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Risky business: Climate change turns up the heat on insurers, policyholders

Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.

Russia's Sberbank, enhancing AI offering, unveils second supercomputer

A second supercomputer and artificial intelligence (AI) upgrades form part of Sberbank's enhanced offerings of digital services such as cloud computing and virtual assistant software, Chief Technology Officer David Rafalovsky told Reuters on Wednesday.

Britain's OSB posts 8% rise in lending on strong housing demand

British lender OSB reported on Thursday an 8% increase in its underlying net loans for the nine months ended September and stood by its growth forecasts for the year, driven mainly by strong housing demand as the economy emerges from the pandemic.

Insurer Aviva says capital return and costs targets on track

British insurer Aviva is on track to return at least 4 billion pounds ($5.41 billion) to shareholders and meet cost saving targets, it said on Thursday, as activist investor Cevian pushes for higher returns.

Generali's 9-month profit beats expectations, has 1 bln euros left for potential M&A

Italy's top insurer Generali beat market expectations with its nine-month results on Thursday as its life and asset management segments performed well and said it has about 1 billion euros left to deploy as it continues to look at M&A opportunities.

Aegon, other insurers hit by U.S. COVID-19 deaths in third quarter

Dutch insurer Aegon NV reported a 16% fall in third- quarter operating profit on Thursday due to higher COVID-19 related mortality claims in the Americas, the latest European insurer to suffer from new waves of the pandemic.

Affirm expands Amazon partnership as buy now, pay later surge lifts revenue

Affirm Holdings Inc said on Wednesday it had expanded its partnership with Amazon and reported quarterly revenue above Wall Street estimates, boosted by growth in active consumers and merchants on its buy now, pay later (BNPL) platform.

ARK'S Wood not appearing to buy the dip in Tesla shares

Star stock picker and noted Tesla Inc bull Cathie Wood of ARK Invest does not appear to be buying the dip in shares of the electric car maker, which have fallen around 13% this week in anticipation of selling by co-founder Elon Musk.

Rivian valued at over $100 bln in debut, after world's biggest IPO of 2021

Shares of Rivian Automotive Inc surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world's biggest initial public offering this year.

U.S. airlines and Amazon join push to reduce aircraft emissions

Major U.S. airlines and Amazon.com's aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.