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Air India’s Ahmedabad crash claim likely to hit around $475 million, liability losses can touch $350 million, says GIC Re
As surveyors and lawyers from London, appointed by reinsurers of...
Tesla’s public robotaxi rides set for tentative June 22 start, CEO Musk says
Commercialising autonomous vehicles (AV) has been challenging with...
Ongoing turmoil in cryptos a reminder of huge risks attached: Singapore central bank
The Singaporean central bank, in the statement, added, the most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is "hazardous". Singapore: The ongoing turmoil in the crypto industry serves as a reminder of the huge risks...
India, China, Korea drive growth as global intellectual property filings touch records in 2021: WIPO
Daren Tang,Director General,WIPO. Data published in WIPO’s latest World Intellectual Property Indicators report indicates that innovators filed 3.4 million patent applications globally last year, which was up 3.6 per cent from 2020 – with Asia driving more than...
Talent & inflation to trigger highest pay hikes next year in US : WTW Study
Even as they dole out higher salaries, fewer than one in ten employers plan hikes that would match inflation, according to research from consultant Gartner Inc. More common tactics include increasing flexible-work arrangements or boosting incentive or merit-based pay...
Indonesia quake kills more than 50, wounds hundreds, destroys homes
The country of more than 270 million people is frequently struck by earthquakes, volcanic eruptions and tsunamis because of its location on the Ring of Fire, an arc of volcanoes and fault lines in the Pacific Basin Jakarta; A 5.6-magnitude earthquake killed more than...
COP27 ends with historic decision on damage fund, little progress on other issues
“The countries fell short of agreeing to a phasedown of all fossil fuels, which speaks to the energy crisis and the hold of the oil and gas lobby at this COP,” Aarti Khosla, Director, Climate Trends New Delhi: While the UN climate summit in Egypt concluded with a...
Historic compensation fund approved at UN climate talks
The decision establishes a fund for what negotiators call loss and damage. It is a big win for poorer nations which have long called for cash sometimes viewed as reparations because they are often the victims of climate worsened floods, droughts, heat waves, famines...
Big Pharma may have to reveal government deals in WHO’s draft pandemic rules
The aim of the pact, commonly known as the pandemic treaty, is to prevent the next global health crisis from being as devastating as COVID-19 and improving the global response that left many of the world's poorest countries behind The draft recognises the importance...
Twitter should convey how it is protecting Americans’ online data: White House official
WASHINGTON: A White House official said Friday that “this administration believes every company – including social media companies - should take all necessary steps to protect the safety of Americans’ online data." "Twitter should speak to how they are ensuring that...
No proposal on loss and damage funding in draft COP 27 climate deal document
Loss and damage refer to the consequences of climate change that go beyond what people can adapt to, or when options exist but a community doesn’t have the resources to access or utilise them Financing or a new fund for addressing loss and damage — for example money...
AUM Asset Management launches ILS Ocean Fund Investing in ILS
The underwriting strategy for The Fund will mirror that of the captive insurance company in which it is invested, Ocean International Reinsurance Co Ltd. ("Ocean RE"), and will take a vertical cut of all lines of business (excluding Life Business), supported by the...