drive growth in a turbulent world
The Coalition’s initial work will focus on engaging leaders in a dialogue about the five most critical and interconnected decision domains for building resilience today: geopolitics and geoeconomics; the natural environment; digital and AI; operations; and people and...
Insurers withdrawing coverage for climate-driven risks, passing on losses to governments and homeowners
Property insurers have already scaled back — or even canceled — policies for wildfire losses in California, and for hurricane risk in Florida and Louisiana. In Europe, only a quarter of natural catastrophe losses are currently covered, leaving the continent facing “a...
Cabinet approves ₹53,428 crore Social Assistance Scheme, amends disability Pension norms
The benchmark disability requirement for availing of the pension has been reduced from 80 per cent to 40 per cent. The minimum age criterion has also been removed, making persons with disabilities eligible for assistance from birth. New Delhi: The Union Cabinet on...
SC mandates insurance for railway counter tickets from Oct 27
A bench of Justices Ahsanuddin Amanullah and R. Mahadevan issued the order while hearing matters related to railway safety, expressing displeasure over the Railways' failure to extend insurance benefits to offline ticket buyers despite repeated opportunities. New...
Govt clears sale of IDBI Bank to Prem Watsa’s Fairfax Financial for Rs 52,878 cr
Currently, the Centre holds 45.48 per cent while holds 49.24 per cent in IDBI Bank Post Fairfax tarnsaction,the Centre will hold 15 per cent while LIC will have a stake of 19 per cent. The government has also authorised the sale of the government's remaining 15 per...
Four Nations Insurance Alliance: Tackling rising risks of economic resilience
Insurance bodies representing Australia, the United Kingdom, Canada and New Zealand announced the formation of the Four Nations Insurance Alliance.The partnership has been established in response to common problems that have been growing across the four economies,...
AI becomes experts’ top concern, ahead of climate change:AXA Future Risks Report
Thomas Buberl, chief executive officer,AXA, said,``In a world where risks are evolving faster, multiplying and becoming increasingly interconnected, insurance is an essential factor of stability. This edition of the AXA Future Risks Report shows that, while artificial...
World Bank and Generali partner to advance insurance, resilience and investment solutions in emerging markets
LtoR: Andrea Sironi, chairman of Generali Group,Ajay Banga, President,World Bank Group,at an event in Bangkok to sign MoU between World Bank and Generali to mobilise private capital, strengthen resilience and expand targeted insurance and investment solutions across...