The settlements come weeks after a Florida jury ordered Tesla to...
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Microsoft seizes 340 websites linked to growing phishing subscription service
Raccoon0365’s service, which operates through a private Telegram...
Insurers lose bid to appeal London judgment over jets lost in Russia
The decision marks another milestone in one of the largest lawsuits...
French insurers receive $305 million riot claims
French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores...
Law firms wooing AI experts as clients demand ‘More for less
Legal services are the most vulnerable to ChatGPT-style software, according to a recent University of Pennsylvania study. The widely-accessible technology is particularly suited to time-consuming legal work, because of its ability to instantly analyze large documents,...
Reinsurance market continues to recalibrate at mid-year 2023 renewals: Guy Carpenter
The preliminary year-to-date Guy Carpenter US Property Catastrophe Rate on Line Index, an alternative measure of price change that incorporates the impact of structural adjustments and current views of risk on actual dollars paid, increased 35 percent for January...
Russia rejects bank compromise as Black Sea grain expiry looms
Russia says the severing of the bank's access to SWIFT is one of the obstacles facing its own exports of food and fertiliser, and that it cannot keep renewing the Black Sea deal unless those issues are addressed Russia on Tuesday restated a demand for its state...
EV batteries remain major challenge for insurers – UK’s Thatcham
Batteries can make up half of an EV's cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical LONDON: A lack of data on electric vehicle (EV) batteries continues to...
Nations haggle over targets to cut shipping’s huge emissions
Large shipping companies are already making moves. A.P. Moller-Maersk A/S has ordered 25 vessels that are able to run on green methanol. Rival container shipper CMA CGM is expecting 24 bio-methanol-powered, e-methanol ready vessels to be delivered by 2027 In a grey,...
Birth Rate in Singapore falls to record low, only 35,605 babies in 2022
In response to queries on the declining TFR, National University of Singapore sociologist Tan Ern Ser remarked that likely factors include children increasingly not being seen as part of retirement planning, while the cost of raising them has risen in an increasingly...
Munich Re appoints Owais Ansari as CEO, Life & Health Middle East and North Africa
Owais Ansari, chief executive officer, Life & Health, Middle East and North Africa, Munich Re Owais Ansari said,``The Middle East and North Africa offer significant opportunities for life and health (re-)insurance. Munich Re having an established presence in this...
Markel appoints Kevin Leung as chief underwriting officer for Asia
Kevin Leung, chief underwriting officer, Asia Pacific, Markel This appointment is the next step on our journey to empower and develop our underwriting team in Asia. Our aim is to provide the best specialist underwriting capabilities to businesses in Asia Pacific.”...
Musk, Zuckerberg lead a $852 billion surge among world’s richest in first half of 2023
The gains coincided with a broad stock market rally, as investors brushed off the effects of central bank interest rate hikes, the ongoing war in Ukraine and a crisis in regional banks. The S&P 500 rose 16% and the Nasdaq 100 surged 39% for its best-ever first...