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Marsh and Apollo design first-of-its kind insurance facility for Uber to accelerate autonomous ride-hailing
Autonomous Vehicle Insurance Program(AVIP) is underwritten by...
Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions
The other option is to receive oil from the Persian Gulf, but at...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re
Balz Grollimund, Swiss Re's Head of Catastrophe Perils, said: "Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country with...
Corporate America boosts security spending after UnitedHealth murder, filings show
“The number of customers requiring assessments and executive protection has increased 10 to 15 times the number prior to December 4,” said Glen Kucera, president at security services firm Allied Universal, which serves more than 80% of Fortune 500 companies U.S....
Power outage hits large parts of Spain and Portugal
Officials said the possibility that it was caused by a cyber attack had not been ruled out MADRID/LISBON: Spain and Portugal were hit by a widespread power outage on Monday that paralysed public transport, caused large traffic jams and delayed flights.Utility...
Solid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath
Gita Gopinath,Chief Economist,IMF IMF chief economist Gita Gopinath stated that “if we have to take a lesson from it, the reason that they had that resilience was that they built up good, solid monetary policy frameworks, the inflation targeting regime, maintaining...
A massive explosion at Iran’s largest port linked to missile fuel shipment kills 18, injures some 800
On Saturday night, the state-run IRNA news agency said that the Customs Administration of Iran blamed a stockpile of hazardous goods and chemical materials stored in the port area" for the blast, without elaborating. MUSCAT, Oman: A massive explosion and fire rocked...
UK polluting water bosses face up to two years in prison
The new measure delivers on the government’s promise to bring tougher criminal charges against lawbreakers in the water industry, UK’s Department for Environment, Food & Rural Affairs said in a statement. It’s essential “because some water companies have...
Britain’s M&S stops taking online orders after cyber attack
“Our experienced team – supported by leading cyber experts – is working extremely hard to restart online and app shopping,” the company said on X, apologizing for the inconvenience and stating that its stores remained open.Some M&S International operated websites...
Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re
Swiss Re's Chief Underwriting Officer Casualty Laure Forgeron said: "The global motor insurance market is both dynamic and rapidly evolving. At this moment, the introduction of new tariffs will have a material impact by increasing repair costs and putting supply...
US Treasury’s Bessent urges IMF, World Bank to refocus on core missions
"The IMF was once unwavering in its mission of promoting global monetary cooperation and financial stability. Now it devotes disproportionate time and resources to work on climate change, gender, and social issues. These issues are not the IMF's mission."U.S. Treasury...
World’s biggest companies cause $28 trillion in climate damage: Study
Everybody's asking the same question: What can we actually claim about who has caused this? said Dartmouth climate scientist Justin Mankin, co-author of the study. And that really comes down to a thermodynamic question of can we trace climate hazards and/or their...