“Data available with us does not reflect the occurrence of a...
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APAC records significant rise in cyber claims driven by rising frequency and sophistication, Aon report
“As cyber threats grow more complex and interconnected, companies...
Wildfires and severe thunderstorms in the US drive global insured losses to $80 billion in first half of 2025
The wildfires that swept through parts of Los Angeles County in...
32 European major media groups sue Google for $2.3 bln
“The media companies involved have incurred losses due to a less competitive market, which is a direct result of Google’s misconduct,” a statement issued by their lawyers Geradin Partners and Stek said BRUSSELS: Alphabet’s Google was hit with a 2.1-billion-euro ($2.3...
Meta targeted in privacy complaints by EU consumer groups
"Surveillance-based business models pose all kinds of problems under the GDPR and it's time for data protection authorities to stop Meta's unfair data processing and its infringing of people's fundamental rights," Ursula Pachl, deputy director general of the European...
US says to investigate national security data risks from Chinese vehicles
"China's policies could flood our market with its vehicles, posing risks to our national security," President Joe Biden said in a statement. "I'm not going to let that happen on my watch." The Commerce Department will seek comments for 60 days on the potential risks...
Globally, 1 accident reported for every 1.26 mn flights operated in 2023: IATA
Releasing the data, the International Air Transport Association (IATA) on Wednesday said there were no hull losses or fatal accidents involving passenger jet aircraft in 2023 New Delhi: There was one accident for every 1.26 million flights operated globally in 2023...
Supply chain strains set to weigh on aviation industry bounce-back
"The previous supply concept was probably 'just in time'; I order when I need it. This is over. We have to carry more resiliency than ever in terms of our operations, including a higher level of standby aircraft and crew.That's one of the costs of uncertainty." said...
Biden issues executive order to better shield Americans’ sensitive data from foreign foes
US President Joe Biden The officials said activities like computer hacking are already prohibited in the US, but that buying potentially sensitive data through brokers is legal. That can represent a key gap in the nation's national security protections when data is...
Munich Re sees positive environment in upcoming April and July renewal rounds
``2023 was another successful year for Munich Re. With the exception of systemic risks – such as cyber and pandemic – our appetite for covering existential risks for people and enterprises is far from exhausted, '' said Joachim Wenning, Chair of the Board of...
Govt involvement necessary to manage rising global CAT and Cyber risks: Munich Re
The private sector cannot provide cover for the greatest systemic cyber risks, such as the failure of critical infrastructure or cyber war. But a potential solution to this complex problem is a governmental backstop – a precautionary measure of last resort, Munich Re...
Houthi attacks has led to an “environmental disaster” in the Red Sea, US says
The Houthi assaults have continued despite waves of airstrikes by the US and the UK The missile attack by Houthi militants on a ship carrying a cargo of fertilizer has led to an “environmental disaster” in the Red Sea, US Central Command said Friday evening. Hours...
Cyber Insurance: Heightened Indian Risk
Cyber insurance premium costs have increased by over 50% over the past year. Several factors have contributed to the considerable increase in cyber insurance premium in India. This include the surge, sophistication and severity of cyber-attacks that have significantly...