The damage wrought cross France by the recent street riots will...
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CyberCube adds Sompo Japan Insurance to growing list of Asian clients
Sompo Japan Insurance has spent the past several years building its...
French violence raises alert as protests flare across Europe
Damage from the unrest will cost “hundreds of millions of euros” to...
Trump suspends Russia sanctions, tariffs under Graham Act
President Donald Trump The measure gave Trump 30 days to impose 100 per cent tariffs on all goods from the top five buyers of Russian crude. It would also slap sanctions on numerous Russian entities and impose 500 per cent tariffs on all US imports of Russian energy...
FM expands alternative risk transfer solutions
Laurel Rudnick, chief underwriting officer, FM FM’s alternative risk transfer solutions are designed to work alongside traditional property insurance rather than replace it. By combining innovative risk financing options with FM’s scientific research, engineering...
“Please stay calm and do not panic”: Indian envoy Vipul issues message amid attacks in Saudi Arabia
The embassy's Thursday advisory cautioned that filming, publishing or sharing information related to missile and drone interceptions and their impact sites could expose individuals to legal liability under local rules. Riyadh: Indian Ambassador to Saudi Arabia Vipul...
Container Ship sinks in Strait of Hormuz as attacks ramp up
The total loss of a container ship like the GFS Pride is relatively rare, with just 33 such events between 2016 and 2025, according to insurance provider Allianz Commercial. The risks to all kinds of trade through the strait have risen sharply as Iran ramps up attacks...
Setback for TikTok as EU Court adviser backs Gatekeeper label
The case, the first involving the EU’s Digital Markets Act (DMA) to reach the Court of Justice of the European Union, is being closely watched by technology companies seeking clues on whether Europe’s courts will reinforce or limit regulators’ efforts to boost...
French supermarkets’ cyber insurance unlikely to cover food losses, insurers say
Cyber insurance typically does not cover physical losses from attacks and supermarkets’ claims could be affected if they lacked the latest software updates, four insurance brokers told Reuters. The attack’s total costs could add up to tens of millions of euros...
Eight US states sue OpenAI, claiming ChatGPT harms young users
The lawsuits accuse the company of violating state consumer protection laws by misleading users about the safety of ChatGPT. The states also allege that the company created a public nuisance by endangering the health of their residents.The lawsuits represent the...
Cost and stigma affect access to professional mental health care, AXA report
As a barrier, stigma varies too and is often rooted in social and cultural attitudes. The research finds it is a greater barrier in countries such as the UK, South Korea and Hong Kong than in Switzerland, Turkey and Thailand. London: New research from AXA Global...
Growing and interconnected climate risks require appropriately priced insurance: Munich Re
Artificial intelligence, geopolitical tensions and growing digital interdependencies are changing both the frequency and nature of cyber risk. At the same time, the economic cost of cybercrime continues to rise, Patrice Michellon, Chief Executive for Continental...
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...