Passenger vehicles posted its highest-ever sales of October in 2024...
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Next GST Council meet on Dec 21-22, Decision on lower GST rate on health and life insurance
Union Finance Minister Nirmala Sitharaman The 55th GST Council...
Shriram General in pact to enable Muthoot Securities customers to purchase covers
Shriram General Insurance Company (SGIC) has entered into a...
Offshore operators face big Ida losses as insurers trim cover
Insured losses to offshore platforms, rigs, and pipelines are estimated to be between $700 million and $1.5 billion, according to industry experts.
That is markedly below $2 billion to $3 billion of insured losses suffered by operators during Hurricane Katrina in 2005 as estimated by the Insurance Information Institute.
Study finds regular exercise may lower risk of developing anxiety
Anxiety disorders – which typically develop early in a person’s life – are estimated to affect approximately 10 per cent of the world’s population and have been found to be twice as common in women compared to men. And while exercise is put forward as a promising strategy for the treatment of anxiety, little is known about the impact of exercise dose, intensity, or physical fitness level on the risk of developing anxiety disorders.
Vaccination is the medicine to boost economy: FM
”All our prayers are not for a third wave (of the Covid-19 virus). Suppose, if it occurs, then one has to think about the availability of hospitals, even if there is a hospital, does it have an ICU, and even if there is an ICU, does it have oxygen support? For all these questions, the Ministry announced a scheme allowing hospitals to ramp up the expansion when there was a huge impact in the country caused by the second wave (of Covid-19),” she said.
Biden’s vaccine rules to set off barrage of legal challenges
The White House is gearing up for legal challenges and believes that even if some of the mandates are tossed out, millions of Americans will get a shot because of the new requirements — saving lives and preventing the spread of the virus.
Biden is putting enforcement in the hands of the Occupational Safety and Health Administration, which is drafting a rule “over the coming weeks,” Jeffrey Zients, the White House coronavirus response coordinator, said Friday.
He warned that “if a workplace refuses to follow the standard, the OSHA fines could be quite significant.” \\ Courts have upheld vaccination requirements as a condition of employment, both before the pandemic — in challenges brought by health care workers — and since the coronavirus outbreak, said Lindsay Wiley, director of the Health Law and Policy Program at American University Washington College of Law.
Australia appoints former Macquarie boss to supervise financial regulators
The new three-person regulatory body, including corporate lawyer Gina Cass-Gottlieb, will supervise both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA).
U.S. Treasury climate official seeks insurance changes for extreme weather
The Federal Insurance Office will accept input for 75 days and then come up with recommendations for better pricing the risks that climate change posed to insured properties and activities, John Morton, Climate counselor, U.S. Treasury
said.
“The question is, how do we … better understand and begin to price the risk inherent in the underlying activities,” he said.
Heavy rains in Delhi as Monsoon breaks 46-year record; Airport forecourt, key roads waterlogged
The Delhi International Airport Limited (DIAL) said the waterlogging at the forecourt was “for a short period” and operations have been back to normal since 9 AM.
Sources said four domestic flights — two of SpiceJet and one each of IndiGo and Go First — were diverted to Jaipur. One international flight — Emirates flight from Dubai to Delhi — was diverted to Ahmedabad, the sources mentioned.
They also said that three IndiGo flights that were scheduled to depart from Delhi were cancelled due to bad weather.
UK’s Sunak wants insurers to explore products for social care costs
Social care refers to long-term health care outside hospitals.Sunak has asked officials to work with insurers to consider “new products” that can help with social care costs, the treasury source said.
“We’re hopeful that in time the cap on costs will provide the clarity insurers need to create new products,” the source said.
ICICI Lombard ceases to be ICICI Bank subsidiary post Bharti AXA merger
”ICICI Lombard has made the disclosure to the stock exchanges…Accordingly, with the bank’s shareholding reducing from 51.86 per cent to 48.08 per cent, ICICI Lombard has ceased to be a subsidiary of the bank,” the bank said in a regulatory filing.
IBM Watson launches new AI and automation features to help businesses transform customer service
“We believe industries in India such as BFSI, Retail, Telecom, e-commerce etc. will benefit from these features to seamlessly automate tasks by providing a superior customer and agent experience,” said Viswanath Ramaswamy, Vice President, Technology, IBM Technology Sales, IBM India / South Asia.
“One critical challenge facing nearly every business today is the need to better communicate with their customers and employees across all channels,” said Daniel Hernandez, General Manager of Data and AI, IBM. “We’re continuously delivering new innovations in natural language processing, automation and advancing responsible AI, and building a strong, open ecosystem with partners like IntelePeer to help businesses transform customer care with Watson Assistant.”