In an order dated June 6, the national commission said that the...
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Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may...
Monsoon havoc claims 34 lives, causes Rs 7,119 lakh loss in Himachal: State Govt
The highest damage has been reported to infrastructure under the...
1,997 killed, 18,54,901 hectares crops damaged in disasters in 2022-23: MoS Nityanand Rai in Lok Sabha
Citing information furnished by states, the Minister said these details included the losses caused due to hydro-meteorological disasters that occurred during 2022-23, as on March 7, 2023. New Delhi: Due to hydro-meteorological disasters during the year 2022-2023, a...
Flood Risk: shifting from a responsive to an anticipatory approach
Only 17% of global losses were insured between 2007 and 2021, with the biggest protection gaps in developing countries, where insurance is often not available. Flood risk is pervasive and set to increase. According to Marsh McLennan estimates, 1 out of 3 people...
Markel strengthens global downstream energy offering with two appointments
Markel’s downstream energy team has now grown to include five underwriters who collectively deploy $150m of capacity on each risk, which has increased from $25m when the team was formed in 2017. London: Markel International, a subsidiary of the Markel Corporation, has...
Talks underway on Black Sea grain deal extension in Geneva
The initiative, brokered by the United Nations and Turkey last July, is up for renewal on March 18. Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin aimed at discussing an extension to a deal allowing the export...
Landslides in Himachal Pradesh increased six times in past 2 yrs: Govt Report
High intensity rainfall coupled with cutting of hill slopes or rocks at the foothills are the main reason behind the significant number of landslides, experts say. Extensive cutting of hill slopes for construction and widening of roads, blasting for tunnels, hydro...
Govt to infuse more capital in public sector general insurers next year
Based on the performance in the FY23, the finance ministry would take a call as to how much capital they would require to meet regulatory requirement, the official said.They are not in good financial health and fund would be infused in these entities to augment their...
Centre raises concern over gradual increase in Covid positivity rate amid influenza cases
Rajesh Bhushan,Union Health Secretary "While the COVID-19 trajectory has decreased substantially in last few months, the gradual rise in COVID-19 test positivity rates in some states is a concerning issue that needs to be promptly addressed," Union Health Secretary...
Analysis: China’s financial regulatory revamp raises hope, some concern over control
The watchdog, which will oversee all aspects of China’s $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say The new regulator will replace the banking and...
Changes to the AGCS SE Board of Management to drive new integrated Allianz Commercial model
CEO Joachim Mueller comments on these Board realignments: “With these new joiners and a new allocation of responsibilities for some current Board Members, we, as a leadership team, are ready to open the next chapter in AGCS’s corporate history: the realization of the...
Climate change to cost Germany up to 900 billion euros by 2050 – study
Germany’s economy and environment ministries cited the study as showing that extreme heat, drought and floods could cost between 280 billion euros ($297.81 billion) and 900 billion euros between 2022 and 2050, depending on the extent of global warming The costs...