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State Bank of India reports cyberattack involving nearly 3,900 customer records
SBI is investigating the breach after a preliminary analysis identified nearly 4,000 records containing customers’ personal information, the bank said in an exchange filing Wednesday. About 375,000 records available on the dark web were analyzed as part of the initial...
Moody’s launches Casualty Risk Intelligence Group, to contribute insights for global casualty (re)insurance market
The casualty industry faces increasing complexity, ranging from longstanding tort exposures and mass litigation to emerging risks such as artificial intelligence liability, as firms navigate a rapidly evolving landscape. Against this backdrop, casualty (re)insurers...
French riots seen as insurance test before new regime kicks in
The damage wrought cross France by the recent street riots will demonstrate the extent of current insurance coverage, just months before a new state-backed system kicks in, according to DBRS Morningstar analysts. The damage wrought cross France by the recent street...
Sanjay Lalla to head EASE project for PSU general insurers
The proposed EASE framework could provide a common reform roadmap for public sector general insurers, with a focus on improving productivity, strengthening governance, modernising technology platforms and enhancing customer service. Its effectiveness, however, will...
CyberCube adds Sompo Japan Insurance to growing list of Asian clients
Sompo Japan Insurance has spent the past several years building its cyber capabilities, developing a tailored cyber offering for its core Japanese market. To support this continued growth, Sompo Japan Insurance has selected Account Manager, CyberCube's single-risk...
French violence raises alert as protests flare across Europe
Damage from the unrest will cost “hundreds of millions of euros” to repair, according to Alexandre Bompard, chief executive officer of grocer Carrefour SA and also the head of the French trade and distribution federation. He said in a Sunday interview on LCI that...
AI agents can pose insider security risks even without being hacked: Microsoft
Microsoft warned that AI agents increasingly have access to sensitive corporate data, tools and systems, allowing them to make decisions and take actions in critical business processes.The warning comes as companies increasingly use AI agents to automate business...
Nearly 70% of passenger vehicles sold in India are utility vehicles as SUVs drive growth
JM Financial noted that the utility vehicle segment had continued to outperform the broader passenger vehicle market. The growing share of these vehicles has become a key feature of the industry's recent performance. New Delhi: Nearly seven out of every 10 passenger...
Delhi tribunal awards Rs 2.55 crore to woman who lost her leg in accident involving truck
Presiding Officer Gunjan Gupta was hearing a claim petition filed by Reena and directed National Insurance Company Limited, the insurer of the truck, to pay Rs 2.55 crore with 9 per cent annual interest from February 22, 2025, within 30 days. New Delhi: A motor...
Trump suspends Russia sanctions, tariffs under Graham Act
President Donald Trump The measure gave Trump 30 days to impose 100 per cent tariffs on all goods from the top five buyers of Russian crude. It would also slap sanctions on numerous Russian entities and impose 500 per cent tariffs on all US imports of Russian energy...
Govt reconstitutes FSIB with 6 new bankers and insurers under chairmanship of former IAS officer Subhas Chandra Lal Das
The three experts for insurance companies are- Siddhartha Mohanty,former CEO & MD, Lide Insurance Corporation, Neeja Kapur, former CMD, New India Assurance, T. L. Alamelu, former WTM (Non-Life), IRDAI. New Delhi:The Centre on Friday has reconstituated the...
Rogue AI agents broke into Indian firms’ live systems, government says
The disclosure brings India into a growing global debate over how AI companies test models with advanced hacking abilities. OpenAI said in July its models went rogue during testing and breached a startup, while Anthropic has disclosed at least four instances of AI...
IDBI Bank employees, pensioners service conditions protected under deal: DIPAM Secretary
"Under the share purchase agreement, the qualified parties have also agreed that the service conditions of existing employees will remain unchanged...Existing employees and existing pensioners should have no apprehensions, as their service conditions have been fully...
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...
FM expands alternative risk transfer solutions
Laurel Rudnick, chief underwriting officer, FM FM’s alternative risk transfer solutions are designed to work alongside traditional property insurance rather than replace it. By combining innovative risk financing options with FM’s scientific research, engineering...
“Please stay calm and do not panic”: Indian envoy Vipul issues message amid attacks in Saudi Arabia
The embassy's Thursday advisory cautioned that filming, publishing or sharing information related to missile and drone interceptions and their impact sites could expose individuals to legal liability under local rules. Riyadh: Indian Ambassador to Saudi Arabia Vipul...
Container Ship sinks in Strait of Hormuz as attacks ramp up
The total loss of a container ship like the GFS Pride is relatively rare, with just 33 such events between 2016 and 2025, according to insurance provider Allianz Commercial. The risks to all kinds of trade through the strait have risen sharply as Iran ramps up attacks...
Setback for TikTok as EU Court adviser backs Gatekeeper label
The case, the first involving the EU’s Digital Markets Act (DMA) to reach the Court of Justice of the European Union, is being closely watched by technology companies seeking clues on whether Europe’s courts will reinforce or limit regulators’ efforts to boost...