'The treatment cost is quite high in the private sector while at...
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Modify insurance policies, hold awareness drives: NHRC advisory for welfare of people with mental illness
Insurance policies and schemes should include treatment for mental...
Rising air pollution may cause inflammation in the brain, warn health experts
Dr Nand Kumar, Professor, Department of Psychiatry, All India...
HC asks 3 mining cos to pay Rs 6.5 mn for polluting Goan agricultural land
Vedanta Inc, Rajaram Bandekar (Siridao) Mines Private Limited and Chowgule & Company Private Limited are respondents in this petition.
Global cat insured losses from natural and man-made catastrophes fell 40% to $ 56 bn in 2018: Swiss Re
Climate change is leading to more frequent and more severe secondary peril events, which manifest in different ways: more local flooding, torrential rains,prolonged drought, severe wildfires and other extreme weather events. Together, secondary perils are estimated to comprise more than 50% of this year’s global insured losses from natural catastrophes, demonstrating once again the very significant impact these events can inflict on societies.
MS Amlin confirms exit from domestic UK P&C classes
Tom Clementi, CEO of MS Amlin Underwriting Limited, commented: “The decision to place these classes into run-off will enable us to focus on our core markets and ensure we are best placed to serve our clients going forward. The decision aligns with the new underwriting strategy we outlined on 30th September and the steps we have taken to remediate the business since then. We are committed to supporting both our customers and our people through this process.”
Climate change has a significant impact on the liabilities of non-life insurers and reinsurers:EIOPA
Regarding climate risk, insurers and pension funds can play a key role in the transition towards a low carbon economy as major institutional investors, but this transformation carries significant investment risks as well. It is therefore crucial that both insurers and pension funds actively incorporate climate change risks in their own risk management frameworks.
Boeing to halt production of the risky 737 Max from January
After the two crashes, prosecutors, regulators and two congressional committees are investigating whether Boeing overlooked safety risks and played down the need for pilot training in its effort to design, produce and certify the plane as quickly as possible.
Fiat Chrysler-PSA’s 46-bn merger deal creates world’s 4th largest carmaker
The deal will give Peugeot-maker PSA a long-sought presence in North America and should help Fiat gain ground in developing low-emission technology, where it’s lagged rivals. Yet the company will still be heavily reliant on Europe’s saturated auto market, and poorly positioned in China, the world’s largest country for car sales
UK Financial Services sector remains resilient ahead of Brexit: Research
Britain’s financial sector wants the EU to grant at least some form of basic access to the bloc after the transition ends, though more than 300 banks, insurers and asset managers have opened hubs in the bloc in case this does not happen.
Weinstein deal seen as ‘Wake-Up Call’ for companies but punishing to some victims
Weinstein would avoid paying any of his own money and he would not be required to admit wrongdoing as part of the deal. Insurance companies representing the Weinstein Company would cover the settlement’s cost, the Times reported.
Pirates attack oil tanker in West Africa, kidnapping another crew
About 82% of crew kidnappings globally take place in the Gulf of Guinea, according to the IMB. The region remains a hotspot despite a worldwide decline in piracy in the first nine months of the year, compared with the same period in 2018. Passing ships have been advised to stay at least 200 nautical miles from the Gulf’s coast and preferably 250 nautical miles away, the Bureau said Monday.
Catholic Church abuse allegations being raised in Japan
Pope Francis has emphasized the global nature of the abuse problem, summoning bishops conference leaders from around the world to the Vatican this past February and passing a new law requiring all cases be reported to church authorities.