George Attard, CEO for Reinsurance Solutions for APAC , Aon In the...
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Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met...
German reinsurers post profit falls after $1.9 billion Los Angeles fire claims
“The devastating wildfires in California are another example of how...
AI with 95% accuracy can steal passwords by ‘listening’ to keystrokes: Study
"The ubiquity of keyboard acoustic emanations makes them not only a readily available attack vector but also prompts victims to underestimate (and therefore not try to hide) their output," the study said "For example, when typing a password, people will regularly hide...
Defer implementation of NMC regulations making prescribing generic drugs mandatory: IMA to govt
The IMA said the ''biggest impediment to generic drugs is the uncertainty about their quality. The quality control in the nation being very weak, there is practically no guarantee of the quality of drugs and prescribing drugs without assured quality would be...
Shippers warned to stay away from Iranian waters over seizure threat as US-Iran tensions high
A U.S.-backed maritime group called the International Maritime Security Construct “is notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de- escalate. Vessels are being advised to...
Montana judge hands historic win to young plaintiffs in climate change case
The decision by Judge Kathy Seeley in Helena marked a major victory in the first youth-led climate case to reach trial in the U.S. and could set an important precedent for similar cases nationwide Montana is violating the rights of young people with policies that...
Indian tech industry leaders fast adopting GenAI, albeit with caution
Relying heavily on generative AI without the necessary checks and balances from a human expert to validate the results can lead to potentially unsafe and/or unethical or biased applications, Prabhakar Srinivasan, Director of Technology, AI/ML/Data Science at Synechron...
Toyota recalls around 168K vehicles over fire risk
"The subject vehicles are equipped with a plastic fuel tube which could move and rub against a brake line and develop a fuel leak. A fuel leak in the presence of an ignition source could increase the risk of fire," Toyota said in a recall notice SAN FRANCISCO:...
No compensation paid from Environment Relief Fund since 2019: Govt
Instituted under the Public Liability Act, 1991 (PLIA) in the wake of the Bhopal Gas Tragedy, the Environment Relief Fund's (ERF) primary purpose is to offer immediate relief to victims of accidents involving hazardous substances. The PLIA mandates industries handling...
There should be realistic green ratings to assess actual environmental impact of projects: RBI Governor
''Green flows today are dependent on ESG (Environment, Social, Governance) ratings. Recent research shows that these ESG ratings do not adequately reflect financial and non-financial materialities of these investments. Therefore, there is a need to ensure that 'green...
Lloyd’s of London leads insurers tightening Taiwan cover as conflict risks rise
“Availability of cover for Taiwan has got tighter,” said Crispin Hodges, head of trade and political risk with insurer Canopius, “We’ve been tightening up the wording to ensure that the policies reflect the underlying risk that we want to insure and there aren’t any...
IRDAI launches impact study on Risk Based Capital framework
This study holds paramount significance, as it provides the opportunity to comprehensively evaluate the potential impact on the capital and overall solvency of the insurers This framework would serve as a pivotal mechanism which would enable insurers to maintain an...