International
China’s EV Boom Saddles its Auto Insurers With Chronic Losses
China's giant electric vehicle insurance market is flailing. Losses are piling up, as companies' risk models haven't kept up with changes in vehicle economics and driver behaviors. The country now ...
UK Plans to Ban Public Sector Bodies From Paying Ransom to Cyber Criminals
Britain plans to ban public sector bodies and operators of critical national infrastructure, including the state-run health service, local councils and schools, from paying ransom demands to cyber ...
Cayman Islands Approves 21 New International Insurance Licenses During H1
The Cayman Islands Monetary Authority (CIMA), which represents the international insurance industry in the British overseas territory, reported that licenses have been approved for 21 new ...
London Market Brokers, Associations Welcome Move to Create UK Captive Domicile
The UK Chancellor of the Exchequer Rachel Reeves announced that the UK will introduce a captive insurance company regime – a decision that was welcomed by brokers and trade associations across the ...
UN Report Urges Stronger Measures to Detect AI Deepfakes
Companies must use advanced tools to detect and stamp out misinformation and deepfake content to help counter growing risks of election interference and financial fraud, the United Nations' ...
World Court to Issue Climate Change Opinion on July 23
The top United Nations court will issue a nonbinding opinion on July 23 regarding countries' legal obligations to combat climate change, a decision expected to be cited in climate change-driven ...
Report Says Heathrow Fire Caused by Preventable Technical Fault Known for Years
An electrical substation fire that shut down Heathrow Airport, canceling more than 1,300 flights, was caused by a preventable technical fault identified almost seven years earlier, a report found ...
A Review of Global Climate Lawsuits Against Fossil Fuel Companies
A German court ruled against a Peruvian farmer on Wednesday in a landmark case that claimed global warming, fueled by energy company RWE's historical greenhouse gas emissions, put his home at risk. ...