Climate change is only adding to the urgency to clean Everest. Snow...
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China pushes commercial insurers in bid to boost local biotechs
The 3.5 trillion yuan ($486 billion) fund — which covers medical...
(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch
However, ongoing geopolitical uncertainty, including the...
Hackers hit aid groups responding to Israel and Gaza crisis
"There's a lot of DDoS attacks happening now, focused on services that people are looking for: rescue services, telco, government services, media – anything that people need at this time," said Gil Messing of cybersecurity firm Check Point. Most websites bounce back...
EU industry chief warns Alphabet CEO on tech rules compliance after Hamas attack
EU industry chief Thierry Breton reminded Alphabet Chief Executive Officer Sundar Pichai in a letter posted on social media platform X, formerly known as Twitter, of the company's obligations set out in the Digital Services Act (DSA) which requires very large online...
Israeli cybersecurity professionals band together amid Gaza war
Israeli information security professionals are banding together to provide free cybersecurity services to Israeli companies amid a spike in hacktivist activity sparked by the war in Gaza, volunteers said Israel’s tech industry is, like the country as a whole, in flux,...
Israel to provide $6 billion in aviation war insurance
The guarantee framework will grant Israeli airlines insurance policies against war risks, thereby ensuring the continuity of air operations in Israel Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance...
Sharp rise in companies’ climate-related risk disclosure G20 report
Climate-related metrics disclosure led the way with over 70 per cent of companies disclosing the metrics they use. Reporting on greenhouse gas emissions and climate-related targets also showed considerable progress (both at 66 per cent), with a 24 per cent increase in...
Airlines split over safety risk of Israel flights
Airlines have faced warnings over insurance cover in the wake of the weekend attacks on Israel by Hamas militants Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with Norwegian Air and Dutch KLM canceling flights while Air France...
Governments join rescue effort as airlines face Israel insurance alert
Israel’s parliamentary finance committee said late on Tuesday it would debate authorizing state guarantees for providing war risk insurance for Israeli airlines The panel said insurance companies had indicated they were entitled to cancel cover with seven days’...
Use of Weather Derivatives surges as extreme climate events rock the globe
Weather derivatives let buyers hedge against the risk that the weather will damage their business. Unlike insurance, where companies must prove they have suffered a loss, they pay out based on indexes. These might track the temperature in Paris or rainfall in New York...
Israel’s ports feel strain as shipping traffic slows after attacks
Israel is among countries in the Middle East already considered a high-risk area by insurers in the London insurance market, a key center for marine insurance cover.Ships pay an additional war risk premium for seven-day voyages to Israel. Since Saturday’s attacks...
Global economic losses from extreme weather could hit $5 trillion -Lloyd’s
“The global economy is becoming more complex and increasingly subject to systemic threats,” said Trevor Maynard, executive director of Systemic Risks at the Cambridge Centre for Risk Studies London: Global economic losses could reach $5 trillion under a “plausible...