A few years back, the US watchdog Federal Aviation Administration...
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Re/insurers get ready to shell out over Rs1600 crore($186 million) of claims for Air India’s devastating Ahmedabad crash
London market sources said there can be a claim of Rs 700 crore(...
Extreme heat kills half a million people globally each year, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist "Extreme heat used...
Climate change adding layer of vulnerability to fragile Himalayas: Experts
“Climate change has added another layer of vulnerability. It is acting as a force multiplier and making landslides, flash floods and cloudbursts more disastrous,” said Himanshu Thakkar, coordinator of South Asia Network on Dams, Rivers and People Climate change and...
Ship insurers sail into unknown with Ukraine grain risks after deal reached
"There are a number of underwriters who have expressed an interest in writing this risk and one or two brokers also. It may well be a consortium that is formed," Neil Roberts, head of marine and aviation with the Lloyd's Market Association, told Reuters. A number of...
Maha: MACT awards Rs 10.94 lakh compensation to expat couple injured in accident during India visit
MACT member H M Bhosale directed the respondents — the owner of the offending tourist car of Delhi-based Shine Holidays and United India Insurance Company Limited — to jointly and severally pay the claimants with an interest of 8 per cent per annum from the date of...
More than 1.3 mn vehicles recalled in FY22 due to safety issues: Gadkari
Gadkari said total 47,984 people died due to accidents on national highways in 2020, while 33,148 died due to accidents on state highways Vehicle recalls in India rose to a three-year high in 2021-22, with more than 13 lakh two-wheelers and passenger cars recalled...
26.66 million people affected by floods in 2020; 1,365 lives lost: Union minister Shekhawat
Responding to a question in Lok Sabha, Jal Shakti Minister Gajendra Singh Shekhawat said Rs 21,190 crore of total damage of crops, houses and public utilities has been recorded in 2020 New Delhi: As many as 26.66 million people were affected by floods in the country...
Travelers reporting stranded luggage this summer jumped 30%: Mapfre
More bags are going missing as short-staffed airports and airlines struggle to keep up with luggage handling alongside surging travel demand.Most stranded luggage ends up resurfacing, thus not triggering reimbursement, the insurer said The number of travelers...
Govt shortlists 7 GMs for selecting CMDs of New India and AIC
The general managers who have been shortlisted are- M Rajeswari Singh, Agriculture Insurance Company(AIC), BS Rahul,(AIC),N Ramaswamy, presently heading GIC Re’s London branch, Neerja Kapur, NIA, Girija Subramanian, GIC Re, Rashmi Bajpai, Oriental Insurance...
About 13 lakh electric vehicles registered in country: Gadkari
Union Minister Nitin Gadkari Union Minister Nitin Gadkari said, according to the World Road Statistics (WRS) of the International Road Federation, Geneva, India recorded 1.5 lakh road accident fatalities in 2020, which was 26.37 percent of total road accidents...
Climate crisis increases the severity of drought in Delhi and London
Christian Aid has warned that without action to cut emissions and better management of freshwater resources, the toll will be felt acutely by the poor. The 10 cities featured in the report, are Sydney, Harare, Sao Paulo, Phoenix, Beijing, Kabul, New Delhi, Cape Town,...
Britain swelters on its hottest day ever as temperatures hit 40C
Stephen Belcher at the Met Office said he had not expected to see such temperatures in Britain in his career "Research conducted here at the Met Office has demonstrated that it's virtually impossible for the UK to experience 40C in an undisrupted climate but climate...