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Global insured losses from natural disaster events reach $88 billion by the end of Q3 2023, says Aon report
For the first time, insured losses from SCS in the U.S. surpassed...
Evergreen line declares force majeure on Israel shipment -customer note
War risk insurance rates have soared more than tenfold in recent...
China allocates $10.26 bn to fight Coronavirus,death toll jumps to 902
The number of deaths from China’s new coronavirus epidemic jumped to 902 on Monday after the hardest-hit province of Hubei reported 91 new fatalities.
U.S. permits Startup Nuro to deploy up to 5,000 driverless delivery vehicles
The rollout of the R2 vehicle will take place in Houston, with plans for it to deliver items like pizza and groceries. It is about half the width of a regular car, has no steering wheel or seating positions and boasts gull-wing cargo doors reminiscent of the time-traveling car in the “Back to the Future” films.Nuro, a privately held robotics company based in Mountain View, California, said it will begin public road testing to prepare deliveries in Houston in the coming weeks.
New India Assurance bounces back to profitability, net profit at Rs 483 cr in Q3Fy 2019-20
“The company has reported encouraging results for the quarter despite a challenging macro environment. While the reporting quarter did not witness any major Cat losses, the crop segment was adversely affected due to unseasonal rains across the country,” said Atul Sahai, chairman cum managing director, NIA. .
ME’s $2 trillion wealth could just vanish in 15 years
Without decisive economic reforms, the richest Middle Eastern states could exhaust their net financial wealth by 2034 as the region becomes a net debtor, the fund projects. Within another decade, their total non-oil wealth would also be exhausted, the IMF said in the report prepared by a team of its Middle East and Central Asia specialists as well as the research department.
Records of payment cards of Indian banks are being sold for $9 apiece on Joker’s Stash
The database exposed card numbers, expiration dates, CVV/CVC codes and some additional information such as cardholders’ full name, as well as their emails, phone numbers and addresses, security researchers from Group-IB found
IRDAI to expand its regulatory Sandbox project soon:Khuntia
“ We in Irdai have already allowed a regulatory sandbox regime because we do not know whether the (existing) regulations will be adequate for the new processes that these technologies will need.This is an experiment we we’ll allow for six months and up to one year.If we find that these are old processes which will help transactions and make life easier for the insurer as well as the insured without compromising on the policy holders protection, we will think of tweaking the regulations to make it happen.”
Nissan Autonomous Car completes 230-mile journey in Britain
But it remains unclear when fully self-driving cars will hit the streets for general public use, with questions remaining about the regulations in place and affordability of the technology.
AXA XL creates role of Global Chief Underwriting Officer, Cyber
“The cyber insurance market is growing exponentially. Recent reports predict the Global Cyber Insurance Market to reach $21.4 billion in the next five years,”
Aim to manufacture, sell 1 mn ‘green vehicles’ over next few years: Maruti
The next million green vehicles from company will include a range of technologies and power trains such as CNGs, smart hybrids, strong hybrids and electric vehicles, he added.
Few states debar 4 insurers from PMFBY due to complaints: Govt
The Centre on Tuesday told Parliament that some state governments like Rajasthan, Karnataka and Gujarat have debarred four insurance firms — SBI General Insurance, Tata AIG, Shriram General Insurance and UIIC — from participating in tender of the Pradhan Mantri Fasal Bhima Yojana (PMFBY) for one or more seasons. Some state governments have also slapped interest penalty on the Agriculture Insurance Company of India (AIC Ltd),Cholamandalam-MS General Insurance Company, ICICI-Lombard General Insurance Company, New India Assurance Company and SBI General Insurance Company, it said in the Lok Sabha.