The strikes on Iran's Gulf coast were in response to "aggressive...
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Trump ends Situation Room meeting without announcement; WH says ceasefire deal must “satisfy red lines”
"The Hormuz Strait must be immediately open, no tolls, for...
Iran, US reach deal to extend ceasefire, lift restrictions on shipping through Hormuz, pending Trump’s approval
According to four sources familiar with the matter, the agreement...
Apple loses landmark UK lawsuit over app store commissions
The Competition Appeal Tribunal (CAT) ruled against Apple after a trial of the lawsuit, which was brought on behalf of millions of iPhone and iPad users in the United Kingdom.The CAT ruled that Apple had abused its dominant position from October 2015 until the end of...
Re/insurance industry needs to push boundaries of risk taking in a fragmenting world: Experts
“While the universe of risks is expanding, the world is fragmenting. Organizations are seeking new opportunities while having to navigate the most complex set of risk challenges in a generation. For the (re)insurance industry, this is a moment to step up, to create...
Aon’s advanced AI-powered supply chain offering to help businesses anticipate & mitigate hidden risks
Using AI and advanced data modelling, the solution analyses frequency and severity of supply chain events over time from more than 80,000 sources in over 200 countries DUBLIN: Aon plc, a global professional services firm, announced the launch of a new AI-powered...
Insurance loss estimated for outage at AWS can range from $38 million-$581 million, says CyberCube
CyberCube’s analysis shows that the outage is likely to have affected over 2,000 large organizations and nearly 70,000 organizations in total. The analysis is based on Portfolio Manager Version 6, which was released earlier this year. It allows users to assess...
Jaguar Land Rover hack cost UK economy $2.5 billion, report says
"This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers," the CMC report said. LONDON: The August hack of Jaguar Land...
US sanctions Russian oil majors over Ukraine, prompting jitters in India and China
The sanctions target oil giants Rosneft and Lukoil, which between them account for more than 5% of global oil output In another bid to starve Moscow of revenue, the EU also approved a 19th package of sanctions that includes a ban on Russian liquefied natural gas...
Tesla’s European regulator says door safety a ‘Key Priority’
The Dutch authority RDW, which inspects and approves Tesla’s vehicles for sale in the European Union, said Thursday that regulators will shore up rules to ensure that occupants can safely exit vehicles after a crash and be rescued by first responders Tesla Inc.’s...
UK sanctions Russia’s Lukoil and Rosneft, targets shadow fleet
"We are introducing targeted sanctions against the two biggest oil companies in Russia, Lukoil and Rosneft. At the same time, we are ramping up pressure on companies in third countries, including India and China, that continue to facilitate getting Russia oil onto...
Cybercrime causing global economic damage of almost US$10 tn,1% of cyber risks currently insured: Munich Re
Claudia Strametz, who leads Munich Re's business for Germany and who is responsible for cyber business in Europe said, “Over the past 10 to 15 years, cyber insurance has experienced remarkable growth, evolving from a virtually non-existent product to a global market...
Soteria Surveyors & Loss Adjusters enters associate agreement with Charles Taylor Marine Technical Services in Qatar and India
The associateship will ensure a rapid, consistent and expert response to claims and surveys in Qatar and India. Charles Taylor Marine Technical Services and Soteria will coordinate closely to mobilise teams for casualty investigations, hull and machinery surveys,...