The ruling could allow prosecutors to argue for a breakup of...
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China bans ‘smart’ and ‘autonomous’ driving terms from vehicle ads
Analysts and industry sources cautioned stricter regulations would...
US cyber insurance premium shrinking to continue: Fitch
The cyber insurance line was profitable for 2024, but direct...
Europe’s resilience test for banks’ climate risk is softer than expected
Banks participating in the exercise had to estimate how events such as floods would impact mortgage values, or how big a hit they faced if corporate clients defaulted after a spike in carbon prices Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer...
Many non-Russian shipowners still transport Russian crude, reap big rewards
Shippers can earn around $1.6 million hauling Russian ESPO oil on a small tanker from the eastern port of Kozmino to China, said shipbrokers. That’s around triple the amount prior to the invasion of Ukraine, based on data compiled by Bloomberg. The lucrative trade has...
Gallagher Re & Africa Re team up to address protection gap in Africa
Antoine Bavandi, Global Head of Public Sector, Parametric & Climate Resilience Solutions at Gallagher Re, added: “We are thrilled to begin this journey with Africa Re and its partners. We will be putting to work our expertise in various domains to come up with the...
Hong Kong exchange enlists HSBC, Tencent to help create carbon market
Worldwide efforts to combat climate change have spawned voluntary carbon markets, which allow emitters to offset their carbon by purchasing so-called credits, which are issued by projects targeted at removing or cutting emissions Hong Kong: Hong Kong's stock exchange...
Inflationary recession, a key concern for global re/insurance industry: economists and strategist at Geneva Association meeting
Given the instability and distortions that come with protracted high inflation, it could have a negative impact on the growth of insurance markets and insurance penetration. Insurers have a big tool kit at their disposal to respond to inflation, for example through...
IAEA Initiative sets to facilitate safe and secure deployment of small modular reactors
"In nuclear, we must have the highest standards of nuclear safety and security – they are indispensable for the public, governments and investors. Nuclear safety, security, and safeguards will be the litmus test for deployable reactors at the scale needed. The NHSI is...
Howden acquires a New Zealand broker to focus on Pacific market
Matt Bacon, CEO Howden Pacific, commented: " This acquisition is another great step forward in our strategy to expand our platform in New Zealand, and continue to offer a choice to clients and talent in this key Pacific market" Auckland: Howden, the international...
Climate change is driving 2022 extreme heat and flooding
For heatwaves and extreme rainfall, “we find we have a much better understanding of how the intensity of these events is changing due to climate change,” said study co-author Luke Harrington, a climate scientist at Victoria University of Wellington Less understood,...
Australia floods worsen as thousands more flee Sydney homes
The Insurance Council of Australia, which declared the floods a 'significant event', urged affected people to apply for claims, even though the full extent of damage was unknown now Sydney: Torrential rains kept battering Australia's east coast on Tuesday,...
German road traffic agency asks Tesla to recall 59,000 units globally
The U.S. National Highway Traffic Safety Administration (NHTSA) early in June upgraded its probe into 830,000 Tesla vehicles with the advanced driver assistance system Autopilot, a required step before it could seek a recall Germany's road traffic agency said it was...