An eight-person jury would be tasked with deciding how much Boeing...
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Marsh appoints Andrea Bono as CEO of India, Middle East, and Africa
Andrea Bono, CEO=designate, India, Middle East, and Africa (IMEA),...
Hurricane Melissa to trigger Jamaican Cat Bond, reinsurance losses
Hurricane Melissa will trigger the $150 million, International Bank...
US House passes TikTok crackdown law
The measure is the latest in a series of moves in Washington to respond to U.S. national security concerns about China, from connected vehicles to advanced artificial intelligence chips to cranes at U.S. ports WASHINGTON: The U.S. House of Representatives...
EU parliament to extend new medicine data protection to 7.5 years, document says
The legislation, proposed by the European Commission in April last year, aims to slash the time it takes to approve new medicines, incentivise production of medicines for antibiotic-resistant bacteria, improve patient access and "future-proof" the rules to account for...
Nord Stream sues insurers in London over 2022 pipeline blasts
Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London’s High Court last month LONDON: Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in...
Tesla, rivals get low marks for automated-driving technology
The US based IIHS, a safety research arm of the insurance industry, also said there is no evidence that Autopilot or other assisted-driving systems have real-world safety benefits, based on crash data Tesla's Autopilot and Full Self Driving technology and nine other...
At least 50 hurt as LATAM’s Boeing 787 to Auckland ‘just dropped’ mid-flight
The cause of the apparent sudden change in trajectory of LATAM 800 could not be ascertained immediately. Safety experts say most airplane accidents are caused by a cocktail of factors that need to be thoroughly investigated At least 50 people were hurt when a Boeing...
Life expectancy dropped by 1.6 years during pandemic, reversing past progress: Lancet study
The study found that life expectancy declined in 84 per cent of countries and territories during this time. This demonstrated the “devastating potential impacts of novel pathogens”, the researchers said New Delhi: Global life expectancy dropped by 1.6 years between...
Generative AI is reshaping the cyber threat landscape: Lloyd’s report
The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to...
SCOR overhauls its regional and business structure
The structures within Property & Casualty (P&C) and Life & Health (L&H) are being simplified to achieve more immediate client access and decision-making Paris: French major SCOR is restructuring its business processes to become a simpler and...
EU must prepare for ‘catastrophic’ climate change risks, agency says
Without more urgent action, the EEA said most of the 36 climate risks facing Europe could hit "critical or catastrophic levels" this century. They include risks to health, crop production and infrastructure BRUSSELS: Countries across Europe should prepare for...
Generali and UNDP build SME resilience in Asia
A joint research report by Generali and the UNDP report finds that SME growth and survival in Asia are threatened by a range of risks, including climate change, business interruptions, and limited access to capital markets. These risks are intensified by the lack of...