Oriental Insurance Company, a branch of India's Oriental Insurance,...
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Britain considering support for Jaguar Land Rover’s suppliers
The automaker failed to finalize a cyber insurance deal brokered by...
UK police arrest man over hack that affected European airports
Ransomware gangs routinely publicise attacks and leak stolen data...
IMF increasingly worried about ‘material’ impact of climate change on economies
IMF Chief Economist Pierre-Olivier Gourinchas said extreme weather events, including heat waves facing Europe and other regions, and this year's El Nino weather pattern, which could lead to heavy rainfall or temperatures, would affect crop yields and the ability of...
Asia-Pacific needs disaster warning systems to counter rising climate change risks, UN report
Countries lacking adequate early warning coverage have a disaster mortality rate that is eight times higher than countries that do have such systems in place, the U.N. estimates. And without such precautions, regional annual losses from disasters are projected to...
TCS enters 10-year partnership with AIB Life, to support AIB’s Ireland operations
TCS will provide end-to-end administration, information technology and customer as well as claims handling services through its global delivery centre in Letterkenny, Donegal, the company said. New Delhi: Tata Consultancy Services (TCS) on Monday said it has assisted...
Americans are moving toward climate danger in search of cheaper homes
Many Americans are actually choosing to move to Zip codes with a high risk of experiencing wildfire, heat, drought and flood, according to a new study on domestic migration by Redfin, an online real estate brokerage firm A midsummer quiz: Let’s say you read about an...
Allianz Commercial launches in global Property & Casualty markets
Chris Townsend, Member of the Allianz SE Board of Management, comments: “Our commercial businesses have been united in ONE global model. With Allianz Commercial, we can service a fuller, more dynamic range of customers under our new unifying name – this gives us an...
WHO warns of dengue risk as global warming pushes cases near historic highs
Reported cases to WHO hit an all-time high in 2019 with 5.2 million cases in 129 countries, said Velayudhan via a video link. This year the world is on track for "4 million plus" cases, depending mostly on the Asian monsoon season GENEVA: The World Health Organization...
Black Sea shipping traffic slowing after Russia, Ukraine warnings
Additional war risk insurance premiums, which are charged when entering the Black Sea area, need to be renewed every seven days. They already cost thousands of dollars and are expected to go up, given also the risk of floating mines War risk cover for Russia's Black...
Russia warns against any ships traveling to Ukraine from Thursday
Norwegian shipping insurance group DNK, which provides war risk policies, told Reuters on Wednesday it was currently unable to provide cover for Ukraine Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying...
AXA and AIG may exit UK life biz
Dealmaking in insurance has remained relatively buoyant despite a broader slowdown in mergers and acquisitions, as insurers continue to streamline their operations and exit business lines to reallocate capital to their focus areas London: Two of the world’s largest...
Only 27% of $194 bln economic losses from global natural disasters insured in 1H2023: Aon
Turkey and Syria earthquakes drive nearly half of economic losses from Global Catastrophes in 1H 2023 "Despite the reality that communities globally remain at risk to catastrophes, only about 27 percent of economic losses this year have been insured. These devastating...