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Acko General Insurance reports losses of Rs 670 crore in FY24
The company is not expected to be profitable even this year....
Prasun Sikdar likely to join as CEO of Bima Sugam on Nov 1
Prasun Sikdar, MD & CEO, designate, Bima Sugam Federation ``I...
Sources: US to recommend COVID vaccine boosters at 8 months
Federal health officials have been actively looking at whether extra shots for the vaccinated would be needed as early as this fall, reviewing case numbers in the U.S. as well as the situation in other countries such as Israel, where preliminary studies suggest the vaccine’s protection against serious illness dropped among those vaccinated in January.
US, European countries train Africa to tackle piracy in African waters
But there have already been 50 kidnappings logged this year and the U.S. navy is helping with training and European navies are assisting in patrols, a mark of their concern for a region that is a key global supplier of crude oil.
Why snow, hail and wildfire are expensive for insurance industry
Martin Bertogg, head of catastrophic perils at Swiss Re, said that the industry had been challenged by what is known as “secondary perils.” That is, while the insurance industry has historically done a good job of modeling relatively rare but potentially devastating events such as earthquakes and hurricanes, it’s battling to keep up with risks posed by snow storms, hail, tornadoes and wildfires. Those used to cause relatively minor damage but are increasingly morphing into something more costly. And that is a problem for companies, since many Americans have coverage for such events.
US eases travel advisory for India
The Centre for Disease Control and Prevention (CDC) has now issued a Level 2 Travel Health Notice for India due to COVID-19, indicating a moderate level of COVID-19 in the country.
At the same time, the State Department urged Americans not to travel to Jammu and Kashmir (except the eastern Ladakh region and its capital, Leh) due to terrorism and civil unrest.
General Motors to replace battery modules for some Bolt electric vehicles after fire risks
The automaker also asked owners to charge their vehicle after each use and avoid depleting the battery below approximately 70 miles of remaining range, where possible, to reduce the risk of a fire. GM said it was still recommending customers park vehicles outside immediately after charging and not leave them charging overnight. It said customers should also seek out the software update issued as part of the initial recall.
HDI Global launches new remote risk survey app: Virtual risk inspections for industrial customers
“The HRC Remote App allows the HRC risk engineers to remotely perform on-site surveys using the camera and audio features of a typical mobile device or data glasses used by the customer. By connecting via nw platform, the risk engineers can see what the customer see and guide them appropriately even when not physically there, while combining engineering expertise with Remote Support based on Augmented Reality – the computer-assisted extension of a physical reality.
Willis Towers Watson selects Carl Hess as President and Future CEO
“Following a thorough, multi-year succession planning process, including input from a third-party consultant to assess the experience and attributes of potential internal and external candidates, the Board is confident Carl is the right person to guide the company forward,” said Victor Ganzi, Chairman.
Guy Carpenter appoints new president in Asia Pacific
Versius robotic surgery redefines the Indian healthcare sector
Robotics is most suitable for people who cannot afford to recuperate for a long time at home as they must make ends meet. The advantage of Versius is that it provides a three-dimensional image, which is magnified 16 times along with precision where blood loss is less, collateral damage to tissues is less, chances of infection are less, post-operative pain is very less, and recovery is faster.
Ola drives in e-scooter tagged at Rs 99,999 onwards; deliveries to commence in Oct
”Charging station roll out will follow sales rollout, so it will be sales, then charging stations but every city will have at least relevant scale as we begin,” Aggarwal said. Ola had earlier stated that it would like to have 5,000 charging stations across 300 cities and towns across India.
The executive pointed out that the company has received strong demand from about 1,000 towns and cities. ”The EV revolution is here to stay whether incumbents like it or not. Consumers have shifted in their mindsets and before we know it, people will be buying only electric,” he noted.