Following the insertion in 2016 of a class-action provision in the...
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Climate change: Hardly a burning issue for Indian voters
A detailed review of the election manifestos revealed that, except...
Worsening Weather: A $25 billion Market Opportunities
Most large and listed European companies are now required to...
Warming climate will displace millions in coming decades: World Bank
By 2050, 86 million “climate migrants” will be displaced in Sub-Saharan Africa, 40 million in South Asia and 17 million in Latin America — 143 million in all — according to the report, which the bank said was the first to address the question of migration spurred by climate change.
Climate change heightens key risks for P&C insurance, reinsurance sectors: Moody’s
“The effects of climate change on the frequency and severity of catastrophic events are difficult to predict, and the correlation of climate-exposed risks that span P&C (re)insurers’ balance sheets increases the magnitude of potential losses arising from the physical and transition risks associated with climate change,” James Eck, a Moody’s Vice President says
Finland tops 2018 global happiness index
“The U.S. is in the midst of a complex and worsening public health crisis, involving epidemics of obesity, opioid addiction, and major depressive disorder that are all remarkable by global standards,” the report said.
Foreign investors’ bearish stance continues in March; outflow at Rs 60 bn
“FPI outflows from Indian markets are a result of growing demand for the US dollar, coming from the expectation of an increase in the Federal rate. FPI may also be pulling funds from India to invest in other growing economies,” Harsh Jain, co-founder and COO at Groww said.
Health savings to outweigh costs of limiting global warming in India, China
Depending on the strategy used to mitigate climate change, estimates suggest that thehealth savings from reduced air pollution could be between 1.4-2.5 times greater than the costs of climate change mitigation, globally.Health costs from air pollution include medical treatment, patient care, and lost productivity.
Global cybercrime costs $600 bn annually: study
A report by the security firm McAfee with the Center for Strategic and International Studies found theft of intellectual property represents about one-fourth of the cost of cybercrime in 2017, and that other attacks such as those involving ransomware are growing at a fast pace
“Credit and political risk insurance market capacity up by 30 pc since 2015”
Since the global financial crisis (2007-2017), the market as a whole has experienced 438· claims made by banks and financial institutions, with 422 paid in full to the value of US$2.57bn. The largest values of claims handled by BPL Global have been on contracts covering Ukraine· (US$509bn), Russia (US$195bn) and Brazil (US$187bn), says the report.
Policy to scrap 15 yrs old vehicles almost finalised: Gadkari
As per an earlier proposal, a relief of about Rs 5 lakh was to be provided to people who purchase a new commercial vehicle of about Rs 15 lakh, if they surrender their over 15-year old commercial vehicles.
Transfer unclaimed deposits to welfare fund by March 1: Irda to insurers
“All insurers having unclaimed amounts of policyholders for a period of more than 10 years as on September 30, 2017 shall transfer the same to Senior Citizens’ Welfare Fund (SCWF) on or before March 1, 2018,” the Insurance Regulatory and Development Authority of India has said in a circular.
Airbus says one third of its Pratt & Whitney-powered A320neo jets have flaw
The European manufacturer has been forced to suspend deliveries of A320neos with Pratt engines, according to IndiGo, the Indian low-cost airline that’s the plane’s biggest customer. The disclosure of new problems with the Pratt engines late last week marks a blow for the A320neo, Airbus’s best-selling plane.