Gartner's key predictions include a significant increase in...
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DGCA says no ‘major safety concerns’ on Air India’s Boeing 787 fleet
It advised the airline to strengthen internal coordination across...
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...
US Cyber insurers see favorable premium growth, Results in 2023: Fitch
Rising policyholder awareness of the multi-faceted cyber threat continues to boost demand for coverage. Rapid recent premium growth and a reduction in claims experience in 2022 led to a strong recovery in results for the US Cyber insurance line following two...
Pune court convicts 11 accused in Cosmos Bank cyber fraud case
As per the case details, hackers stole information of the Cosmos Bank's VISA and RuPay card customers through a malware, attacked the SWIFT system (a vast messaging network banks used by financial institutions) and siphoned off more than Rs 94 crore on August 11 and...
ChatGPT may put corporate secrets at risk, report says
The widespread adoption of new AI chatbots and writing tools could leave companies vulnerable to data leaks and lawsuits, said the report. The fear is that the chatbots could be exploited by hackers to access sensitive corporate information or perform actions against...
High heatwaves in India and Pakistan caused a decline in crop yields in 2022: WMO
''Heatwaves in the 2022 pre-monsoon season in India and Pakistan caused a decline in crop yields. This, combined with the banning of wheat exports and restrictions on rice exports in India after the start of the conflict in Ukraine, has threatened the availability,...
Tesla wins key car crash trial involving Autopilot
Justine Hsu, a resident of Los Angeles, sued the electric-vehicle maker in 2020, saying her Tesla Model S swerved into a curb while it was on Autopilot and then an airbag was deployed "so violently it fractured Plaintiff's jaw, knocked out teeth, and caused nerve...
WHO launches Health Inequality Data Repository
The Health Inequality Data Repository (HIDR) includes nearly 11 million data points and consists of 59 datasets from over 15 sources. The data include measurements of over 2000 indicators broken down by 22 dimensions of inequality, including demographic, socioeconomic...
Australia’s Optus hit with class action over cybersecurity breach
The class action members want compensation for the time and money required to replace identity documents and for distress, frustration and disappointment caused by the breach. The release did not specify an amount. Claimants include a stalking victim who fears her...
Scorching temperatures hit Asia’s power grids, raise region’s health risks
While this time of year is typically the hottest for India and parts of Southeast Asia, the soaring temperatures continue a pattern of severe weather over the past several years that’s testing the ability of governments to protect public health and prevent disruptions...
EU proposes $1.2 billion plan to counter growing cybersecurity threats
“The EU Cyber Solidarity Act will strengthen solidarity at Union level to better detect, prepare for and respond to significant or large-scale cybersecurity incidents, by creating a European Cybersecurity Shield and a comprehensive Cyber Emergency Mechanism,” the EU...
Global Nat Cat economic losses reach $77 Billion in Q1 2023, the highest Q1 total in 12 years, Gallagher Re
Public and private insurance entities covered at least an estimated $22B of that total, resulting in a 72% or $55B protection gap, the portion of the economic loss not covered by insurance The February earthquake sequence in Turkey and Syria accounted for an estimated...