International
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 ...
U.S. Expected to Propose Barring Chinese Software in AVs
The U.S. Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the ...
Extreme Weather Sends Insured Losses 70% Above Historical Norms
Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70 percent above the 10-year average — as extreme wildfires, droughts and floods upend ...
CrowdStrike Outage Insured Losses Could Reach $1.5B
Global insured losses from last week's massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday. A software bug in cyber security firm ...
What Role Does Insurance Play in a Politically Charged Climate?
Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald Trump's 2024 election campaign. During the incident, the former president ...
GenAI Investment to Grow 30%, High Adoption Firms Expect 3x Higher ROI Over Next 3 Years
With modest GDP growth and stagnant budgets, organizations globally will find it necessary to reallocate funds from mature areas to support IT investments, according to Boston Consulting Group's ...
Parametric Insurance Increasingly Aids Farmers, Others Dealing With Extreme Weather
Joemar Flores, a spindly 28-year-old, gestured across his family's farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They're still ...