It advised the airline to strengthen internal coordination across...
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Air India’s Ahmedabad crash claim likely to hit around $475 million, liability losses can touch $350 million, says GIC Re
As surveyors and lawyers from London, appointed by reinsurers of...
Iran-Israel war could hurt exports; increase insurance costs: Exporters
"The war will further hurt global trade. The situation was...
Exec tells first UN council meeting that big tech can’t be trusted to guarantee AI safety
Jack Clark, co-founder of the AI company Anthropic warned of "potential threats to international peace, security and global stability" from two essential qualities of AI systems – their potential for misuse and their unpredictability "as well as the inherent fragility...
Morgan Stanley moves 200 technologists out of China on data law – Bloomberg News
The U.S. views the new counterespionage law as a potentially harmful to U.S. firms Morgan Stanley is shifting more than 200 technology developers out of China after the country tightened access to cache of data stored onshore, Bloomberg News reported on Tuesday,...
Ukraine cargo insurance policy suspended after Russia quits grain deal -Marsh
"It is currently on pause," said David Roe, head of UK cargo at Marsh, which acted as the facility's broker LONDON: A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit the United...
Above-average global natural catastrophe insured losses reach estimated $52 billion in H1 2023: Gallagher Re
For all perils, the US accounted for 76% of all global insured losses. Thunderstorms in Europe during June also brought a billion-dollar insurance bill to parts of Germany and France “Governments and private organizations are accelerating their investments to help...
Higher losses during disasters due to abysmally low insurance cover of 8%: SBI Report
The losses due to the ongoing floods in the north is the range of Rs 10,000-15,000 crore as the calamity has severely hit Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Rajasthan, J&K and Delhi. Himachal alone would have lost Rs 3,000-4,000 crore by way of...
Global rules leave Crypto firms with no place to hide: G20 Watchdog
The European Union has already approved the world’s first comprehensive set of rules for cryptoasset markets, but the FSB’s ‘global baseline’ minimum standards are designed to accommodate jurisdictions that want to go further Globally agreed rules leave crypto firms...
Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal
Hundreds of claims have also been filed by holders of Credit Suisse’s Additional Tier 1 bonds – which were all written down to zero – claiming compensation A group of Credit Suisse AT1 bondholders has also filed a class action suit accusing former executives at the...
Google AI health chatbot passes US medical exam: Study
To identify and cut down on "hallucinations" -- the name for when AI models offer up false information -- Google said it had developed a new evaluation benchmark Google's artificial intelligence-powered medical chatbot has achieved a passing grade on a tough US...
Losing weight right way, eating better and exercising more lowers the risk of heart disease
Eating better and exercising more leads to weight loss that lowers the risk of heart disease rather than skipping meals and taking diet pills. The study is the first to compare weight-loss strategies and results in the context of the American Heart Association's...
Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million
Indicating the rising stress level among individuals, a Transunion Cibil report last week said delinquencies in the credit card portfolio of banks have been rising and have jumped by 66 basis points to 2.94 per cent in March 2023. Credit card spending has hit a record...