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Roots Automation Introduces InsurGPT -an advanced generative AI model for insurance
InsurGPT utilizes a deep corpus of insurance specific data and...
Powerful Cyclone Mocha makes landfall in Myanmar, tearing off roofs and killing at least 3
Titon Mitra, the U.N. Development Program representative in...
US court weighs Cancer claims against Monsanto’s Roundup
The U.S. Environmental Protection Agency in September 2017 concluded a decades-long assessment of glyphosate risks and found the chemical not likely carcinogenic to humans. The World Health Organization’s cancer arm in 2015 classified glyphosate as “probably carcinogenic to humans.”
Apple, and Swiss Re collaborate to accelerate Renewable Energy Development in US
“At Apple, we’re proud to power all of our operations around the world with 100 percent renewable energy,In the process, we’ve charted a course for other companies and organizations to purchase renewable energy and transition their own operations to greener power. The collaboration announced today shows how companies of all sizes can address climate change by coming together, ” said Lisa Jackson, Apple’s Vice President of Environment, Policy and Social Initiatives
MSIG Insurance-Plug&Play partnership to promote innovation through Startups
“Customers’ expectations of insurance are changing as technology plays a more important role in their day-to-day lives. Our partnership with Plug and Play is one of the ways for us to stay on top of this change and explore ways to serve our customers and partners better,” said Philip Kent, Executive Vice President, Planning and Chairman, Digital Taskforce Asia.
Earth heading towards irreversible “hothouse” state: Study
“Human emissions of greenhouse gas are not the sole determinant of temperature on Earth,” said Will Steffen from the Australian National University. “Our study suggests that human-induced global warming of two degrees Celsius may trigger other Earth system processes, often called “feedbacks,” that can drive further warming – even if we stop emitting greenhouse gases,” said Steffen, lead author of the study published in the journal PNAS.
Indonesia quake kills 82, leaves hundreds wounded
Indonesia, which straddles the Pacific’s “Ring of Fire,” is prone to earthquakes and volcanic eruptions. In January, a magnitude-6.1 earthquake struck off the southern coast of Java, Indonesia’s main island, rocking buildings in the country’s capital, Jakarta, and sending people fleeing into the streets.
In December 2004, a magnitude-9.1 earthquake off Sumatra set off a tsunami that killed 230,000 people in a dozen countries.
Dust from Sahara Desert Moves West, Puts Brakes on Atlantic Hurricanes
The dust, a marker for dry air, has spread out across the Atlantic and “that is really tamping down on the thunderstorm activity that we would typically see at this time of year,” said Jeff Masters, co-founder of Weather Underground in Ann Arbor, Michigan.
Atlantic Hurricane Season had early start, but fewer Storms Are Expected
Twelve named storms are likely to form in 2018, fewer than last year’s 17 and below the 1981-2010 average, according to a forecast Thursday from Colorado State University. That reduces the chance of Gulf of Mexico disruptions for energy and agriculture. But the outlook is a slight increase from July’s 11 and comes as the Atlantic Basin is about to enter its most active period.
Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors
Softbank’s Vision Funds’ big investments in firms like Uber or WeWork, leaders of the so-called “gig economy” mean that insurance acquisitions are particularly suited to its portfolio. Softbank founder Masayoshi Son has said he sees “insurtech” as a way to cross-sell to customers of his other companies.
Hong Kong Insurance Market attracts Mainland Chinese seeking lucrative pay
Agents say Hong Kong insurance provides more comprehensive and higher protection for health issues than mainland products. And insurance savings products denominated in Hong Kong or U.S. dollars are also seen as attractive investments for hedging against falls in the yuan.
UK’s Financial Services Exports highlight need to keep Post-Brexit access: Officials
Britain has proposed EU market access based on a more accommodative version of the bloc’s trade regime known as equivalence.Equivalence is used by Japan and the United States, to grant access if Brussels deems that a foreign country’s rules are aligned with to its own.