Mirroring broader headlines across industries, insurers continue to...
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Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion
“Insurance is a distinctly complex industry, where the quality of...
FM announces $855 million resilience credit to support investment in risk reduction
“For two years in a row, we’ve been able to provide an enhanced 10%...
Data centers face downgrade risk amid local pushback, S&P says
Delays due to grid capacity constraints, environmental sustainability concerns and zoning shifts “could increase downward pressure on the creditworthiness of data center projects,” analysts including Chris Mooney wrote in a Oct. 23 report. Data centers face potential...
Ship attacks in Strait of Hormuz hit record high in October
Raydan, who maintains the institute's interactive shipping incident map, has recorded 28 confirmed and reported attacks in the Strait of Hormuz and surrounding waterways in October and 113 since the US-Israeli war with Iran began on February 28. OSLO: October has...
Global insured Nat CAT losses fall to lowest 9-month level since 2019: Gallagher Re Report
Q3 also marked the sixth consecutive quarter without an individual natural catastrophe generating more than USD10 billion in insured losses. This comparatively favorable loss experience has supported strong industry earnings, robust capital positions and substantial...
Europe’s Summer Toll: 50,000 deaths and a €17 billion GDP hit
“We often see elderly patients become confused or have strokes or have cardiac-type events where heat may have made a significant contributing factor to the death,” said Andrew Hartle, an intensive-care consultant at Imperial College Healthcare NHS Trust, in a press...
Led by property, India, Middle East, and Africa see rates decrease in Q3, says Marsh
Insurance rates in the third quarter decreased 14% in the IMEA region, the highest across all regions. No major losses were reported across major insurance lines. Singapore: Rates continued to vary significantly by market, with the steepest reductions in India and...
China’s natural disaster losses hit $30 billion in first nine months of 2026
Geological hazards, which include rain-triggered landslides and mudslides, caused the highest proportion of fatalities and made up 60% of all disaster types, while typhoons caused the largest amount of direct financial damage, the ministry said. HONG KONG: China...
AI could unlock USD 2.52 trillion in annual global economic value, rising costs pose risk: McKinsey
The research identified financial services as the sector with the largest potential economic gains from AI, estimated at USD 530 billion annually, followed by education at USD 410 billion, technology, media and telecommunications at USD 360 billion, and healthcare at...
Meta sued in Australian class action over alleged social media harm to children
The lawsuit, filed in the Federal Court, Australia’s second-highest, by law firm MinterEllison this month could be the first in Australia to blame social media for harming its users, particularly children and teenagers. A class-action lawsuit has been filed in an...
Hacking attempts surge as companies, governments rush to patch PHP flaws
The emergency shutdowns of banking, airline, rail, tax and government services from Tokyo to Helsinki mark one of the most dramatic tests of the decades-old programming tools that keep the web running, exposing how deeply governments and companies depend on code that...
AI-discovered bugs may soon trigger fresh disruptions, cyber experts say
The outages that spread across government sites in Europe and elsewhere beginning on Wednesday happened after the discovery of weaknesses in PHP, a venerable programming language that powers a huge swath of the internet. Operators have been rushing to fix their...