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Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash
“My father trusted Leonardo when he bought that helicopter but the...
Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’
The lawsuit was brought by consumer law academic Christine Riefa on...
Tsunami advisory issued after 6.9-magnitude quake strikes Japan
"The quake's epicentre was at a depth of 30 km in the Hyuganada Sea. Immediately following the quake, the agency issued a tsunami advisory for the coasts of Miyazaki and Kochi prefectures. Waves of 1 metre are being forecast. People in the vicinity are urged to stay...
Moody’s to acquire CAPE Analytics, adds AI-powered geospatial property risk intelligence to its insurance risk models
“By combining our CAT risk models with CAPE’s AI-powered property risk intelligence, we will provide our customers with the most advanced property risk analytics available in the industry, enhancing insights and decision-making across the insurance lifecycle,” said...
Miller continues Asia expansion, enters Korean market
Ron Whyte, Head of Asia at Miller, commented: “Today’s announcement further demonstrates Miller’s commitment to the Asian market, which remains a cornerstone of our ambitious international growth objectives London: Miller, an independent specialist (re)insurance...
WTW launches a new primary cyber insurance solution for businesses in Singapore and Hong Kong
While organisations in Asia race to adopt new technologies such as generative AI, a basic understanding is needed of the immediate, mid-term and long-term implications of these technologies for their cyber-resilience posture. Simply having a cyber insurance policy in...
Tougher US sanctions to curb Russian oil supply to China and India
Sanctions on Russian oil insurers will prompt Russia to price its crude below $60 a barrel so Moscow can continue to use Western insurance and tankers Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and...
New U.S. sanctions against Russian energy interests
Two Russia-based maritime insurance providers: Ingosstrakh Insurance Company and Alfastrakhovanie Group, both previously sanctioned by the UK and 69 vessels owned by Sovcomflot, including 54 oil and product tankers and four liquefied natural gas (LNG) tankers have...
Europe asks airlines to steer clear of Russia Airspace after Azeri plane crash
In 2024, commercial aviation suffered its deadliest year since 2018 after the Azerbaijan Air crash and Jeju Air Co. disaster in South Korea drove up the toll in late December. In the Jeju accident, all but two of the 181 people on board died The European Union...
South Korea jet crash puts fast-growing Jeju Air’s safety under scrutiny
Authorities have suggested a bird strike contributed to the accident, but as part of their probe into the incident aboard Boeing 737-800, police have raided the airlines’ Seoul office to seize documents related to the operation and maintenance of the plane Before it...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...
US ‘notorious markets’ report warns of risks from online pharmacies
The report says 96 per cent of online pharmacies were found to be violating the law, many operating without a license and selling medicines without prescriptions and safety warnings. Nearly all of the world's 35,000 online pharmacies are being run illegally and...