The UK's National Cyber Security Centre has urged organisations deploying autonomous AI agents to put robust safeguards in place, warning that systems can carry out unintended or malicious activity when they do not behave as expected.

Climate change could cost London’s economy up to £36bn a year by the 2050s without further adaptation, according to a report published by the Mayor of London and London Councils. It estimates annual climate-related damage of between £16bn and £36bn, equivalent to around 3% of London’s economy. The estimate covers potential disruption to businesses, lost working hours and productivity, pressure on services and damage to essential infrastructure.

NorthStandard has joined the Sustainable Shipping Initiative. The insurer will focus on the SSI’s Human Risk and Resilience platform, with the goal of strengthening efforts to ensure seafarers have safe, secure and rewarding careers rather than just meeting minimum compliance standards.

Insurity has partnered with Zurich-based software firm Radity to help insurance carriers and managing general agents modernise complex operations while reducing implementation complexity. The partnership combines Insurity’s cloud-based insurance technology with Radity’s expertise in engineering, systems integration, portal design, legacy modernisation and orchestration.

Munich Re Specialty has launched a specialist solution for owners, developers and contractors involved in large-scale tunnelling and underground infrastructure projects. Construction Rescue Insurance is designed to fund significant and often unforeseen rescue and crisis response costs following catastrophic underground incidents.

UK companies could face disruption from shocks to lithium supply chains in Chile, Argentina and Bolivia. Businesses exposed to batteries, electric vehicles, energy storage and other technologies reliant on critical minerals could see losses related to export restrictions, labour disputes, political intervention and infrastructure problems.