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IRDAI lowers capital of FRBs to Rs 50 cr from Rs100 cr, order of preference streamlined to 4 levels from 6

This comprehensive regulatory overhaul is strategically designed to position India as a prominent global reinsurance hub. The revised Order of Preference for International Financial Services Centre Insurance Offices (IIOs), coupled with simplified regulations and...
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Montana judge hands historic win to young plaintiffs in climate change case

The decision by Judge Kathy Seeley in Helena marked a major victory in the first youth-led climate case to reach trial in the U.S. and could set an important precedent for similar cases nationwide Montana is violating the rights of young people with policies that...
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Lloyd’s of London leads insurers tightening Taiwan cover as conflict risks rise

“Availability of cover for Taiwan has got tighter,” said Crispin Hodges, head of trade and political risk with insurer Canopius, “We’ve been tightening up the wording to ensure that the policies reflect the underlying risk that we want to insure and there aren’t any...
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WHO flags contaminated India-made syrup in Iraq

The United Nations agency in its medical products alert said the batch of the syrup, branded Cold Out, had higher than acceptable limit of contaminants diethylene glycol and ethylene glycol The World Health Organization on Monday flagged a batch of contaminated common...
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Data protection bill tabled in Parliament, will compel cos to review their current working ways

Enterprises will have to review the current ways of working, especially for personal data of employees, customers, merchants and vendors to honour their right to access, update and erase their personal data Non-adherence of obligation listed in the bill may attract...
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Centre extends PM crop insurance scheme registration deadline, August 10 last date in UP: Official

So far, more than 3 crore farmers across the country have registered for the PMFBY for 2023 Kharif season, according to the data New Delhi: The Centre has extended the deadline for registration under Pradhan Mantri Fasal Bima Yojana (PMFBY), with the last date for...
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India orders drugmaker linked to Cameroon cough syrup deaths to stop manufacturing

The move comes as Indian regulators step up inspections at drugmakers after cough syrups made in the country were linked to the deaths of dozens of children overseas, denting India's image as the "pharmacy of the world" New Delhi: The Indian government has ordered a...
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Possible Chinese malware in US systems a ‘ticking time bomb’: Report

"The Biden administration is working relentlessly to defend the United States from any disruptions to our critical infrastructure, including by coordinating interagency efforts to protect water systems, pipelines, rail and aviation systems, among others," said Adam...
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GIC-Re Golden Jubilee

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Metal-mining pollution impacts 23 mn people globally: Study

Sep 26, 2023

``Our new method for predicting the dispersal of mine waste in river systems worldwide provides governments, environmental regulators, the mining industry and local communities with a tool that, for the first time, will enable them to assess the offsite and downstream...

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Six of nine planetary boundaries now exceeded: Study

Sep 19, 2023

"Crossing six boundaries in itself does not necessarily imply a disaster will ensue but it is a clear warning signal. We can regard it as we do our own blood pressure," Katherine Richardson, professor at the University of Copenhagen in Denmark said. Human activities...

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