TEPCO, as the utility is known, said it was forced to stop the...
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Soft Market: Munich Re plans relocation of jobs to India Poland
In early January, it became known that the world's second-largest...
EV innovation:Partnership among Root, Admiral Pioneer and Octopus to deliver smarter cover
Emma Huntington, CEO of Admiral Pioneer, said,“We’re partnering...
2024 Cat bonds issuance set to exceed 2023 record
A fresh analysis by Swiss Re shows issuance of the bonds was well over $12 billion in the first half of 2024, putting it on track to exceed the $15.6 billion issued throughout 2023 Investors can face huge losses if a pre-defined catastrophe hits, but enormous gains if...
Floods threaten Europe as searing heat gives way to storms
Climate change is increasing the frequency and intensity of extreme weather events, including heat waves, violent storms and wildfires. Countries around the Mediterranean Sea — which reached a record average temperature of 28.16C (82.7F) on Tuesday — are some of the...
WHO declares mpox a global public health emergency for second time in two years
An emergency committee met earlier on Wednesday to advise WHO Director-General Tedros Adhanom Ghebreyesus on whether the disease outbreak constitutes a "public health emergency of international concern," or PHEIC.PHEIC status is WHO's highest level of alert and aims...
Goldman Sachs’ fund division to leave climate investor group
U.S. members of global climate-focused coalitions have come under pressure as some Republican lawmakers have criticized them for potentially breaching antitrust rules by pushing companies to cut climate-damaging emissions. Goldman Sachs’ fund division is to leave...
Flight and voice data boxes extracted from crashed Brazilian plane
The airline VoePass, which operates a small fleet of planes made by ATR, said the flight Friday was traveling from the state of Parana to Sao Paulo’s Guarulhos International Airport when it crashed in a residential area, killing 58 passengers and four crew members...
UK sets up AI Laboratory to tackle cyber threats
The new organization would in time seek to work with technology companies and academic experts, as well as international allies, to counter AI-based threats to national security and British businesses UK spies are stepping up efforts to tackle cyber and artificial...
Hiscox unveils GenAI-enhanced lead underwriting platform
By combining Hiscox AI Laboratories with Google Cloud’s generative AI, Hiscox now has the ability to remove manual elements of the underwriting process. Risks that are in scope are assessed using Google Cloud’s Gemini large language model, and the process generates an...
Africa public health body declares mpox emergency
The Africa Centres for Disease Control and Prevention (Africa CDC) warned last week that the viral infection's rate of spread was alarming. It said that over 15,000 mpox cases and 461 deaths were reported on the continent this year so far, representing a 160% increase...
Major wildfire rages out of control on the fringes of the Greek capital
Wildfires are frequent in Greece during its hot, dry summers, but authorities have said climate change is fueling bigger and more frequent blazes. The fire sent a blanket of smoke over the center of the Greek capital, darkening the sky. It began Sunday afternoon about...
Plane crashes in fiery wreck in Sao Paulo with 62 people aboard
At an event in southern Brazil, President Luiz Inácio Lula da Silva asked the crowd to stand and observe a minute of silence as he shared the news. He said that it appeared that all passengers and crew aboard had died, without elaborating as to how that information...