International
New Cyber Risk Report Highlights Rise in Automotive Data Exploitation
A newly released report points to a growing threat focused on automotive cyber attacks, according to VicOne, an automotive cybersecurity provider. Supply chains appear to be the major source of ...
All Eyes on Europe as World’s First AI Rules Set to Be Finalized
Hailed as a world first, European Union artificial intelligence rules are facing a make-or-break moment as negotiators try to hammer out the final details this week — talks complicated by the ...
UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms
While wildfires, severe storms and floods cause short-term impacts that often grab the world's attention, a drought that stretches over seasons or even years can be easier to overlook. Yet a new UN ...
CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe
CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of CFC Underwriting, will be exiting the company following the completion ...
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re. The ...
Governments Increasingly Will Foot Bill for Climate Risks as Insurers Exit: Report
As insurers start to pull out from markets battered by the fallout of climate change, governments are increasingly at risk of having to foot the bill, according to the Bank for International ...
Financial Services Firms Acknowledge ‘Awful’ Culture in UK Sexism Inquiry
Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in the industry, even after companies have made gains in the past five ...
Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk
Moody's RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between $2.5 billion and $4.5 billion. On the other hand, Verisk puts ...