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AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance...
Cyberwarfare: China bombards Taiwan’s critical systems with millions of daily intrusions
Taiwanese officials have linked the activity to five Chinese...
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...
Climate change will lead to higher deaths in Europe, Study shows
Researchers found that if planet-warming carbon emissions continue to rise, higher temperatures would result in some 2.3 million extra deaths by 2099 across 854 European cities. As Europe gets hotter, more people are expected to die from extreme heat, outweighing the...
Passenger plane catches fire at South Korean airport. All 176 people on board are evacuated
The Airbus A321 jet caught fire near the cabin’s back seats, Korea’s transport ministry said A fire broke out on a plane operated by Air Busan Co. at a local airport in South Korea late Tuesday, with everyone on board evacuated. Flight BX391, departing from Gimhae...
British and American ships tentatively return to the Red Sea
Six ships linked to the US and UK have successfully transited the area without coming under attack since Jan. 19, when the Houthis said they would stop targeting vessels associated with those countries, according to the Joint Maritime Information Center, which...
Oceans are warming four times faster as earth traps more energy
Global ocean temperatures hit record highs for 450 days straight between 2023 and early 2024, which helped fuel massive hurricanes. While some of this warmth came from El Niño, the study showed that 44% of the record warmth was caused by oceans absorbing heat at a...
World’s richest people lose $108 bn after tech startup DeepSeek selloff
DeepSeek’s dark-horse entry into the AI race, which it says cost just $5.6 million to develop, is a challenge to Silicon Valley’s narrative that massive capital spending is essential to developing the strongest models. That delivered a serious blow to billionaires...