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AI,cyber, and climate change will be key insurance themes in 2026, predicts GlobalData
Cyber and climate change/natural catastrophes are also key themes....
Catastrophe bonds linked to wildfires lose ‘untouchable’ status
More than $5 billion of cat bonds with some level of exposure to...
Toyota warns 50,000 vehicle owners to stop driving, get immediate repairs
More than 30 deaths worldwide, including 26 U.S. deaths, and hundreds of injuries in various automakers' vehicles since 2009 are linked to Takata air bag inflators that can explode, unleashing metal shrapnel inside cars and trucks Washington: Toyota Motor said on...
Musk’s Neuralink implants brain chip in first human
Elon Musk ``Neuralink’s first product would be called Telepathy. It will enable “control of your phone or computer, and through them almost any device, just by thinking. The product’s initial users will be people who have lost the use of their limbs. Imagine if...
Italian regulator notifies OpenAI about violating Europe’s privacy laws
Confirmed breaches of the pan-EU regime can attract fines of up to 20 million euros, or up to 4 per cent of global annual turnover, reports TechCrunch London: The Italian regulator on Monday notified Sam Altman-run OpenAI about breaching European data privacy law,...
Howden launches first-of-its-kind carbon capture and storage insurance facility
The insurance facility, designed by Howden and led by SCOR’s syndicate at Lloyd’s, provides cover for environmental damage and loss of revenue arising from the sudden or gradual leakage of CO2 from CCS projects into the air, land and water London: Howden today...
Red Sea, Black Sea and Panama Canal: UNCTAD raises alarm on global trade disruptions
The Suez Canal, a critical waterway connecting the Mediterranean Sea to the Red Sea, handled approximately 12% to 15% of global trade in 2023. UNCTAD estimates that the trade volume going through the Suez Canal decreased by 42% over the last two months Geneva: The...
Germany is launching a six-month trial of 4-day work week from Feb 1
A six-month programme starting from Feb 1 will grant a day off every week for hundreds of employees while keeping them on full pay. The study aims to find out if labour unions are right that it could not only leave staff healthier and happier, but also more...
Hong Kong court orders property firm China Evergrande to liquidate after plan for $300B debt fails
China Evergrande Group is one of the biggest of a series of Chinese developers that have collapsed since 2020 under official pressure to rein in surging debt the ruling Communist Party views as a threat to China's slowing economic growth Hong Kong: A Hong Kong court...
Red Sea, China risks to US economy seem contained, White House says
Americans have faith in their personal finances while consumer goods are already seeing a slowdown in price increases Washington DC: The Untied States risks some exposure to China's economic slowdown and shipping disruptions in the Red Sea, but they appear contained,...
Bayer ordered to pay $2.25 billion in latest Roundup trial
Bayer was ordered on Friday to pay $2.25 billion to a Pennsylvania man who said he developed cancer from exposure to the company's Roundup weedkiller, the man's attorneys said. A jury in the Philadelphia Court of Common Pleas found that John McKivision's non-Hodgkins...
Italy fines first city for privacy breaches in use of AI
The authority - one of the EU's most proactive in assessing AI platform compliance with the bloc's data privacy regime - last year briefly banned popular chatbot ChatGPT in Italy ROME: Italy's privacy watchdog has fined the northern city of Trento for breaking data...