Commercial insurance companies won’t provide coverage for ship that...
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Florida focused insurtech Slide plans to $340 million US IPO
Slide and some of its existing stakeholders are looking to raise up...
ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the...
Philips expects to reach recall settlements this year
The company recalled millions of breathing devices and ventilators used to treat sleep apnea in 2021 because foam used to dampen noise from the devices might degrade and become toxic, carrying potential cancer risks. Dutch health technology company Philips expects to...
Russia still uses Western insurance for half of its oil shipments
“Russia’s high dependence on insurance from G-7 and European countries for shipping oil means the price-cap coalition has strong leverage,” Meri Pukarinen, Europe-Russia policy officer at the Helsinki-based Centre for Research on Energy and Clean Air, said by email....
Swiss Re faces $6.3 million claim over sexism, unfair dismissal
The lawsuit by Julia Sommer, 41, brought after a Swiss Re senior manager commented about her breasts, made references about sex and discriminated against her, swings the spotlight back on an industry struggling to shake off a reputation for sexism. London: A former...
U.N. hopes water meeting can create ‘rippling effect’ to stave off crisis
There is no international binding agreement for water like the one reached for climate in Paris in 2015, or framework like that established to protect nature in Montreal last year, despite dire warnings of the risks humanity faces if water is not managed better. The...
Musk, experts urge pause on AI systems, citing ‘risks to society’
Elon Musk The concerns come as EU police force Europol on Monday joined a chorus of ethical and legal concerns over advanced AI like ChatGPT, warning about the potential misuse of the system in phishing attempts, disinformation and cybercrime. Elon Musk and a group of...
Swiss Re chairman Sergio P Ermotti to head UBS
Sergio P. Ermotti , chairman,Swiss Re The Swiss Re Board has nominated Jacques de Vaucleroy as new Vice Chairman and Lead Independent Director subject to his re-election as Board member by shareholders, effective post AGM Zurich: Swiss Re chairman Sergio P. Ermotti...
Credit Suisse bondholders consider legal advice on extinguished AT1 Bonds
Some distressed debt-type funds have been buying Credit Suisse’s AT1s for a few cents on the dollar. The bonds were traditionally held by institutional investors. Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss...
Cyber criminals exploiting ChatGPT popularity to spread malwares via FB accounts
"Cybercriminals are capitalising on the popularity of ChatGPT, exploiting Facebook's vast user base by compromising legitimate Facebook accounts to distribute malware via Facebook ads, putting users' security at risk. Our investigation has uncovered 13 compromised...
Skyrisks to launch products for Advanced Air Mobility sector
Advanced Air Mobility (AAM) businesses will have diverse insurance needs including hull all risks, third party liability, passenger & crew liability, premises, products & hangarkeepers liability, and other coverages London: Skyrisks Limited announced today...
France bans TikTok from govt devices amid cybersecurity risks
The ban brings the France in line with UK, the US, Canada and the European Union (EU) and also India – which banned TikTok entirely from the country, even as the company strongly denies sharing user data with the Chinese government. TikTok is bound by China's National...