`For FY 25, the company is targeting to grow its premium income in...
Category:
Non-Life
Latest
Girija Subramanian takes over as CMD of New India Assurance
Girija Subramanian, CMD, New India Assurance This is also for the...
Zurich acquires 70% of Kotak General Insurance
The acquisition of Kotak General Insurance sets the way forward for...
Insurers warn government Canada’s flood mapping must not take a decade
Prime Minister Justin Trudeau pledged sweeping climate action during his re-election campaign last year, including C$150 million ($112.2 million) for flood mapping. The federal budget is expected at the end of March.
“Flooding is by far the single greatest peril facing Canadians as a result of climate change,” Craig Stewart, vice president of federal affairs for the Insurance Bureau of Canada, told Reuters.
WHO experts voice “very low confidence” in some Sinopharm COVID-19 vaccine data
The document includes summaries of data from clinical trials in China, Bahrain, Egypt, Jordan and the United Arab Emirates.
The “evidence assessment” document was prepared by the WHO’s Strategic Advisory Group of Experts (SAGE) for its evaluation of the Sinopharm shot, authorised by 45 countries and jurisdictions for use in adults, with 65 million doses administered. The experts review evidence and give recommendations on policy and dosages associated with a vaccine.
Egyptian court rejects appeal against detention of ship in Suez Canal
The Ever Given, one of the world’s largest container ships, got jammed across the canal on March 23 and remained stuck for six days, stopping traffic in both directions.
It has been held in a lake between two stretches of the canal since being dislodged on March 29, amid a dispute over a $916 million claim by the Suez Canal Authority (SCA) against Japanese owner Shoei Kisen for compensation over the incident.
China’s Waterdrop raises $360 mln in New York IPO -sources
The pricing of the IPO at the top end showed investors overlooked regulatory scrutiny of the fintech sector currently underway in China and some concerns on whether the IPO will even go ahead, said one of the sources.
UK court to reconsider $6.9 bln Brazil dam lawsuit against BHP
The collapse of the Fundao dam, owned by the Samarco venture between BHP and Brazilian iron ore mining giant Vale , killed 19 and sent a flood of mining waste into communities, the Doce river and the Atlantic Ocean, 650 km (400 miles) away.
Samarco has since filed for bankruptcy protection.
US employers brace for Covid’s Mental Health fallout as workers return
“We’re seeing pretty alarming numbers,” said Vaile Wright, senior director of healthcare innovation at the American Psychological Association (APA), who oversees its Stress in America survey. “People’s bodies and minds just aren’t in quite the fit place they were in a year ago.”
India logs over 4 lakh COVID-19 cases for 4th day in a row
4,092 deaths related deaths were also registered in the last 24 hours, taking the total COVID-related death toll to 2,42,362. A total of 30,22,75,471 samples had been tested up to May 8, of which, 18,65,428 were tested on Saturday, the Indian Council of Medical Research (ICMR) informed.
India sees record 4,187 COVID-19 deaths, 4,01,078 new cases: Govt
Registering a steady increase, the active cases have increased to 37,23,446, comprising 17.01 per cent of the total infections, while the national COVID-19 recovery rate has dropped to 81.90 per cent, the data updated at 8 am showed.
Moderna vaccine 96 percent effective in 12-17 year-olds, study shows
The pharmaceutical company said that any side effects had been “mild or moderate in severity,” most commonly pain at the injection site. With the second shot, side effects included “headache, fatigue, myalgia and chills,” similar to those observed in adults who had received the vaccine.
“No serious safety concerns have been identified to date,” it said.
AXA halts ransomware crime reimbursement in France
“The word to get out today is that, regarding ransomware, we don’t pay and we won’t pay,” cybercrime prosecutor Johanna Brousse said at the hearing.
Only the U.S. surpassed France last year in damage from ransomware to businesses, hospitals, schools and local governments, according to the cybersecurity firm Emsisoft, estimating France’s related overall losses at more than $5.5 billion.