In this latest innovation, Brit’s Data Science team developed and overlaid a machine learning algorithm to access the ultra-high-resolution ariel images and data such that it pinpoints, color-codes, and displays properties by damage classification within days after a catastrophe event. This enables the Brit Claims team to proactively identify, triage and assign response activity even before claims are reported.

UN climate talks: Faint progress on money, none on pollution

Sep 21, 2021

World leaders made “faint signs of progress” on the financial end of fighting climate change in a special United Nations feet-to-the-fire meeting Monday, but they didn’t commit to more crucial cuts in emissions of the heat-trapping gases that cause global warming.In the meeting, vulnerable countries such as the Marshall Islands and the Maldives that are “staring down the barrel” of climate change were “pleading with the developed world to step up to the plate” to provide needed money for them to cope with warming’s impacts, said British Prime Minister Boris Johnson, who hosted the meeting with Guterres.

Investment consultants advising $10 trln in assets launch climate initiative

Sep 21, 2021

“The global transition to a net zero economy means asset owners have to develop their understanding of climate risks, think about changing pathways for their assets and exercise their stewardship rights,” said Luba Nikulina, global head of research at Willis Towers Watson.

“Investment consultants play a vital role in supporting asset owners on this journey and helping them increase their level of climate ambition.”

Biden sanctions cryptocurrency exchange over ransomware attacks

Sep 21, 2021

The Treasury Department accuses Suex OTC, S.R.O. of facilitating transactions involving illicit proceeds for at least eight ransomware variants, marking its first such move against a virtual currency exchange over ransomware activity.
Hackers use ransomware to take down systems that control everything from hospital billing to manufacturing. They stop only after receiving hefty payments, typically paid in cryptocurrency.

Attacks are increasing in scale, sophistication and scope, the Treasury said. In 2020 ransomware payments reached over $400 million, more than four times the level in 2019, Anne Neuberger, deputy national security adviser for cyber, told reporters on the call.

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