Competition in Artificial Intelligence Is Like New Space Race: Viewpoint January 2, 2019 By Leonid Bershidsky, Bloomberg Opinion It’s been another year of relentless artificial-intelligence hype and incremental AI achievement. Machines still beat humans only in carefully constructed...
Empty Oil Tanker Catches Fire Near Cyprus; Crew Members Treated for Burns December 31, 2018 A Maltese-flagged oil tanker caught fire and ran aground near a fishing village, forcing several crew members to jump overboard,...
Tropical Storm Usman Becomes Philippines’ 2nd Deadliest Weather Disaster in 2018 December 31, 2018 By Cecilia Yap Tropical Storm Usman, which entered the Philippines on Christmas Day, emerged as the deadliest weather disaster for the country this...
3 Men Convicted in Britain of Murder During Insurance Fraud December 31, 2018 Three men in Britain have been found guilty of murdering five people in an explosion as part of a plot...
Generali Hikes Stake in Indian Insurance Joint Venture to 49% from 25.5% December 31, 2018 Generali Group has finalized its agreement to increase its stake in its Indian insurance joint venture with Future Group to...
China Re Completes Purchase of Chaucer Holdings from Hanover Insurance December 31, 2018 China Reinsurance (Group) Corp. announced it has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. — the major...
Top Insurance Journal International Stories of 2018 December 31, 2018 By L.S. Howard Mergers & acquisitions drew a lot of interest from the readers of Insurance Journal’s International section in 2018 with 11...
Global Gender Pay Gap Improves Slightly but Will Take Many Years to Close: WEF December 28, 2018 By Krystal Chia The good news: The global gender gap has improved, slightly. The reality: Differences in economic opportunity, including pay between men...
New South Wales Hailstorm Triggers Australia Catastrophe Declaration December 28, 2018 The Insurance Council of Australia (ICA) last week declared a catastrophe following storms that caused extensive hail and water damage...
UK Watchdog’s Fines Against Insurers, Banks Drop by 75% in 2018 December 28, 2018 By Kaye Wiggins The total value of fines handed out by the U.K.’s Financial Conduct Authority fell by almost 75 percent in 2018,...