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Container rates soar on concerns of prolonged Red Sea disruption, inflation
"Tanker rates will increase and futures are up this morning," said...
IRDAI imposes a fine of Rs 2 cr on Reliance General for violating norms
Reliance General Insurance Company (RGIC) is yet to decide whether...
Toyota Insurance Services to join Swiss Re ADAS risk platform
The ADAS risk score was launched by Swiss Re and BMW Group in 2019 with the aim of solving this issue and developing a vehicle-specific insurance rating that primary insurers worldwide can use to calculate insurance premiums, taking safety-relevant driver assistance systems into account.
On the journey towards autonomous vehicles, cars are increasingly equipped with advanced driving assistance systems (ADAS) that actively support the driver in avoiding accidents. Insurers face the challenge of knowing which ADAS features are installed in a vehicle, what their impact on safety is, and to what extent drivers use them.
JB Boda Re/insurance Brokers and RIMS join hands to promote risk management in India
Harnessing the insight and expertise from RIMS’ global risk management community and J.B. Boda’s vast network, the parties aim to produce powerful and thought-leading content that addresses current events, new risks, new challenges, as well as best practices and opportunities for organizations to maximize their risk management capabilities.
U.S. nears grim milestone of 200,000 COVID-19 deaths
The University of Washington’s health institute is forecasting coronavirus fatalities reaching 378,000 by the end of 2020, with the daily death toll skyrocketing to 3,000 per day in December.
Over 70% of those in the United States who have lost their lives to the virus were over the age of 65, according to CDC data.
The southern states of Texas and Florida contributed the most deaths in the United States in the past two weeks and were closely followed by California.
California, Texas and Florida – the three most populous U.S. states – have recorded the most coronavirus infections and have long surpassed the state of New York, which was the epicenter of the outbreak in early 2020. The country as a whole is reporting over 40,000 new infections on average each day and saw cases last week rise on a weekly basis after falling for eight weeks in a row.
Cabinet note ready for vehicle scrapping policy: MoS VK Singh informs Rajya Sabha
On July 26, 2019, the government had proposed amendments to motor vehicle rules to allow scrapping of vehicles older than 15 years in a bid to spur adoption of electrical vehicles.
In a draft notification, the government proposed renewal of fitness certificates for vehicles older than 15 years every six months instead of the current time-frame of one year.
World’s top companies urge action on nature loss ahead of U.N. talks
“Healthy societies, resilient economies and thriving businesses rely on nature. Governments must adopt policies now to reverse nature loss in this decade,” the companies said in a statement.
Others to sign included IKEA, Unilever and AXA .
Business for Nature, the coalition which organised the statement, said it was the first time so many companies had issued a joint call emphasising the crucial role healthy ecosystems play in human well-being.
Financial frauds rising due to dependence on digital payment platforms: NSA Ajit Doval
Doval said there was an increase of 500 percent in cyber crimes due to limited awareness and cyber hygiene.
“Financial frauds have seen exponential increase due to greater dependence on digital payment platforms. The adversaries are tempted to exploit the crisis situation through various misinformation, fake news, etc. The huge cyber data floating in the cyber space is a gold mine for extracting information that can undermine the privacy of our citizens,”National Security Adviser (NSA) Ajit Doval said.
Iranian hackers found way into Encrypted Apps, Researchers say
t the hackers have successfully infiltrated what were thought to be secure mobile phones and computers belonging to the targets, overcoming obstacles created by encrypted applications such as Telegram and, according to Miaan, even gaining access to information on WhatsApp. Both are popular messaging tools in Iran. The hackers also have created malware disguised as Android applications, the reports said.
COVID-19: India’s single-day recoveries exceed fresh cases as record 95,880 recuperate
The COVID-19 case fatality rate has further dropped at 1.61 per cent, the data showed.
There are 10,13,964 active cases of COVID-19 in the country, which constitute 19.10 per cent of the total caseload, the data stated.
Meanwhile,India’s parliament session that began this week is likely to be cut short after 30 lawmakers were found infected with the coronavirus, two senior parliament officials said, as the number of cases in the country rose to 5.3 million.
Insurers should pay quickly after UK pandemic ruling: Watchdog
“Our objective remains to ensure that slow payment does not exacerbate financial pressures on policyholders,” the letter from Interim Chief Executive Christopher Woolard said, adding that the FCA could use its regulatory powers if it thought insurers were acting too slowly.
The lawsuit has attracted a lot of attention because it is estimated to affect 370,000 businesses, 60 insurers and billions of pounds in insurance claims.
Phased unlocking since June 1 has revived economic activities: Govt
With the phased unlocking of the Indian economy since June 1, 2020, high frequency economic indicators like PMI Manufacturing, index of eight core industries, E-way bills, Kharif sowing, power consumption, railway freight, cargo traffic and passenger vehicle sales have recovered and indicate growing convergence with previous year’s activity levels,” Union Minister of State for Home Nityanand Rai said in the Rajya Sabha