“Clinical trials insurance is a regulatory requirement in many...
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Chaucer launches affirmative AI liability cover
As AI adoption continues to surge, AI incidents have spurred over...
M&S, Co-op cyberattackers duped IT help desks into resetting passwords, says report
“Criminal activity online – including, but not limited to,...
Russian oil cap doubts spur insurer fears of ships left at sea
If insurance was withdrawn mid-voyage, buyers and traders would have to figure out what to do with a stranded cargo potentially exposed to sanctions, complicating a strategy to deprive Russia of funds over its invasion of Ukraine. Oil-laden tankers risk being left...
Twitter’s hectic overhaul puts world’s regulators on alert
Elon Musk The US Federal Trade Commission (FTC) regulates how Twitter handles user data and has been overseeing the company’s privacy and data security compliance since it put the company under a consent order in 2011, which requires Twitter to submit to independent...
GIFT-IFSC an attractive entry point for India says its chairman Srinivas
Injeti Srinivas,chairman,IFSCA "I think in the next five years, IFSCA will clearly establish itself as a very attractive entry point for India. It will start emerging as an international financial centre for even non-India businesses… In five (years) it will be...
Need high regulatory standard globally to deal with crypto risks: Yellen
Janet Yellen,US Treasury Secretary "We need a high regulatory standard globally, we need to take steps to reduce the cost of cross-border payments and we are very actively working in the context of financial stability with Financial Action Task Force and multilateral...
FTX scrambles for funds as regulators take action
FTX's predicament marks a stunning downfall for the 30-year-old crypto executive who was once worth nearly $17 billion. The U.S. securities regulator is investigating FTX.com's handling of customer funds and crypto-lending activities, according to a source with...
Lloyd’s picks England for World Cup glory, team’s estimated insurable value at £3.17bn
Research published with the support of the Centre for Economics and Business Research (Cebr) ranks the teams based on the collective insurable value of their players. The assessment of each insurable value comprises a variety of metrics such as wages, sponsorships,...
Medibank hack could cost A$700 million in compensation, fixes
Hackers began leaking data stolen from Medibank including the names, addresses and birthdates of hundreds of customers to a forum on the so-called dark web on Wednesday. More details were posted Thursday and the company expects further leaks. The hackers demanded a...
Another earthquake hits Nepal
No loss of lives were reported so far. Wednesday's earthquake occurred at 2:12 am with its epicentre at Khaptad National Park in the Doti district of the quake-prone Himalayan nation, damaging scores of houses and sparking panic among the people who were sleeping...
Eight Indians among 10 killed in Maldives garage fire: Indian High Commission official
In a tweet earlier, the Indian High Commission said, “We are deeply saddened by the tragic fire incident in Malé which has caused loss of lives, including reportedly of Indian nationals. We are in close contact with the Maldivian authorities” Male: Eight Indians were...
African insurers take up climate change fight with $14 bln pledge
The newly created African Climate Risk Facility(ACRF) will provide protection for 1.4 billion people against floods, droughts and tropical cyclones by providing $14 billion of climate risk insurance by 2030 to African sovereigns, cities, humanitarian organizations and...