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Canada’s major banks limit functioning of AI Agents, Citing Risk
Several US banks have blocked or restricted unauthorized outside AI agents from accessing customer accounts or moving money. Earlier this month, Charles Schwab Corp. Chief Executive Officer Rick Wurster said his company is actively blocking unauthorized AI agents...
Barclays seeks insurance on more than $10B of AI funding
Banks frequently use credit risk insurance to hedge portfolios, alongside derivatives, outright loan sales and significant risk transfers. By sharing the risk of losses with insurers or investors, lenders free up regulatory capital that can then be used to bid for...
Right Cover: Why your 30s are ideal for Term Insurance
When choosing a life insurance company to buy a term plan, one should look at the quarterly claim settlement ratio over a period of few years, the average claim amount paid, and the percentage value of claims paid (total value of claims paid divided by the total value...
Japanese companies compensate users as cyberattacks buffet economy
Japanese Prime Minister Sanae Takaichi said the government planned to compile an emergency package of measures against cyberattacks by next week. Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet...
AI-discovered bugs may soon trigger fresh disruptions, cyber experts say
The outages that spread across government sites in Europe and elsewhere beginning on Wednesday happened after the discovery of weaknesses in PHP, a venerable programming language that powers a huge swath of the internet. Operators have been rushing to fix their...
Maharashtra govt makes display of treatment rates in Marathi, English mandatory at pvt hospitals
Maharashtra Health Minister Prakash Abitkar noted that this decision is expected to bring much-needed relief to citizens by ensuring transparency, accountability, and clarity in healthcare billing across private medical institutions in the state. Mumbai: In a major...
Cabinet approves ₹53,428 crore Social Assistance Scheme, amends disability Pension norms
The benchmark disability requirement for availing of the pension has been reduced from 80 per cent to 40 per cent. The minimum age criterion has also been removed, making persons with disabilities eligible for assistance from birth. New Delhi: The Union Cabinet on...
SC directs centre and state govts to link accident, vehicle, insurance databases within 4 weeks
The Supreme Court directed the Centre and states to complete the integration "within four weeks from today positively" and file compliance reports, along with details sought in its previous orders, through affidavits.The directions came as the top court examined...
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