Insurance Business brings you a weekly news roundup from across the global insurance industry including:

Shock as AXA Insurance admits staging fake Tesla battery fire

Flooding and other water risks could cause US$5.6trn loss by 2050

Reinsurers shy away from natural catastrophe risks

Live events boom anticipated, as well as rise of new related risks – AGCS report

Lloyd's new cyber mandate spurs "grey area" fears

These stories and more on the Insurance Business website.