Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter November 20, 2024 By Jesús Aguado Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the...
Guy Carpenter to Acquire Athens-Based Reinsurance Broker Carpenter Turner November 19, 2024 Guy Carpenter, the reinsurance specialist and a business of Marsh McLennan, announced it has entered into an agreement to acquire...
FCA Says Ex-Barclays CEO Staley Misled it Over Epstein Contacts During Probe November 19, 2024 Ex-Barclays CEO Jes Staley gave misleading answers to Britain’s Financial Conduct Authority about his dealings with Jeffrey Epstein when it...
Flood Adaptation Preferable to Post-Disaster Rebuilding – And Helps With Insurability November 19, 2024 By L.S. Howard Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due...
Facebook Users Affected by Data Breach Eligible for Compensation: German Court November 19, 2024 A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible...
Australia Hardware Chain Breached Privacy With Facial Recognition Tool, Regulator Says November 19, 2024 Wesfarmers-owned Bunnings, the country’s biggest home improvement chain, breached the privacy of thousands of customers by using facial recognition technology...
Finland and Lithuania Report Severed Undersea Data Cables November 19, 2024 By Leo Laikola, Kati Pohjanpalo and Milda Seputyte An undersea data cable connecting Finland and Germany was cut in the early hours of Monday by what was likely...
Spain’s Record-Breaking Floods Push Insured Losses Above €4 Billion ($4.2 Billion) November 18, 2024 Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating...
Shadow Banks to Face Reins on Leverage Following Watchdog Probe November 18, 2024 By Laura Noonan Global watchdogs will move to rein in leverage at non-banks early next year, the Financial Stability Board promised on Monday,...
Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance November 18, 2024 By Samuel Stolton Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook...