The danger had largely passed more than a day after the 8.8...
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South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest
“All the ingredients for a protest are in place — someone just...
Tsunami Warnings: All 10 most powerful earthquakes recorded in modern history located on the Ring of Fire
The Pacific region is highly prone to powerful earthquakes and...
Biden administration targets diabetes drug, blood thinner, others for Medicare price negotiations
The move is expected to cut costs for some patients but faces litigation from the drugmakers and heavy criticism from Republican lawmakers Washington DC: The Biden administration on Tuesday released its list of 10 prescription medicines that will be subject to the...
Removing Fukushima’s melted nuclear fuel will be harder than the release of plant’s wastewater
Managing the ever-growing volume of radioactive wastewater held in more than 1, 000 tanks has been a safety risk and a burden since the plant was wrecked by a massive earthquake and tsunami on March 11, 2011. The tanks are already filled to 98% of their...
El Nino likely to develop between Sept and Nov, Australian weather bureau says
“Sea surface temperatures (SSTs) in the tropical Pacific are exceeding El Niño thresholds and have continued to warm slightly over the last fortnight,” the bureau said in a statement on its website.Climate models indicate further warming of the central to eastern...
Munich Re launches parametric driven NatCatcover for small borrowers in India
``We worked with the insurers and launched product that pays if the event happens and the trigger is met. This expedites the payout and the small borrowers receives money in real time of need. This addresses the bottom most section of the Pyramid,’’ said Hitesh Kotak,...
“Munich Re is committed to support Indian insurance industry, to bring in new products and solutions to the market’’
Growing its business fast, Munich Re, the largest global reinsurer,has emerged as one of the key Foreign Reinsurance Branche(FRB) in India. Hitesh Kotak, Chief Executive, India, Middle East and Africa, Munich Re,in an interview with Asia Insurance Post, outlines his...
World needs to move beyond cyber security to cyber immunity: Kaspersky Labs CEO
“In an age where technology can be used by good guys and bad guys alike, traditional cyber security is no longer enough. We need to revolutionise our defences to ensure we create a more secure digital world,” Kaspersky Labs CEO Eugene Kaspersky Bali (Indonesia): As...
India on track for lowest monsoon rains in 8 years -sources
"El Niño dampened rainfall in August, and it will also have a negative impact on September rainfall," said a senior official at the India Meteorological Department (IMD) New Delhi: India is poised for its lowest monsoon rains in eight years, with the El Niño weather...
Climate change compensation could eat up 44% of global corporations profit: Study
Earlier this year, the European Union enacted rules that would eventually require firms to disclose carbon emissions and the United States Securities and Exchange Commission and the state of California are looking at similar regulations The world’s corporations...
Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
Nirmala Sitharaman,Union Finance Minister Some of the features of PMJDY are, one Basic Savings Bank Deposit (BSBD) account to every unbanked adult, overdraft limit of Rs 10,000, and a free Rupay debit card with inbuilt accident insurance cover of Rs 2 lakh (Rs 1 lakh...
Millions of carbon credits generated by overestimating forest preservation: Study
Carbon credit markets have exploded in recent years. Over 150 million credits originated from voluntary REDD+ projects in 2021, with a value of US USD 1.3 billion. Some companies use carbon offsetting to claim progress towards ''net zero'' while doing little to reduce...