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Red Sea shipping costs rising after Houthis target more commercial vessels
War risk premiums have risen this week to between 0.1%-0.15% to...
Road crash deaths down by 5% globally, numbers in India continue to rise: WHO
Nine in 10 deaths occurred in low and middle-income countries, and...
Floods ravage eastern India as coronavirus infections surge
The floods have killed at least 10 people and injured more than 70 in the states of Assam, Bihar and Jharkhand, where heavy rain has submerged thousands of villages in the past 24 hours as authorities battle to ensure social distancing in relief camps.
International flights to US,France begins tomorrow; Germany and UK to follow soon:MinisterPuri
Scheduled international passenger flights have been suspended in India since March 23 due to the coronavirus pandemic.
Capital infusion in 3 state-owned insurers ‘credit positive’,says Moody’s
“After the capital injection we expect renewed focus on improving the insurers’ risk management and profitability. We expect the insurers to enhance their risk-based pricing and underwriting discipline to ensure organic capital growth and attract foreign reinsurance coverage, which will further aid capital adequacy,” Moody’s said.
West African Coast re-emerges as hotspot for Piracy,Allianz Says
About 45% of global piracy occurred in the Gulf of Guinea in the first quarter of this year, according to Allianz. There were 47 reported incidents, up from 38 a year ago, mostly targeting container ships and bulk carriers.
COVID-19, electric vehicles to reshape Thailand’s auto industry
Thailand’s auto-related businesses, which employ 900,000, are reopening after months of coronavirus shutdowns, promising relief for many laid-off workers.
But there’s a catch: Thailand’s shift toward electric vehicles (EVs) could pummel the local auto industry because it is dominated by hundreds of parts makers, while EVs require just 10% to 20% as many of parts as internal-combustion vehicles.
Twitter hacking spree alarms experts concerned about the platform’s security
“If the hackers do have access to the backend of Twitter, or direct database access, there is nothing potentially stopping them from pilfering data in addition to using this tweet-scam as a distraction,” said Michael Borohovski, director of software engineering at security company Synopsys.
UK Plans to spend $6.6 billion on building flood defenses through 2027
Under the plans, the UK’s Flood Re insurance program will also be modified to allow claims to include the installation of flood resilience measures as well as repairs for affected properties.
“For every pound spent improving protection from flooding and coastal erosion, we avoid around 5 pounds of property damages,” Environment Agency Chairman Emma Howard Boyd said. “The long-term commitments announced today will make homes, businesses and infrastructure more resilient to the accelerating impacts of the climate crisis.”
Russia requires firms to develop financial/insurance contingency plans for oil spills
The law makes it mandatory for companies to have sufficient financial reserves to prevent potential spills or clean them up if they occur. The financial reserves can take various forms, including an insurance contract or a letter of guarantee to pay the damage from a given accident.The law also requires companies handling hydrocarbons to draw up plans to prevent and clean up spills by Jan.1, 2024.
Moderna Phase 1 results show coronavirus vaccine safe,induces immune response
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, whose researchers developed Moderna’s vaccine candidate, called the results “good news,” noting that the study found no serious adverse events and the vaccine produced “reasonably high” levels of virus-killing or neutralizing antibodies.
Single-day spike of 29,429 COVID-19 cases in India
Of the 582 new deaths reported, 213 are from Maharashtra, 85 from Karnataka, 67 from Tamil Nadu, 43 from Andhra Pradesh, 35 from Delhi, 28 from Uttar Pradesh, 24 from West Bengal, 14 each from Bihar and Gujarat , 10 each from Madhya Pradesh and Telangana.
63.24 per cent of patients have recovered so far