Fitch expects competition to intensify as supply outpaces demand,...
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Sompo to acquire Aspen for $3.5 Billion
James Shea, CEO of Sompo P&C, said “Strategic acquisitions have...
Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric...
All assembly lines at Toyota’s auto plants in Japan shut down by computer problems
The automaker doesn’t believe the problem was caused by a cyberattack but the cause is still under investigation, said spokeswoman Sawako Takeda TOKYO: All 28 vehicle assembly lines at Toyota’s 14 auto plants in Japan shut down Tuesday over a problem in its computer...
Viasat Inc’s $1 bn orbiting satellites risks upending space insurance
Viasat’s troubles in orbit come a few years after big-name insurers like American International Group Inc. and Allianz SE have shuttered their space portfolios. That’s left a smaller pool of providers to absorb the risks in the notoriously high-stakes $553 million...
US business lobbyists struggle to soften new SEC rules on quick disclosure of cybersecurity breaches
Under the rules, publicly traded companies will later this year have to start disclosing cyber incidents within four business days of determining they are material to shareholders Companies will only rarely be able to delay making an incident public due to national...
China regulator met with foreign investors to alleviate concerns
The meeting comes as Beijing scrambles to shore up investor confidence in the market, which has been hobbled by a deepening property sector crisis and weakening growth in the world’s second-largest economy China’s securities regulator met with representatives from top...
Tesla investors to get $12,000 each from Musk’s SEC deal
The US Securities and Exchange Commission aims to pay the investors the $40 million plus interest that Tesla’s chief executive officer and the company agreed to as civil penalties to settle a lawsuit by the regulator Investors had incurred losses from Elon Musk’s...
US sues SpaceX, alleges hiring discrimination against asylum recipients, refugees
“The lawsuit alleges that, from at least September 2018 to May 2022, SpaceX routinely discouraged asylees and refugees from applying and refused to hire or consider them, because of their citizenship status, in violation of the Immigration and Nationality Act,” the...
Swiss Re ordered to pay former underwriter $1.6M for sexism, unfair dismissal
Ms. Sommer was awarded 1.29 million pounds in a ruling published on Thursday, which the tribunal said was for “injury to feelings, personal injury and aggravated damages” and other financial losses, including the loss of a bonus in 2021 London: A former Swiss Re...
WHO Civil Society Commission launched to accelerate progress in global health
The Commission’s mandate is to strengthen dialogue and foster collaboration with WHO and among one another. It will also provide recommendations to support WHO in this engagement at all levels (global, regional and national) towards the achievement of universal health...
Europe is cracking down on Big Tech. This is what will change when you sign on
People in the 27-nation European Union can alter some of what shows up when they search, scroll and share on the biggest social media platforms like TikTok, Instagram and Facebook and other tech giants like Google and Amazon.That's because Big Tech companies, most...
Highly mutated COVID variant found in new countries but pandemic in ‘a different phase’
It appears that current tests and medications remain effective against BA.2.86, although the variant may be more capable of causing infection in vaccinated people and those who have had COVID previously, the assessment said. There is no evidence yet that it is causing...