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Climate crisis is outrunning world, UN chief Antonio Guterres warns leaders at COP31
2026 has also stood out with a series of extreme heatwaves across...
Macron in talks with Gulf countries about providing insurance for Hormuz transit
Discussions are ongoing with Saudi Arabia and other Gulf states to...
Cyberattacks on supermarket freezers across Europe raise physical loss risks: MS Amlin
“Hospitals, hotels, pharmaceutical and vaccine cold chains, and food manufacturers could all face comparable exposures. The common thread is that many operational systems were built to run for decades and were only later connected to the internet to enable remote...
New cyberattack on supermarket fridges sweeps across Europe
The attack, which raised temperatures in refrigerator and freezer units at dozens of stores, hit supermarket groups Ahold Delhaize and Colruyt in Belgium and Luxembourg, as well as Swedish grocers ICA and Coop. Furniture-to-meatballs retailer IKEA also saw at least...
Aon and Munich Re launch pandemic reinsurance solution protecting insurers in Indonesia and the Philippines
Hitesh Kotak, CEO, Asia, Munich Re, said: "Pandemic risk remains one of the most significant protection gaps facing economies across Asia. This solution provides organizations in Indonesia and the Philippines with greater access to protection against pandemic-related...
Binance’s $6.3 Billion Hack: How Crypto insurance works
When a crypto exchange suffers a hack, losses can be covered through a combination of insurance payouts, the company’s own capital and emergency funds set aside to compensate customers. Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist,...
Chinese AI model carries out complex cyberattacks in controlled tests, researchers say
The findings underscore concerns that increasingly capable AI models lower the technical barriers to sophisticated cyberattacks. This is particularly the case with many Chinese AI models like GLM-5.3 that are open-weight, meaning they are available for users to...
Finland launches criminal probe into violation of environmental rules by Google
Authorities have said Tuike Finland, a subsidiary of Alphabet’s Google, conducted forest clearing and drainage at a planned site near the town of Muhos before the environmental impact assessments required under Finnish law had been completed. Finnish police said on...
Barclays seeks insurance on more than $10B of AI funding
Banks frequently use credit risk insurance to hedge portfolios, alongside derivatives, outright loan sales and significant risk transfers. By sharing the risk of losses with insurers or investors, lenders free up regulatory capital that can then be used to bid for...
MS Amlin launches AI wordings tool ahead of January renewal season
Known internally as Wordy Bot, the tool analyses reinsurance contracts against MS Amlin’s underwriting standards, identifying missing clauses, wording differences and potential inconsistencies for review by its underwriters and Wordings team. London: MS Amlin, the...
Anthropic filing reveals concerns over data center pushback
Lionella Pezza, director of impact research at Domini Impact Investments, said Anthropic’s IPO filing is a reflection of just how important sustainability is for AI companies. At the same time, “there is not sufficient disclosure about the company’s environmental...
Climate change a growing health emergency, Lancet Countdown warns
The report's authors call for climate change to be formally recognized and addressed as a global health emergency, and for health considerations to be integrated across climate mitigation, adaptation and financing decisions. Priorities include accelerating reductions...