Sustainable Development Goal 3 also identified universal health...
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IRDAI convenes an urgent meeting of re/insurance CEOs on Monday over Surety Bonds logjam
After Nitin Gadkari, union minister, Ministry for Road Transport...
“There is an urgent need to lower the premium rates, and making the PMFBY fiscally sustainable”
Girija Kumar, chairman and managing director, Agriculture Insurance...
Hurricane activity could pick up as El Nino fades, say forecasters
The National Oceanic and Atmospheric Administration’s Climate Prediction Center said Thursday the Atlantic season looks more active than normal as peak hurricane season begins. Forecasters now expect 10 to 17 named storms, with five to nine hurricanes and two to four major ones.In May, they forecast a normal season, one or two fewer named storms and hurricanes.
EU fights spread of African swine fever with 10 countries now affected
The situation “is very worrying,” EU Commission spokeswoman Anna-Kaisa Itkonen told a media briefing , urging action against a “catastrophic animal disease” which industry officials in Bulgaria fear could cause damages of up to 2 billion levs ($1.15 billion).
Lloyd’s, London market insurers surpass Q2 electronic placing targets
Much of the electronic risk placement is being handled by the London market’s electronic placing platform, PPL. Some London market business, such as treaty reinsurance, cannot be carried out on the platform. Therefore, it analysis of the extent of electronic placement includes so-called in-scope risks.
UK insurers settle 99% of cyber insurance claims
The Association of British Insurers (ABI) has been asking the Information Commissioner’s Office (ICO) to make anonymised cyber breach data publicly available, which would enable insurers to price risk more accurately and manage exposure more effectively by feeding this data directly into their modelling
Cyberattacks grew 22% on India’s IoT deployments in Q2
Among the 15 Indian cities from which data was gathered, Mumbai, New Delhi and Bengaluru are attracting the maximum number of cyberattacks, revealed the study by Bengaluru-headquartered telecom solutions provider Subex.During the quarter, the researchers registered 33,450 high-grade attacks, 500 of which were very high sophistication.
Global commercial insurance pricing up 6% in Q2:Marsh
CAT pricing increased double digits in several Asian countries,including Singapore, Hong Kong, and India.
President gives assent to Motor Vehicles Bill
Driving without insurance will be punishable with Rs 2,000 fine, while driving without helmets will attract Rs 1,000 penalty and three-month suspension of licence.
Tata Motors, Mahindra cut production to align with tapering market demand
According to SIAM data, vehicle wholesale across all categories declined 12.35 per cent to 60,85,406 units in April-June 2019 against 69,42,742 units in the same period of last year.
As breaches rise, so do the paychecks for Cybersecurity professionals
In April, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told shareholders that cybersecurity “may very well be the biggest threat to the U.S. financial system.” His counterpart at Bank of America Corp., Brian Moynihan, said previously that the lender’s cybersecurity unit operates with an unlimited budget.
Tesla under U.S. scrutiny over safety claims
The Elon Musk-led electric-car maker claimed in October that its Model 3 car had the lowest risk of occupant injury of any vehicle in U.S. government tests, but U.S. National Highway Traffic Safety Administration (NHTSA) said it was inconsistent with the agency’s usage guidelines