Jérôme Haegeli, Swiss Re's Group Chief Economist, said: "While...
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Impostor uses AI to impersonate Rubio, contact foreign and US officials
Marco Rubio US ,Secretary of State The misuse of AI to deceive...
Houthi militants continued to pound a commercial ship in the Red Sea
“These incidents highlight the Houthis’ disregard for human life,...
New Zealand offers to buy out owners of homes damaged by Cyclone
Together with local councils, the government will offer to buy as many as 700 residential properties across the North Island that were damaged by Cyclone Gabrielle and heavy flooding earlier this year, Finance Minister Grant Robertson said Thursday in Wellington. It...
Canadian pension fund CDPQ puts brakes on China investment – FT
The Financial Times in February reported that Singapore's sovereign wealth fund GIC has reduced private investments in China Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its...
June 1 Renewals: Property-catastrophe pricing up 33%, says Howden Tiger
P&C reinsurance prices up an average 33% at 1 June (highest since early 90s), driven by financial market volatility, inflation, geopolitical tensions, recent weather losses and the Turkey earthquakeReinsurers are in a period of “heightened risk aversion” and stand...
Amazon fined $25 mn for violating children’s privacy law, deceiving parents
"Amazon's history of misleading parents, keeping children's recordings indefinitely, and flouting parents' deletion requests violated COPPA and sacrificed privacy for profits," said Samuel Levine, Director of the FTC's Bureau of Consumer Protection San Francisco:...
Digitally advanced countries trust less on artificial intelligence: Swiss Re report
The most AI-trusting people hail from emerging digital growth markets such as India, Nigeria, Mexico, Indonesia, Philippines and Argentina` `What is surprising in 'Decoding Digital Trust: A consumer perspective' is that countries with advanced levels of digital...
Delta Air Lines faces proposed U.S. class action over carbon neutral claims
The complaint alleges that Delta is not living up to advertising that presents the Atlanta-based carrier as “the world’s first carbon-neutral airline,” saying it leads consumers to believe Delta hasn’t been responsible for releasing additional carbon into the...
Top AI CEOs, experts raise ‘Risk of Extinction’ from AI
“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” more than 350 signatories wrote in a letter published by the nonprofit Center for AI Safety (CAIS). Top artificial...
Taiwan rushes to prevent China from cutting off internet, phones
Audrey Tang, who heads Taiwan’s Ministry of Digital Affairs, says she wants the island’s $740 billion economy to be able to handle the possible collapse of all its communications in the event of an emergency by the end of next year Buffeted by earthquakes and the...
Japan’s largest insurer Tokio Marine joins defectors from Gfanz climate group
A spokesperson said Tokio Marine will continue to consider measures to realize a decarbonized society such as the use of renewable energy and emphasized it will keep a close eye on social and environmental causes Tokio Marine Holdings Inc., Japan’s largest insurer by...
19th SIRC 2023 on ‘(RE)INSURANCE RESET’ will be held in Singapore from 30 October to 2 November, will be an all in-person event
The Singapore Reinsurers’ Association (SRA) Chair, Marc Haushofer said “The SRA Executive Committee (EXCO) had deliberated intensely over the messaging that would appropriately encapsulate the state of the industry today, which had over the past few months displayed...