The source said the evidence, including the cockpit voice recorder,...
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What’s in the EU’s 18th sanctions package against Russia?
Central to the package is a lower price cap on Russian oil – a move...
Private sector general and health insurers record higher underwriting losses in FY 25
Led by Tata AIG General insurers, which had an underwriting losses...
UK to cap price of Russian oil for any global company using its insurance, brokerage and shipping services
The insurance industry has been in limbo about whether and how the UK would follow the EU’s measures, although the expectation was that it would do so London is an important insurance market for the transport of oil. Protection and indemnity insurance covers companies...
Warren Buffett’s firm reports USD 2.7B loss on investment drop
Warren Buffett, chairman, Berkshire Hathaway Buffett has long said he believes Berkshire's operating earnings are a better measure of the company's performance because they exclude investment gains and losses, which can vary widely quarter to quarter By that measure,...
Primary schools shut; WFH for 50% govt staff as Delhi grapples with ‘severe’ pollution
The data from the Delhi Pollution Control Committee (DPCC) showed that the concentration of lung-damaging fine particles known as PM2.5 was above 600 micrograms per cubic metre, around eight times the national standard of 60 micrograms per cubic metre, in many areas....
Australia sees spike in cyber attacks from criminals and states
Business losses attributable to cyber crime rose on average 14% over the period, with the average crime costing a small business A$39,000 ($24,540) Cyber attacks against Australia from criminals and state-sponsored groups jumped last financial year, with a government...
IRDAI nixes Fairfax move raising its stake to 74% in Go Digit, deal would make company richer by $375 million
Prem Watsa, Chairman and Chief Executive Officer, Fairfax Fairfax currently owns 45. 3% in Go Digi Infoworks, which has 83% stake in the Go Digit General Insurance company. In June 2022, Digit Insurance and Fairfax had applied to the IRDAI for approval to convert the...
ICICI Gen Insurance awarded patent for its IoT based device protecting properties from electrical hazards
``With this patent approval of an IoT-based - system, we aim to provide not just insurance covers to our customers but also ensure their safety and prevent hazards. This device will serve as a new-risk solution for customers and having introduced several innovative,...
China’s zero covid policy fails miserably as new cases of viruses found everyday: Report
According to Africa Daily Digital, at least 31 cities in China are under lockdown, which has affected over 232 million people's lives. The Universal Resort in Beijing too has been shut down as fresh cases of Covid are rising in the capital city Beijing: Chinese...
Reliance Capital lenders to meet on today to decide on Challenge Mechanism
Some bidders have raised concerns with the Administrator about the introduction of this new clause at this late stage of the bidding process, sources said, adding there was no mention of this mechanism in the Request for Resolution Plan (RFRP) document These bidders...
Lloyd’s Syndicate Ascot resumes cargo cover for Black Sea grain shipments
“In response to today’s news, the Ascot-led ‘AsOne’ facility is quoting again, effective immediately, and we have already issued quotes this morning,” Chris McGill told Reuters by email Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance...
Gen Z & millennials made nearly 70% calls to AXA’s 24X7 free mental health helpline in India
The maximum number of calls were recorded from the 21-30 years age bracket (30%), followed closely by the 31-35 years age bracket (22%) and the 36-50 years age bracket (17%) Of the calls answered by the helpline over the past 6 months, the majority calls were from...