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Maritime insurance premiums surge as Iran conflict widens,in some cases by more than 1,000%
Analysts at Jefferies estimated on Thursday that potential industry...
EU countries give final approval to 2040 climate target for 90% emissions cut
In practice, the target will require an 85% emissions reduction...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...
Clinical trials of medicines often done in poor countries, says SC
The top court had said clinical trials in the country must be for the help of people in the country and not be allowed for the benefits of multinational companies New Delhi: Observing clinical trials of medicines and vaccines were often carried out in poor countries,...
A milestone in biotechnology research: PM Modi unveils genome sequencing data of 10,000 Indians
"It will facilitate advancements in the treatment of genetic and infectious diseases, foster the development of new medications and precision medical techniques, and enable research into the lifestyles and habits of diverse communities," Prime Minister Narendra Modi...
SIP inflows in India cross Rs 26,000 crore mark for 1st time in December: AMFI
Along with the SIP, mutual fund (MF) folio also surged to 22.50 crore in December, from 22.02 crore in the previous month. New Delhi: Monthly systematic investment plans (SIPs) surpassed the Rs 26,000 crore mark for the first time in the month of December, showcasing...
Equity fund inflows in India surge over 14 pc to Rs 41,156 cr in Dec
The AUM growth in B-30 (Beyond 30 cities) outpaced the top-30 cities during this period. The mutual fund industry's AUM has increased by more than Rs 37 lakh crore in the last four years New Delhi: Actively managed equity mutual fund inflows saw over 14 per cent...
Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the wildfire could be around $10 billion, "We expect a majority of the losses to be related to homeowners' coverage and a significantly lesser amount to commercial," it said U.S. private forecaster AccuWeather...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and 97% of insured losses. Around 11,000 people lost their lives as a result of natural disasters in 2024 – significantly fewer than the average. Non-peak perils are increasingly fuelling the trend of...
DPDP Act 2023: Insuring fines and penalties
While clarity on insurability of DPDP Act fines from an enforcement standpoint remains to be witnessed, insurance providers can play a vital role in managing risks and supporting businesses in their efforts to comply with data protection regulations The recently...
Sebi issues new guidelines for research analysts, investment advisers
The new norms encompass qualification standards, fee structures, deposit requirements, and client segregation protocols. Mumbai: Markets regulator Sebi on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers...
Lloyd’s CEO John Neal to join Aon as global Reinsurance CEO and chairman of climate solutions
John Neal Neal, after six years in Lloyd's as a CEO, will play an important role in delivering Reinsurance solutions to meet the evolving demands of today's dynamic marketplace. He will be based in London, reporting to Andy Marcell, CEO of Risk Capital for Aon, and...