Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade
Lloyd's of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the ...
International
Climate’s ‘Catch-22’: Cutting Pollution Will Accelerate Global Warming
Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate ...
Researchers Recommend Governments, Businesses Should Spend More on AI Safety
Artificial intelligence companies and governments should allocate at least one-third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI ...
Supply Chain Risk Heightened by Climate Threats
Since acute and chronic climate risks, like floods and droughts, threaten damage and disruption to supply chains across critical industries, including the semiconductor manufacturing sector, it's ...
UK Watchdog Fines Equifax $13.4M for Role in ‘One of Largest’ Cyber Breaches
Britain's financial watchdog said on Friday it had fined consumer credit rater Equifax Ltd. 11 million pounds ($13.4 million) for its role in "one of the largest" cyber-security breaches in history. ...
Israel to Provide $6B War Insurance Cover for Israeli Airlines
Israel's parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance ...
2023 on Track to Become Hottest Year on Record
This year is on track to become the hottest since at least 1940, the European Union's Copernicus Climate Change Service said on Thursday. Scientists have said climate change, combined with this ...
Antarctica’s Shrinking Sea Ice Hits Record Low, Alarming Scientists
At its largest expanse this year, sea ice covered less than 17 million square kilometers (6.6 million square miles) of the Antarctic — an area that is 1 million square ...
Average Annual Cat Losses Now $133B For Insurance Industry: Verisk
The average annual loss from natural catastrophes has increased to $133 billion, a new high, according to latest analysis using Verisk's extreme event solutions models.. The increase in losses, ...
New Lloyd’s Lab InsurTech Cohort to Focus on Climate, Cyber and Sustainability in Asia Pacific
Lloyd's has announced the 12 teams that will join the 11th cohort of the Lloyd's Lab, the InsurTech accelerator hub for developing innovative insurance products in the ...