While the risk of data loss and cyber-attacks remains among the top...
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Huge fire closes UK’s Heathrow Airport, global flight schedules disrupted
"To maintain the safety of our passengers and colleagues, Heathrow...
Germany’s Munich Re to buy $2.6 billion Next Insurance
Ergo, the primary insurance business of reinsurer Munich Re, will...
Part of under-construction tunnel in J-K collapses; 3 rescued, 10 trapped
Several machines and trucks have been damaged in the incident. "Around 10.15 pm on Thursday, the audit tunnel of T3 on the highway near Khooni Nallah in Ramban collapsed, trapping 11-12 labourers of Sarla Company working there," a senior official told PTI....
IRDAI asks motor insurers to stop ads displaying services
According to the IRDAI, though, general insurers enter into service agreements with motor workshops/garages for the purpose of providing motor insurance claim services for repair of accident vehicles,it is noticed that the service agreements in addition to claim...
SCOR to stop covering new oil field production projects from 2023
To double the coverage for low carbon energies by 2025 SCOR has a longstanding commitment to fighting climate change, undertaking numerous actions to help reduce greenhouse gas emissions and facilitate the just transition to a low carbon economy Paris: During the...
Tesla bets it can bring down insurance costs, make driving safer
The insurance offering — a passion project for CFO Zachary Kirkhorn — is currently available in just eight states, including California, Illinois and Texas. During the last earnings call, Kirkhorn said Tesla had become the second-largest insurer of its cars in the...
“Singh Vs Government of India” case adjourned to May 26, Govt firms up BBB’s alternative for PSU insurers
The outcome of the `Singh Vs Government of India case may impact the appointments of many existing CMDs of PSU general insurers, chairman and also managing directors of LIC, who were all selected by the BBB over the last four years `The alternative framework to BBB...
Munich Re offers new validation service for trustworthy AI
“The digitalisation megatrend is also transforming the risk landscape. Novel risks – be they in the area of cyber, data analytics, quantum computing or artificial intelligence – call for innovative solutions. CertAI will enable us to take the next step forward and...
Twelve workers killed by wall collapse at India salt factory
Industrial accidents, mainly fires, are common in India due to lax safety regulations NEW DELHI: Twelve workers at an Indian salt factory were killed on Wednesday when a 3 metre high wall collapsed on them, government officials said. The incident took place in the...
CCI approves deal for selling majority stakes in Magma General Insurance Company
CCI has approved "acquisition of 55.39 per cent of the total equity share capital of Magma HDI General Insurance Company Limited by Sanoti Properties LLP," according to a tweet on Wednesday New Delhi: Fair trade regulator CCI has cleared the proposed acquisition of...
U.S. agency opens probe into fatal Tesla vehicle crash that killed three
A total of 14 crash deaths have been reported in those Tesla investigations, including the three recent fatalities Tesla says on its website that Autopilot provides drivers assistance by enabling vehicles to steer, accelerate and brake automatically but "require...
Flood condition worsens in Assam, landlsides in Arunachal
Assam State Disaster Management Authority said that at present 1413 villages are under water and Nagaon is the worst hit district where 2.88 lakh people are reeling under the calamity. In Cachar nearly 1.2 lakh people ands in Hojai more than 1.07 lakh people were...