It’s not clear what exactly prompted New Champion’s U-turn. Some...
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Why El Niño’s promise of quieter Hurricane Season may not be good news for insurers
“All it takes is one landfalling hurricane to create an insured...
Aon launches AI Risk Diagnostic to help organizations understand and manage AI risk
"Artificial intelligence is creating significant opportunities for...
Houthis escalate pressure, Announce planned maritime blockade of Saudi Arabia
A disruption to supplies through the Red Sea, the route currently used by Saudi Arabia for bulk of its crude exports, would exacerbate the war’s impact on global oil trade. The Houthis, an Iran-backed Yemeni group, said they would impose a maritime blockade on Saudi...
Red Sea war insurance costs rise after Houthi blockade, sources say
Indicative war risk premiums rose to around 0.75% of the value of a ship, from around 0.3% on Friday before the Houthi announcement, according to the sources, who declined to be identified due to the sensitivity of the matter. LONDON: The insurance cost of...
Iran and US widen attacks, raising fears for Gulf shipping and water supplies
Oil prices briefly jumped above $90 a barrel after renewed disruption to shipping through the Strait of Hormuz, but later pared gains after Iran’s Foreign Ministry said mediators had recently presented proposals to Tehran, signaling that diplomatic contacts remain...
Aon expands Data Center Lifecycle Insurance Program to $5 billion
"Digital infrastructure has become one of the most important and capital-intensive asset classes in the global economy.As clients build larger and more complex data center portfolios, they need access to greater insurance capacity alongside solutions that strengthen...
Facebook, Instagram face outage as users report access issues
Some Facebook users received the message "Account Temporarily Unavailable. Your account is currently unavailable due to a site issue. We expect this to be resolved shortly. Please try again in a few minutes". New Delhi: Users of Meta-owned social media platforms...
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...