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ICICI Lombard launches new health insurance product powered with AI
Mumbai: ICICI Lombard General Insurance has launched health...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the...
Top Ayurveda institute incorporates allopathy, modern tech; successfully treats 600 Covid patients
Prof Tanuja Nesari said a holistic approach and the integration of ayurveda, allopathy and modern diagnostic technology made it possible.
Brit launches new consortium for placement of “Marine War breach call risks”
Keel offers up to $152.2m of capacity per risk and provides instant quotes that are fully sanctioned screened – an area of increasing importance in the growing regulatory environment affecting marine war risks.
1 Indian firm paying average Rs 55 lakh after ransom attack
The average ransom payment in India was $76,619 (over Rs 55 lakh). However, paying up often doesn’t pay off as Indian organizations that paid the ransom got back, on average, 75 per cent of their data and only 4 per cent got all their data back, according to ‘The State of Ransomware 2021’ report by global cybersecurity leader Sophos.
Lockdown 2020: Over 8,700 people died on railway tracks during year, many of them migrants
Officials separately said that many of those dead were migrant workers who chose to walk home along the tracks because train routes are considered shorter than roads or highways.
Burnt-out container ship sinks in sea; Sri Lankan Navy bracing for possible oil spill
The resultant environment and marine ecological pollution is regarded as the worst the island had seen. The ship’s cargo, comprising chemicals and nitric acid, were termed hazardous to the marine ecology.
At least 8 containers had fallen in the sea when it was anchored and went up in flames some 9 nautical miles off the Colombo port.
Ransomware & aggregation issues in US call for new approaches to US Cyber Risk : AM BEST
The loss ratio for cyber insurance rose dramatically in 2020, to 67.8%, from 44.8% in 2019. However, the increase was not limited to just a few insurers—the loss ratio rose for 15 of the 20 largest cyber insurers.
“The rate increases for cyber insurance outpaced that of the broader property/casualty industry, but the increase in cyber losses outstripped the rate hikes, which suggests more trouble for 2021 as ransom demands continue to grow,” said Sridhar Manyem, director, industry research and analytics.
Government issues guidelines for care of children affected by Covid-19
The states need to identify the children in distress through outreach and surveys and prepare a database with a profile of each child, along with the details of their specific needs and requirements, and ensure that the data is uploaded on the Track Child portal.
The National Commission for Protection of Child Rights (NCPCR), in an affidavit to the Supreme Court, said 9,346 children have lost at least one of the parents to the deadly virus, including over 1,700 who have lost both their parents, according to data received from the states
Covid-19 vaccine: After Pfizer, Serum Institute seeks indemnity, say sources
Earlier last year, SII CEO Adar Poonawala had advocated for indemnity for all vaccine manufacturers.
“We need to have the government indemnify manufacturers, especially vaccine manufacturers, against all lawsuits… Frivolous claims come up and you see in the media something being blown out of proportion. The government needs to step in with the right messaging,” he had said.
Amid the nationwide COVID-19 vaccine crunch, US pharma giant Pfizer is seeking an indemnity bond that will exempt it from legal claims in case there are any adverse effects from the vaccine.
17 pilots of Air India, IndiGo, Vistara died of Covid in May: Sources
in a statement to PTI. Indigo has a ”robust” welfare scheme and a ”benevolent policy” so that each family of the deceased pilot would be getting Rs 5 crore, the sources mentioned.
They added that while there were barely a few pilots of IndiGo who tested positive during the first wave, almost 450 pilots of the carrier tested positive for COVID-19 during the second wave.
India orders 300 mln COVID-19 shots before approval as court asks for vaccine ‘roadmap’
So far, about 4.7% of the country’s 950 million adult population have been given both doses. The government said this week supplies are improving and it could have as many as 10 million doses each day in July and August, up from just under three million now.