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BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%
The deal involves France’s biggest bank selling its 25% stake in AG...
EMEA insurance sector in 2026 to have stable operational and business conditions, says Fitch Ratings
Some pricing and competitive pressures will arise, alongside weak...
Three-quarters of companies globally are not ready for ESG rules: KPMG Report
“Now there will be regulatory and assurance requirements to report accurate information, which raises the bar on controls and processes as well as qualitative statements that will need to be made around the data,” Mike Shannon, Global Head of ESG Assurance at KPMG,...
US urges court to consider Amazon.com asset sales for breaking antitrust law
“The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon,” the agency said in a statement...
Cough syrup deaths overseas prompt US crackdown on toxic testing
Cough syrups made in India and Indonesia have been linked to deaths of more than 300 children globally. The medicines were found to contain high levels of DEG and EG, leading to acute kidney injury and death. The poisonings have sparked criminal probes, lawsuits and a...
OpenAI CEO says possible to get regulation wrong, but should not fear it
Sam Altman, CEO,ChatGPT “Models that are like 10,000 times the power of GPT4, models that are like as smart as human civilization, whatever, those probably deserve some regulation,” The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation...
US energy regulator recommends revising reliability standards for extreme weather
FERC said the report recommends completing cold weather reliability standard revisions from Winter Storm Uri in 2021 – which resulted in the largest controlled blackout in U.S. history – and making U.S. natural gas infrastructure more reliable The Federal Energy...
Sunak may ban cigarettes in UK for future generations -The Guardian
British Prime Minister Rishi Sunak Those measures include free vape kits, a voucher scheme to incentivise pregnant women to quit, and consulting on mandatory cigarette pack inserts, the spokesperson added. The spokesperson declined to comment further on The Guardian...
California lets insurers factor wildfire risks in rates to widen coverage
The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...
Indian auto insurance technology startup listed on Nasdaq
''We're incredibly excited about the transformative potential of AI in reshaping the USD 800 billion auto insurance market and are going to be unwavering in our focus to build Roadzen as the leader at the intersection of AI, mobility and insurance,'' another release...
Lloyd’s and the UN team up to get insurance to climate vulnerable countries
After the initial focus on the Pacific, the partnership will seek to roll out the model to Asia and parts of Africa LONDON: Lloyd's of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate...
Google sued after man drives his car off collapsed bridge following Google Maps
Philip Paxson drowned after his vehicle plunged off a bridge in Hickory, North Carolina that collapsed in 2013, reports USA Today. San Francisco: A family in the US has sued Google after a man belonging to the family died after driving his car off a collapsed bridge...