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Data Centres: Global investment boom could create USD200 billion commercial insurance opportunity amid rising accumulation risks, says Swiss Re
Gianfranco Lot, Swiss Re's Chief Underwriting Officer P&C Re,...
Nepal floods could cost insurers over $130 million even before death, injury claims
Eleven Nepali hydropower projects lie in the affected region, some...
Drones, AI and white paint: Europe races to protect infrastructure from heat
A 2025 report by leading central banks estimated that severe weather events, including heatwaves, droughts and floods, could cut euro zone GDP by as much as 4.7% by 2030. As Europe’s railways buckle under record heat, roads melt and power grids strain, countries are...
Passenger partly sucked out of Ryanair’s Boeing 737-800 plane after cabin window dislodges
Boeing has said it was assisting the investigation led by North Macedonia, over which the incident occurred. The U.S. National Transportation Safety Board and the European Union Aviation Safety Agency are involved in the probe.A Greek prosecutor has launched a probe...
US issues worldwide travel caution amid rising West Asia tensions, warns Americans of potential security threats
The development comes as tensions between Iran and the United States escalated after the collapse of the 14-point MoU, signed last month, aimed at ending the hostilities between the two sides and opening the pathway for further negotiations, particularly on Iran's...
Iran declares interim deal with U.S. on hold as conflict deepens
The US has violated its commitments under the deal that was signed about a month ago and now Iran is "no longer implementing them," Kazem Gharibabadi, Iran's deputy foreign minister, told state TV. The United States and Iran exchanged strikes aimed at infrastructure...
US moves to set guardrails for autonomous vehicle behavior
The goal is to craft objective safety standards “so that a manufacturer who is producing the vehicle can know with certainty whether or not the vehicle meets the requirements,” Morrison said. The Trump administration is working to develop new safety requirements...
White House launches AI clearinghouse to strengthen cybersecurity
It will allow for the exchange of information about potential vulnerabilities and is a product of the AI executive order President Donald Trump issued last month. The administration is working with the Software Engineering Institute at Carnegie Mellon University to...
World faces energy security risks if Hormuz fails to reopen soon: IEA
"It is mainly Asia, because Asia was getting 80 to 90% of this energy from the Strait of Hormuz," he said. Japan and South Korea have suffered, but developing countries including Pakistan, Bangladesh and India have been hit hardest, he said. WASHINGTON: If the...
After Hormuz, Iran turns Red Sea into new strategic pressure point
A senior Yemeni official warned on Monday that the country’s armed forces were prepared to close the Bab el-Mandeb Strait – a move he said could send oil prices soaring to $200 a barrel – if Saudi Arabia continued to attack Yemen, according to a report on Iran’s Press...
UK unveils rules to establish Captive Insurance regime
The Bank of England and the Financial Conduct Authority laid out plans for a captive insurance regime, according to a statement Tuesday. Captive insurers are entities set up by companies or public institutions that provide their own cover. The UK has proposed rules to...
China braces for unusually active Typhoon season after Bavi
In its latest midsummer outlook, the National Climate Centre forecast that as many as six tropical cyclones would hit China this summer, a higher number than average. These storms “are expected to be strong overall” and to affect mainly coastal areas of southern and...