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Kaspersky cautions against malware StripedFly, says it affected over million people globally
''Threat actors' ability to adapt and evolve is a constant...
World’s ghost fleet in focus over US Russian price cap crackdown
One tier relies on vessels known as the ghost fleet that are past...
Coronavirus scare may erase $29 bn from global airlines’ revenue, says IATA
“These are challenging times for the global air transport industry. Stopping the spread of the virus is the top priority,” said Alexandre de Juniac, IATA’s Director General and CEO. “This will be a very tough year for airlines.” Analysts at Cowen, a US investment bank and financial services company, noted IATA might be underestimating the impact on Asia travel outside of China, noting the recent reports of dozens of cases in South Korea.
Chubb’s Scott Gunter is appointed CEO of AXA XL
Scott brings over 30 years of experience, a strong track record in commercial insurance, underwriting and profound knowledge of the North American market. Prior to his last role as president of Chubb’s North America Commercial Insurance division, Scott held several global positions within Chubb, including Chief Underwriting Officer.
Raising insurance coverage to 90pc to help cut exporters” cost: SBI chief
Kumar suggested that enhancing the insurance coverage from the Export Credit Guarantee Corporation of India (ECGC) to 90 per cent can help banks reduce collateral for exporters.
Trump’s India visit: Westinghouse, NPCIL to sign pact for nuclear reactors
India has made clear there is no going back on the 2010 Civil Liability for Nuclear Damage law that foreign governments and vendors say leaves open the possibility of lawsuits against suppliers for nuclear accidents, rather than the operators of the plants.
China’s Ping An Insurance says Coronavirus outbreak could hit business
-Ping An’s comments on the virus were included in its annual results, where the company reported a 39% increase in annual net profit on the strength of its retail business, but missed expectations.
-The coronavirus outbreak in China has caused widespread disruption to businesses and factory production, raising worries about the country’s economic outlook as growth is expected to slow sharply in the first quarter.
Can transport minister come to explain govt proposal for introducing EVs, asks SC
New Delhi: The Supreme Court Wednesday expressed desire to interact with the Transport Minister Nitin Gadkari on the proposal for gradual conversion of all public transport and government vehicles into electric vehicles (EVs) to curb air pollution. The...
12 Chinese insurers co-launch coverage for businesses hit by Coronavirus
The six-month insurance, co-launched by 12 leading insurers including PICC, China Pacific Insurance Co., and Ping An Insurance Group, provides cover for production losses, wages paid to employees in quarantine and fees incurred due to the suspension of operations as a result of the epidemic, according to the notice.
Coronavirus could hamper $2.24 billion in Indian solar projects: Crisil
Nearly three-gigawatts of solar projects auctioned between July and August 2018 could be at risk of penalties for missing a July 2020 deadline for completion as the virus disrupts their supplies, Crisil Ratings said, without naming individual projects.
Chinese province launches insurance for businesses hit by coronavirus
“There are lingering concerns that the resumption of business operations will lead to more cases of coronavirus infection, and cause production to come to a standstill due to the quarantine policies,” according to the notice.
Climate change could make premiums unaffordable: QBE Insurance
-The insurer said it has started to adjust its catastrophe models to factor in the expected impacts of climate change until 2100, and would assess the impact on its weather-related exposures from emissions and temperatures.
-In the short-term, QBE would manage higher claims by considering event frequency and severity in its capital planning and will deploy a comprehensive catastrophe reinsurance program, it said.