Risk Management
Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 – Aon report
Chicago: Aon's Weather, Climate & Catastrophe Insight: 2018 Annual Report reveals that 394 natural catastrophe events in 2018 generated economic losses of USD225 billion. Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record....
France uses strict EU privacy law first time, fines Google 50 mn euros
Paris: France's data watchdog on Monday announced a fine of 50 million euros ($57 million) for US search giant Google, using the EU's strict General Data Protection Regulation (GDPR) for the first time. Google was handed the record fine from the CNIL regulator for failing...
L to R-CB Murli, CEO, AGCS, India , Sinéad Browne, AGCS Board Member and Chief Regions and Markets Officer for Asia Pacific Mark Mitchell, Regional CEO AGCS Asia Pacificat the lauch of AGCS's India reinsurance operations in Mumbai
AGCS opens reinsurance branch in India, targets EUR50 million premium over next 5 yrs
Mumbai: Allianz Global Corporate & Specialty SE (AGCS), dedicated carrier for corporate and specialty insurance business of German insurance giant Allianz SE, launched their new India reinsurance branch office in Mumbai on Monday and is targeting € 50 million premium over the next five years. ...
Delhi a 'gas chamber', better not to live in city, says SC about pollution
New Delhi: Delhi is a "gas chamber" where it’s difficult to live because of pollution and traffic congestion, said the Supreme Court on Friday, pulling up authorities for failing to improve air quality. "In the morning and evening, there is so much pollution and traffic...
A.J. Gallagher’s 'clean coal' business draws ire of green investors
BOSTON: Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co after a Reuters investigation into the company’s lucrative side-business in “clean coal”. A.J. Gallagher (AJG.N) has invested in 34 facilities producing so-called refined coal, which...
DGCA asks airlines to make extra checks on A320neo planes with P&W engines
New Delhi: DGCA asks airlines to make extra checks on A320neo planes with P&W enginesIndia's air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines as part of new safety protocols after temporary...
Headlights are passé: Luxury cars of the future will be illuminated with lasers
Most people don’t turn on their car’s headlights and think, I wish they were brighter. Shuji Nakamura is not most people. The Nobel Prize-winning illumination scientist has spent the past five years developing a laser-based lighting system. His company, SLD Laser, says the new design...
``Rising geopolitical and geo-economic tensions are the most urgent risk in 2019''
Mumbai: According to the the World Economic Forum’s Global Risks Report, rising geopolitical and geo-economic tensions are the most urgent risk in 2019, with 90% of experts saying they expect further economic confrontation between major powers in 2019. The report released on Wednesday said environmental...
World Bank Gr announces $50 bn over five yrs for Climate Adaptation & Resilience
WASHINGTON: The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is...
Pension Trustees seek corporate disclosure of Sexual Harassment Costs, Policies
A group of trustees from some of America’s biggest public pensions are calling on companies to detail costs related to sexual harassment and any measures they’re taking to address the problem. “We don’t see how it could possibly be accretive to corporate value to have...
