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Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the...
Google facing at least €12 Billion in civil claims across Europe
The civil suits are linked to a 2017 decision by the European...
UK sets out post-Brexit ‘reforms’ for banks, financial sector
The reform plans aim to make substantial legislative progress over the course of 2023 on repealing and replacing EU-era Solvency II –- the rules governing insurers' balance sheets which are expected to unlock over GBP 100 billion of private investment for productive...
Climate change & Disaster Risk: Investing in Nature-based Solutions
Nature-based solutions are defined by the UN Environnment Assembly resolution 5/5 as "actions to protect, conserve, restore, sustainably use and manage natural or modified terrestrial, freshwater, coastal and marine ecosystems which address social, economic and...
JPC members oppose proposal to reduce penalty amount in data protection bill
According to the bill, processing or transferring personal data in violation of the norms, is punishable with a fine of Rs 15 crore or 4 per cent of the annual turnover of the fiduciary, whichever is higher New Delhi: Several members of a parliamentary panel examining...
Munich Re and Swiss Re back Bajaj Allianz General to launch first-ever surety bond for NHAI projects on Dec 19
"The surety bonds will help in boosting the liquidity in the infrastructure sector by freeing the contractors working capital stuck in bank guarantees. Contractors can utilise these funds for growth of their business," said Nitin Gadkari, union minister, road...
Deep depression intensifies into cyclonic storm Mandous, IMD alert for Tamil Nadu, Puducherry, AP
"Light to moderate rainfall at most places with heavy to very heavy rainfall at a few places and extremely heavy rainfalls at isolated places very likely over north coastal Tamil Nadu, Puducherry and adjoining south Coastal Andhra and isolated very heavy rainfall...
Kerala govt releases revised action plan on climate change
Building disaster resilient infrastructure and strengthening institutional mechanisms for better disaster responses and raising incomes to bolster capabilities of individuals and communities to adapt to local impacts of climate change are important,'' said Kerala...
India could soon experience heat waves that break human survivability limit: World Bank report
''Up to 75 percent of India's workforce, or 380 million people, depend on heat-exposed labor, at times working in potentially life-threatening temperatures. …By 2030, India may account for 34 million of the projected 80 million global job losses from heat stress...
World Bank seeks to unclog Cat Bond jam in emerging markets
“Most of our transactions today have been either earthquake or hurricane,” said Bennett, referring to insured risks. “I think that will continue to be the largest, but certainly people are thinking about things like drought and flooding” Michael Bennett, head of...
Number of heart-related deaths rose more than sixfold during the COVID-19 pandemic: Africa’s biggest insurer
“Analysis of our annual claims data reveals a visible and concerning increase in the incidence of deaths associated with cardiovascular disease among our client base,” said Guy Chennells, head of product at Discovery Employee Benefits, in a separate statement. There...
U’Khan HC imposes Rs 50,000 fine on Facebook for not replying to notice
The court was hearing a PIL alleging that fake IDs were being created on Facebook and friend requests sent through them Nainital (U’khand): The Uttarakhand High Court on Wednesday imposed a fine of Rs 50,000 on Facebook for not replying to its notice in connection...