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“Too early to assess economic impact on region, global economy”: IMF on West Asia conflict
The IMF also mentioned that it has "observed disruptions to trade...
Middle East Conflict Risks:Global reinsurers shielded by robust capital and earnings
There will be sizable insured losses, and the conflict could have...
Global Nat Cat insured losses at $ 62bn in H1 24, significantly higher than 10-yr average of $ 37bn, Munich Re report
Thomas Blunck,Member of the Board of Management, Munich Re said,”Weather-related natural disasters, especially in North America, are prominent once again in the loss statistics for the first half-year. In addition, there has been flooding in regions where it is...
Bill introduced in LS to replace 90-year-old Aircraft Act
The bill includes provisions to regulate the design and manufacturing of aircraft, supporting the Atmanirbhar Bharat initiative for self-reliance New Delhi: A bill was introduced in the Lok Sabha on Wednesday to overhaul India's civil aviation regulations by replacing...
Gadkari urges FM to withdraw 18 pc GST on life and medical insurance premiums
"The 18 per cent GST on medical insurance premiums is proving to be a deterrent for the growth of this segment of business which is socially necessary."Union Minister of Road Transport and Highways Nitin Gadkari New Delhi: Union Minister of Road Transport and Highways...
Companies ‘Paralyzed’ as Australia plans tough climate rules
Authorities estimate the average cost of compliance to be A$1 million ($655,550) but some large organizations calculate the total is likely to be above A$3 million, said Jillian Button, head of climate change at law firm Allens Australia’s plans to introduce stringent...
Global aviation insurance premium to hit a 20-year high of more than $8bn in 2024, says Allianz
Analysis of more than 32,000 industry claims from 2019 - 2024 with a total value of US$15bn (€14bn) shows that collision or crash incidents (63%) and faulty workmanship or defective products (22%) are accountable for 85% of the value. Other incidents like natural...
BajajCapital Insurance launches comprehensive pet insurance plans
BajajCapital Insurance announced the launch of its new pet insurance segment, available now on BajajCapitalInsurance.com. With this addition, pet parents can now compare policies for their dogs, Dogs are the most popular pets in India, with 63% of pet owners having at...
Future Generali India Insurance launches Disability Income Protection insurance Plan
The Disability Income Protection insurance plan from FGII is a Group Health Insurance product which covers both temporary and permanent disabilities. These include both physical and mental illnesses that are diagnosed while being insured, physical injuries caused by...
High temperature disrupts flights to high altitude Leh airport
The maximum temperature at which an A320 Neo aircraft can operate is 33 degrees Celsius. If the temperature crosses that level, then the plane cannot be operated at that elevation, a senior Airbus pilot said. New Delhi: High temperature at high altitude is disrupting...
CrowdStrike: Delta Air to seek compensation over IT outage
The cyber outage led to more than 2,200 flight cancellations on July 19 and Delta has canceled over 6,000 flights so far since then.CrowdStrike's "Falcon Sensor" software had caused Microsoft Windows to crash and display a blue screen, known informally as the "Blue...
Cloudburst damages shops, houses in Himachal’s Parvati Valley
The cloudburst triggered flash floods and caused damage to public and private properties, a resident said Manali: Several shops, houses, and a bridge were damaged in popular trekking destination Tosh in Himachal Pradesh's Parvati Valley after a cloudburst on early...