Boeing has identified a previously undisclosed 737 MAX software...
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Risk Management
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Climate Disasters: Shrinking funding & heightened risk of GLOFs
Himalayan glaciers are losing mass 65% faster than they were a...
“Maritime security emerges as a major challenge in the world today”
Former National Shipping Board member Captain Sanjay Parashar said...
Amit Shah stresses cybersecurity, announces 24/7 cyber surveillance for urban cooperative banks
"There is an increase in digital transaction frauds. The forensic science support is crucial for banking safety and collaboration with the National Forensic Science University (NFSU) is very crucial," Union Home and Cooperation Minister Amit Shah said while addressing...
Favorable insurance market conditions continue despite increasing risk complexity, Aon Report
"The most pronounced impacts are in Marine Hull & War, Marine P&I, Aviation, and Terrorism & Political Violence, where insurers are exercising greater underwriting discipline, repricing risk and placing increased emphasis on policy terms and conditions....
Proposed Hormuz deal would give Iran control of inbound traffic, sources say
Despite the apparent step towards yielding to Iranian demands, the sources pushed back against assertions by U.S. President Donald Trump that a deal reopening the strait was imminent, saying important details still had to be agreed. A proposed deal between Iran and...
Goldman Sachs, Talcott partner $1 billion Bermuda reinsurance sidecar for U.S. annuities
Under a quota share agreement, the sidecar will assume a portion of specific U.S. annuities originated by Talcott.Talcott will provide the sidecar with support services across actuarial, finance, compliance and risk functions. Talcott Financial Group and Goldman Sachs...
SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts
Seeking greater accountability, the bench asked the authorities to submit a report containing state-wise and bank-wise details of grievances registered and disposed of under the cyber fraud redressal mechanism.It further directed authorities to ensure the prompt...
War Risk Insurance: Preparing for a new Geopolitical Reality
Rising geopolitical tensions are turning war from a distant threat into a tangible business risk for Indian companies exposed to global trade, shipping and supply chains. With conventional insurance policies largely excluding war-related losses, businesses need to...
OpenAI finds evidence other AI agents escaped containment as it widens hacking probe
AI safety experts said the new disclosures paint a portrait of a group of cutting-edge labs whose ability to develop dangerous autonomous hacking agents outstrips their ability to keep them under control. OpenAI has discovered other instances in which autonomous...
Hackers hit Bitcoin’s safest hiding place in ongoing attack
Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Hackers have found a software flaw in a brand of “cold” Bitcoin...
US FAA certifies Boeing 737 MAX 7 in win for planemaker
Boeing has faced a more stringent certification process since two fatal MAX 8 crashes in 2018 and 2019, as well as scrutiny of the company's production and quality systems after a January 2024 mid-air cabin panel blowout on a nearly new Alaska Airlines MAX 9. The U.S....
Average cost of data breach in India hits record Rs 25 crore: IBM Report
"India's accelerating AI adoption is creating immense opportunities for innovation, but it is also enabling cyber threats to evolve rapidly. The findings underscore that organisations using AI and strong governance, were significantly better positioned to fend off...