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Apollo Global Management sees potential risks in US insurers moving to Cayman Islands
Executives, regulators and experts have voiced concerns in recent...
Reddit sues Australia over social media ban, citing free speech threat
The San Francisco-based firm, which ranks Australia among its...
Australia bans DeepSeek AI services from all government systems and devices
Home Affairs Minister Tony Burke said in a statement Tuesday that all DeepSeek products, applications and services would be removed from government systems on national security grounds effective immediately Australia has banned DeepSeek AI services from all government...
Corporate ‘Irritation’ over ESG fueled by significant costs
There’s evidence to suggest that fund managers devoting lots of energy to their ESG strategies aren’t necessarily being rewarded by investment clients. Funds complying with the EU’s strictest ESG standards suffered record outflows last quarter, according to a research...
LA wildfire losses can touch $164 billion, report says
Insured losses are estimated at $75 billion.The disaster will reduce L.A.’s gross domestic product by $4.6 billion, or about 0.5%, in 2025. Insured losses may cover only a fraction of the costs for fire victims. Many property owners seeking to rebuild were...
Long Covid costing nations billions, lost productivity and health
Approximately 400 million people have been affected by long Covid since the beginning of the pandemic. Global estimates indicate that about 6 percent of people develop long Covid symptoms after infection, according to the World Health Organization Long Covid is...
Miller to acquire AHJ Holdings
In addition to providing immediate scale and capability in treaty reinsurance, it will give Miller access to AHJ’s strong positioning in Nordic, Caribbean and North American Treaty business London: Miller, the independent specialist (re)insurance broker, has announced...
Europe’s insurers may face new capital rules for climate risk
The goal is “to ensure the continued protection of policyholders and the overall stability of the EU’s insurance market amid more erratic and damaging weather patterns,” EIOPA said Europe’s insurance watchdog has called for a recalibration of capital requirements to...
Lloyd’s appoints Alexandra Cliff as Chief Financial Officer
Alexandra Cliff Chief Financial Officer-designate, Lloyd's Alex has over 20 years of experience in the insurance industry, having held senior finance roles in insurance and broking firms including Direct Line Group, StarStone, and AJ Gallagher London: Lloyd’s, the...
Alphabet’s Waymo to test its autonomous driving technology in over 10 new cities
After testing the Waymo Driver in multiple cities, the company says the technology is adapting successfully to new environments, leading to the expansion Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving...
Lawsuit accuses Amazon of secretly tracking consumers through cellphones
According to a proposed class action in San Francisco federal court, Amazon obtained “backdoor access” to consumers’ phones by providing tens of thousands of app developers with code known as Amazon Ads SDK to be embedded in their apps Amazon.com was sued on Wednesday...
Midair collision kills 67 people in the deadliest US air disaster in almost a quarter century
President Donald Trump told a White House news conference that no one survived.At least 28 bodies were pulled from the icy waters of the Potomac River after the helicopter apparently flew into the path of the American Airlines regional jet late Wednesday while it was...