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Climate change damage to infrastructure poses ‘huge’ financial risks
Disasters are causing average losses of $732 billion-$845 billion...
After NCLT snub, Torrent Investment once again knocks SC’s doors
In a fresh Letter of Urgency, Torrent Investment has stated that...
For every new A320neo plane added to existing fleet, ground an old one: DGCA tells IndiGo
Efforts undertaken by IndiGo to replace all unmodified PW engines on A320neo family aircraft by 31 January next year, according to the DGCA’s instructions, do not “instill enough confidence with regard to the timely completion of the said task”, the official noted.
IRDAI suggests no depreciation for the first 3 years in motor claims
For brand new private car upto three years, the sum Insured will represent the current day on-road price of the vehicle insured including Invoice value, Road Tax& Registration charges and value of all accessories fitted thereon by the manufacturer. The value of accessories fitted by the Insured shall be separately mentioned
Boeing settles more than 60 wrongful death cases filed after Lion Air Crash
All the lawsuits have been working their way through the federal court system in Chicago, where Boeing is based, as the company tries to fend off allegations that both crashes were the result of design flaws in its 737 Max aircraft.
Indonesia starts insuring state assets after year of disasters
The assets are going to be insured against natural disasters such as earthquake, floods and fires, as well as man-made disasters like rioting, terrorism and plane crashes
Cyber attacks top the India Inc’s risk chart: Marsh & RIMS Survey
Some other risks which are identified as a part of Top 10 risks for India Inc are- data fraud or theft, fiscal crises, failure of critical infrastructure, failure of critical infrastructure, failure of climate change adaption, asset bubble, energy price shock, terrorist attacks and failure of urban planning
Vulnerability detected in WhatsApp; CERT-In issues advisory
The advisory comes in the backdrop of recent developments where WhatsApp had informed the Indian government in September that over hundred Indian users were targeted by the Israeli spyware Pegasus.
No more amendments to Motor Vehicles Act: Govt
Citing statistics, Gadkari said in September-October, 2018, Uttar Pradesh saw 1,503 road fatalities while in the same period in 2019, the figure came down by 9.8 per cent to 1,355.
Cabinet approves a single regulator for all financial services in GIFT City
“The unifed body will be headed by a chairman and each of the regulators like Reserve Banof India, Sebi, PFRDA and IRDAI will have one representaives in the single regulatory body,” said Sitharamn after th Cabinet meeting,
Aon to acquire small-medium business digital insurance agency Cover Wallet
The acquisition provides Aon with additional access to the fast-growing, $200+ billion premium digital insurance market for small and medium-sized businesses, as well as the opportunity to leverage CoverWallet’s platform to develop and scale innovative digital client experiences that support the firm’s Aon United growth strategy.
Passenger vehicle October retail sales up 11% on festive demand: Report
“October retails were in the positive, giving a much-needed respite to the auto industry – especially to our dealer community – after months of de-growth,” FADA President Ashish Harsharaj Kale said.