The fires sweeping across Los Angeles are now on track to cause...
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McGill offers property war reinsurance for Ukraine
McGill said it had collaborated with local Ukrainian insurer ARX to...
Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the...
AM Best downgrades Russian insurers Ingosstrakh and SOGAZ
These credit ratings have been placed under review with negative implications due to heightened geopolitical, economic and financial system risk in Russia, where both Ingosstrakh and SOGAZ is domiciled and underwrite the majority of their business, said AM Best...
Russian ransomware attacks on Ukraine muted by leaks, insurance woes
One reason for that could be a loophole in cybersecurity insurance policies. Experts and industry-watchers say the more sophisticated digital extortion gangs tend to focus on insured organisations because the victims already have a policy to make the payoff, making...
UN climate report urges world to adapt now, or suffer later
While governments need to drastically curb their emissions to prevent runaway global warming, they can also work to limit suffering by adapting to the conditions of a warmer world, the report says. That will take a lot of money - to finance new technologies and...
‘Delay means death’ – UN climate report urges immediate, drastic action
On nearly all counts, the report makes clear that climate change is impacting the world far faster than scientists had anticipated. Noting that nearly half the world's population was already vulnerable to increasingly dangerous climate impacts, the report calls for...
Toyota suspends domestic factory operations after suspected cyber attack
Japanese Prime Minister Fumio Kishida said his government would investigate the incident and whether Russia was involved "It is difficult to say whether this has anything to do with Russia before making thorough checks," he told reporters TOKYO: Toyota Motor Corp said...
Kenyan farmers test insurance to ward off climate-driven hunger
On Monday, a key science report from the Intergovernmental Panel on Climate Change warned of growing pressure on food production and people's ability to get enough to eat on a hotter planet, which it said would fuel malnutrition, especially in vulnerable regions like...
India court blocks Future Enterprises from selling stake in Generali JV
Future Enterprises said in January that it had decided to sell its 25% stake in Future Generali India Insurance Company to Generali Mumbai: A Mumbai city civil court has blocked Future Enterprises from selling its stake in its general insurance joint venture business...
People flee to rooftops as ‘weather bomb’ submerges Australian towns
Several regions have seen rainfall records for February broken because of the relentless downpour, with some places getting more than a month's or more than a year's rains in one day Insurer Suncorp on Monday said it had received more than 5,000 claims related to the...
MoF may ask a GIC Re official to hold charge of NIA CMD
According to sources in the industry, some of the general managers of GIC Re, who are being considered to hold charge at NIA are Madhulika Bhaskar and Jayshree Ranade New Delhi: The Ministry of Finance may ask a senior official of GIC Re to head New India...
Maha: 236 people died in road accidents in Raigad in 2021
Apart from internal roads, the heavily patronized Mumbai-Goa national highway and a stretch of the Mumbai Pune Expressway pass through the district Mumbai: A total of 236 people died and nearly 500 were injured in 688 road accidents in Maharashtra's Raigad district in...