According to the minister, the ministry data of road accidents in...
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AM Best maintains stable outlook on India’s non-life insurance segment
“We expect that India’s non-life premium growth will be bolstered...
AI agents can create leverage for threat actors in scaling widespread cyber attacks, CyberCube report
A more advanced and concerning development is emerging: AI agents...
Global nonlife insurers leverage innovation for financial strength: AM Best
The report notes that innovative companies may need to make a trade-off between higher expense ratios in the short run for lower and more-sustainable combined ratios in the long run OLDWICK, N.J: Five-year benchmarking analysis of AM Best-rated nonlife companies’...
Lloyd’s of London says Russia, Belarus represent less than 1% of business
"We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – to help deliver an effective sanctions regime against Russian assets," Lloyd's said in a statement on its website dated March 14 LONDON: Russia...
Mamata asks Kolkata mayor to form panel for fire safety audit of godowns
Mamata Banerjee,Chief Minister,West Bengal The major fire that had broken out in the godown in Tangra area on Saturday evening was brought under control after 15 hours of firefighting "The CM has asked me to form a high-powered committee, comprising police, fire...
Gallagher rebrands its Indian broking outfit
Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher commented: "This marks the first time the standalone Gallagher brand has been used in India and is a significant step as we continue to expand our footprint globally. We view...
Naxal violence down by 77 pc from all-time high in 2009: MHA
Replying to a written query, the minister further said that the deaths of both civilians and security forces have also reduced by 85 per cent from an all-time high of 1,005 in 2010 to 147 in 2021 The Minister also said that the Security Related Expenditure (SRE)...
Chinese virus cases climb, raise threat of trade disruption
The restrictions have wider potential ramifications, coming at a time when the global economy is under pressure from Russia's war on Ukraine, surging oil prices and weak consumer demand. "We can think of no risk to the global economy, excluding nuclear warfare, that...
Berkshire rejects shareholder call to replace Warren Buffett as chairman
Warren Buffett, chairman, Berkshire Hathaway The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security.Though...
Hacked US companies to face new reporting requirements
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation's cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks. The reporting will give the federal government much...
ICEYE and Fermat Capital Management enter strategic alliance
Understanding the impact of flooding in near-real time is essential to the ongoing evolution of this sector and for developing solutions that will help communities better manage and respond to floods and other climate shocks,” said Read. Andy Read, Global Head of...
Russian airlines will keep planes leased from foreign firms
A new law will let Russian airlines keep their fleets and operate foreign planes on routes within Russia. Last week, Russia’s air-transport agency advised airlines with foreign-registered planes not to take them out of the country because of the risk they could be...