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Non-Life

Digital risks continue to be the most significant threats to business:FERMA Survey

Digital risks continue to be the most significant threats to business in the short (12 months) and medium-term (3 years). Cyber threats are the number 1 risk in both time frames, and data theft and fraud are growing in importance and stand at number 4 in the short term.

Uncertain economic growth appears as the number 2 threat short term (12 months) and number 3 medium term (3 years).

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Car crashes deadlier as drivers speed during lockdowns:Study

-Police in New York said they were aware of the increased speeds and had deployed additional patrols. Data from traffic analytics company INRIX shows speeds in New York City increased 44% from 28 miles (45 km) per hour in April last year to 41 miles (66 km) per hour this April.
– Speeding offenses increased 187% in London during the lockdown compared to the same period a year ago, Cox said, but extreme speeding offenses increased even more — by 236%.
– Despite the overall drop in collisions and fatalities, the fatality rate among crashes was 70% higher in France.

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Floods in India’s Assam force a million from their homes

Torrential rain hit at least 23 of Assam’s 33 districts and the federal water resources body said water levels in the Brahmaputra were expected to rise, with more rain forecast over the next three days.Assam, famous for its tea plantations, is hit by seasonal flooding each year, forcing state and federal governments to spend millions of rupees on flood control

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Pakistan pilot licence irregularities are ‘serious lapse’ – IATA

“We are following reports from Pakistan regarding fake pilot licences, which are concerning and represent a serious lapse in the licensing and safety oversight by the aviation regulator,” an IATA spokesman said, adding that the organisation was seeking more information.

Pakistan’s civil aviation authority has found that some 150 of PIA’s 434 pilots have “dubious licences”, the airline said.

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Thunderstorm, lightning kill 110 people in Bihar and UP 

The lightning strikes were more devastating in Bihar, where 83 people have lost their lives since Wednesday, according to the figures released on Thursday by the Disaster Management Department in Patna.

More than 20 people have been injured in these incidents and hospitalised, they said. 

Meanwhile, in the neighbouring Uttar Pradesh, at least 24 people died when they were struck by lightning on Thursday, while 12 were injured, officials said in Lucknow.

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ICICI Lombard’s new retail cyber cover to insure financial or reputation losses upto Rs1cr

The policy can be purchased at an affordable rate by all digitally active individuals. The premium ranges from Rs 6.5 per day to Rs 65 per day. The Sum Insured for the cover ranges from Rs  50,000 to Rs 10,000,000 as opted by the policyholder. The policy provides coverage to the entire family, including children for a duration of 1 year.  

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