Long-Term Road Maps Are Top Enterprise AI Priority: Study
New survey research indicates long-term AI strategy is the top priority for enterprise AI decision-makers, according to global technology research and advisory firm Information Services Group (ISG)....
View ArticleAfter Slow 2023, M&A Activity Expected to Ramp Up This Year
More acquisition opportunities and continued competition across the market is expected in 2024, according to a new report, the “2024 Insurance M&A Outlook,” by Deloitte. Property/casualty mergers...
View ArticleLloyd’s of London Hits 35% Female Leadership Target
Lloyd’s of London has hit a short-term target of filling 35 percent of leadership roles with women, although less than half of firms in the commercial insurance market had hit the mark, it said on...
View Article5 Robotic Trends to Watch in 2024
Artificial intelligence is opening the door to increased use of robotics in a variety of industries, according to the International Federation of Robotics. “The five mutually reinforcing automation...
View ArticleGlobal Insured Nat Cat Losses Top $100B for Fourth Straight Year: Swiss Re
Global insured losses from natural catastrophes in 2023 exceeded $100 billion for the fourth consecutive year — an indication of the new norm for nat cat losses, according to Swiss Re. Other...
View ArticleWorst Taiwan Quake in 25 Years Kills at Least 7 With Dozens Injured
Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at least seven people and disrupting semiconductor production at some of the...
View ArticleCar Shipper Estimates $10M Loss From Baltimore Bridge Collapse
Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week’s U.S. Baltimore bridge collapse and expects the key ship channel to be closed...
View ArticleClimate Change to Cause $38 Trillion a Year in Damages by 2049
Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure,...
View ArticleBiggest Gold Theft in Canada’s History Leads to 9 Arrests
Police said nine people are facing charges in what authorities are calling the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago. Peel Regional Police said...
View ArticleLabor Organization Says Majority of Workers Around Globe at Risk Due to...
More than 70 percent of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization (ILO) said on...
View Article30% of Global Business Leaders Say Political Risk Is Their Biggest Threat
Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32 percent of U.S. leaders saying political risk is their No. 1...
View ArticleReport: Europe Is the Fastest-Warming Continent, at Nearly Twice the Average...
Europe is the fastest-warming continent and its temperatures are rising at roughly twice the global average, two top climate monitoring organizations reported Monday, warning of the consequences for...
View ArticleQ1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms:...
Global natural catastrophes cost insurers $17 billion during the first quarter of 2024, with economic losses rising above $45 billion, according to Aon’s Q1 Global Catastrophe Recap – April 2024. Q1...
View ArticleSeveral Million Euros’ of Jewels Stolen in Paris Armed Heist
Armed robbers who used a motorbike as a battering ram made off with “several million euros'” (dollars) worth of valuables in a heist of the luxury Paris boutique of self-declared “Jeweler to the Stars”...
View ArticleTokio Marine Forecasts ¥1 Trillion 2024 Profit; ‘Drastic’ Growth Ahead
In Japanese yen, the profit figure that Tokio Marine Holdings projects for 2024 is ¥1 trillion. While the forecast may seem less extraordinary in U.S. dollars of roughly $6.7 billion, either way it’s a...
View ArticleHigh Wind Warnings Ignored Before Deadly Mexico Stage Collapse
Warnings were issued well before a campaign event about high winds that caused a deadly Mexico stage collapse this week, raising questions about why those alerts went unheeded. Organizers didn’t cancel...
View ArticleU.S. Cyber Chief Sees ‘Very Aggressive’ Chinese Hacking Strategy
A top U.S. spy chief said China is increasingly using its companies to find vulnerabilities in their own computer networks and then tapping that knowledge to target foreign nations and industries....
View ArticleSocial Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief...
View ArticleQBE to Non-Renew $500M of North American Mid-Market Biz
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. Three...
View Article‘Healthy’ Workplace Key to Saving Billions Lost to Workplace Injuries, Illness
A new study published this week shows how the global economy could claw back billions of dollars lost each year due to workplace injuries and illness. In Australia, more than 500,000 employees sustain...
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