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Cloudbursts landslides in Uttarakhand 6 killed 11 missing
Uttarakhand has been hit hard by natural calamities this monsoon...
Global reinsurance results very strong in 1H25, Revenue growth is slowing: Fitch
Fitch expects competition to intensify as supply outpaces demand,...
Equity benchmarks’ record run continues; Nifty nears 21,000 points
"During the medium-term, in the run up to the general elections, the market is likely to move up aided by three factors -- expectations of political stability after the elections; favourable domestic macros like strong GDP growth, declining inflation, stable interest...
German firms diversify in Asia to reduce China risk – survey
Firms are building supply chains that are independent of China, shifting some operations away from the country and growing markets elsewhere in Asia, according to the survey of 566 companies conducted between Sept. 5 and Oct. 6 Nearly half of German companies...
War risk insurance rates edge up after surge in Red Sea ship attacks
Insurance industry sources said that war risk premiums had stayed firm on Monday at between 0.05% to 0.1% of the value of a ship, from around 0.03% estimated last week before the attacks. This translates into tens of thousands of dollars of additional costs for a...
Aon’s first-of-its-kind collaboration with AfDB and AI startup to catalyze regenerative agriculture in Africa
The collaboration intends to leverage first-of-its-kind, farm-level data produced by Amini that is intended to enable Aon’s support of the African Development Bank’s Africa Climate Risk Insurance Facility for Adaptation to develop innovative de-risking solutions and...
‘ Tamil Nadu has received historic rainfall but damage less than previous times” says CM Stalin on effect of Cylone Michaung
Chennai Airport has resumed operations after being temporarily shut down due to heavy rains that caused flooding and waterlogging on the runways, said an airport official Chennai: Amid destructions caused by Severe Cyclonic storm 'Michaung' in the state, Tamil Nadu CM...
Sensex surges beyond 69k mark as nifty rockets with 400-point rally: Investors’ wealth rises by Rs 2.4 lakh crore
Foreign portfolio investors acquired stocks worth Rs 2,073.2 crore, while domestic institutional investors remained net buyers in the last two sessions, purchasing stocks totalling Rs 4,797.1 crore, according to NSE data. Gold prices reached new highs in Monday's...
Centre plans to introduce cashless treatment of accident victims pan India
According to Road Transport and Highways Secretary Anurag Jain, it is envisioned to provide access to cashless trauma care treatment for road accident victims at the nearest appropriate hospital in the country, in accordance with the Supreme Court ruling, and by...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management, with Hong Kong, New Delhi, Shanghai, Singapore and Tokyo scoring high for culture of readiness Bangkok, Dhaka and Jakarta are poorly equipped to respond to flood, while New Delhi and Dubai are...
AM Best revises outlook on India’s Non-Life Insurance segment to stable
The Best’s Market Segment Report, “Market Segment Outlook: India Non-Life Insurance,” notes that factored into the outlook revision are recent regulatory shifts that have allowed for increased and new investments in Indian insurers by multinational players and direct...
Hillary Clinton at COP28 climate talks calls for insurance reform
Former U.S. Secretary of State Hillary Clinton “We need to rethink the insurance industry,” Former U.S. Secretary of State Hillary Clinton said during a panel on women and climate resiliency. “Insurance companies are pulling out of so many places. They’re not insuring...