Non-Life

Equifax’s $700 million data breach settlement includes $300 million for consumers

International News       Jul 22, 2019

Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.   The largest-ever settlement for a data breach draws to a close multiple probes into Equifax...

Odisha received 26.3% deficit rainfall till July 19

Indian News       Jul 21, 2019

Bhubaneswar: Odisha has received 26.3 per cent deficit rainfall during this monsoon as 21 of the state's 30 districts recorded less than the normal precipitation till July 19, state Revenue and Disaster Management Minister Sudam Marandi told the Assembly Saturday.   Speaker S N Patro had...

Private insurance firms got Rs 46 crore premium in 2 years, paid Rs 7 crore in claims to railway passengers: RTI

Indian News       Jul 21, 2019

NEW DELHI: Private insurance companies received a premium of around Rs 46 crore in the last two years from railway and its passengers while making a payout of only Rs seven crore in claims under the national transporter's travel insurance scheme, an RTI has found.   ...

Boeing Creates $50M Crash Victims’ Fund

International News       Jul 19, 2019

Seattle: Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest...

ICICI Lombard General net profit at Rs 310 cr, up 7.1 %, in Q1 FY2020  

Indian News       Jul 19, 2019

  Mumbai: The profit after tax (PAT) of ICICI Lombard General Insurance, the largest private sector geneeral insurer,  grew by 7.1 per cent to Rs 310 crore  in Q1 FY2020 as against  Rs 289 crore in Q1 FY2019.   The company's profit before tax (PBT) grew by7.2...

DGCA found safety management system of 5 airlines deficient: Govt

Indian News       Jul 17, 2019

  NEW DELHI: Aviation regulator DGCA has conducted safety audits of Air India Express, SpiceJet, AirAsia, IndiGo and GoAir and it found the implementation of their safety management system "to be deficient", the government informed Rajya Sabha Wednesday.   Civil Aviation Minister Hardeep Singh Puri said the...

Government to prepare national data on unorganised sector

Indian News       Jul 17, 2019

  NEW DELHI: Shrinking of unorganised sector is a "positive" indicator of development and the government will prepare a separate data on unorganised workers in India, Labour and Employment Minister Santosh Kumar Gangwar told the the Rajya Sabha on Wednesday.   The government has taken several measures...

Freak weather poses new risk to India's renewables goals

Indian News       Jul 17, 2019

  New DelhI: India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather.    Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins. A storm...

More than one in 10 firms losing over $10 million due to cyberattacks:Willis Towers Watson

International News       Jul 17, 2019

  ASIA: Annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million —according to a new report from   The Cybersecurity Imperative, a global thought leadership program produced by independent researcher ESI ThoughtLab...

Shipping firms begin hiring unarmed guards for voyages in Middle East Gulf

International News       Jul 17, 2019

Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said.   Relations between Iran and the West are increasingly strained after Britain seized an Iranian tanker...

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