International
Lloyd’s Reports Best First-Half Underwriting Profit Since 2007
The Lloyd's insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6 percent increase from the £3.9 billion (US$5.1 billion) reported during H1 ...Sunk Superyacht Likely to Cost Insurers at Least $150M, Sources Say
Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by ...
New Accounting Rule Forces Change to How AM Best Ranks Top Reinsurers
The implementation of IFRS 17 accounting standards in the insurance industry has forced a modification to AM Best's annual ranking of top reinsurance groups for 2023, the rating agency said. IFRS 17 ...
Telegram CEO Held Over Alleged Failure to Stop Crime on App
Pavel Durov, the chief executive officer of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child ...
Mutating Mpox Virus Poses Challenges to Containment Efforts
Changes in the mpox virus are just the latest challenge facing disease trackers trying to contain an outbreak of the virus that's become a global health emergency. The surge of cases is centered in ...
Global Study Finds Biometrics Top Cybersecurity Choice to Combat Deepfakes
The risk of deepfakes is on the rise with almost half of organizations (47 percent) reportedly encountering a deepfake already, according to a new study by iProov, a biometric identity provider, ...
Five Takeaways After 13 Month Global High Temperature Streak Ends
After 13 months of what felt like an endless breaking of heat records, the streak came to an end last month — just barely. The European climate agency Copernicus said last week that July 2024's ...
Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report
Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers' credit profiles, according to credit agency Morningstar DBRS, in ...