Jérôme Haegeli, Swiss Re's Group Chief Economist, said,"The latest...
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Attack on Qatari LNG vessel in Hormuz challenges US mediation
Three separate attacks on ships would mark the highest number since...
Banks’ exposure to heat-related losses faces scrutiny in EU
Heat-related damage tends to be less straightforward to measure...
IMD identifies country’s various vulnerable weather hazards areas
IMD introduced, customised location specific forecast for offshore & onshore industries, airports, ports, Indian Air Force, Indian Oil corporation, Nuclear Power Corporation of India, marine weather forecast, cyclone forecast, heat wave forecast, thunderstorm...
Climate Risks: More than 450 people sue Japan govt seeking damages of 1,000 yen ($6) each
The case in Japan follows similar global lawsuits in which groups of individuals have attempted to hold governments or companies to account over climate action. At least 226 new climate cases were brought in 2024, according to a June report from the Grantham Research...
Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide clean electricity and heat crucial for meeting net zero goals, and is expected to make up a sizable share of Germany’s future heating needs. But the big upfront costs needed for drilling can often exceed...
Surging travel insurance uptake among Indians:Niyo Data
Asian countries such as Thailand, UAE, Indonesia, and Vietnam continue to drive the highest volume of policies, primarily due to high travel frequency and affordable flight routes. Niyo, a global travel banking fintech, reported a jump in travel insurance adoption...
Passive Euthanasia: SC to meet parents of man in coma for over 12 yrs
A bench of Justices J B Pardiwala and K V Viswanathan perused a report containing Harish Rana's medical history filed by a secondary medical board of doctors from the All India Institute of Medical Sciences (AIIMS) and remarked "It is a very sad report. We cannot keep...
Along with insurers,100% FDI to be allowed for Pension Fund players
The measure for Indian insurers is an “enabler” that will help draw interest from global investors in the pension fund sector over time, said Sivasubramanian Ramann, chairman of the Pension Fund Regulatory and Development Authority New Delhi: India’s move to lift...
Lok Sabha passes SHANTI Bill to modernise, open up nuclear energy sector for private participation
The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the Central Government...
SEBI announces major market reforms; slashes mutual fund and brokerage costs
A major reform announced by the Board relates to mutual fund expenses. The market regulator approved a comprehensive overhaul of the Mutual Fund Expense Ratio framework, including a reduction in base expense ratio limits across categories Mumbai:The Securities and...
Capital infusion has helped 3 PSU general insurance cos to improve their business performance, says Sitharaman
``The capital infusion was meant to build their business and strengthen them. So as a result of these, the performance of all these companies has started improving and their losses have come down. In fact, two of the three companies in which capital was infused have...
Cyber crimes surge over 60 pc in last three years: Centre
Minister of State (MoS) for Home Affairs Bandi Sanjay Kumar said that more than Rs 7,130 crore has been saved since 2021 through timely reporting on the Citizen Financial Cyber Fraud Reporting and Management System, covering over 23.02 lakh complaints. Additionally,...