President Droupadi Murmu The Bill introduces an elaborate framework...
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Catastrophe bonds linked to wildfires lose ‘untouchable’ status
More than $5 billion of cat bonds with some level of exposure to...
Cyber Insurance in India: Premiums, Ransomware and the AI
At this time the Indian cyber premium pool is expanding rapidly —...
Lloyd’s of London inadequate on ESG, Report says
French insurer Axa SA topped the property & casualty league table, while Japan’s Sony Financial Group came bottom London: The Lloyd’s of London insurance market’s environmental, social and governance standards are weak, as its members have exposure to fossil fuel...
Israel bracing for potential direct attack from Iran in days
The assault from Iranian soil has emerged as one of the main scenarios expected by the Jewish state and its allies, said the people, who asked not to be identified as they aren’t authorized to discuss the matter publicly. A bombardment with drones and precision...
ANALYSIS-Climate verdict for Swiss women a warning for European states, oil industry
It's "going to have a significant impact on the other pending cases before the European Court," said Tom Cummins, partner at British multinational law firm Ashurst. There are seven lawsuits pending at the ECtHR that rest their argument on the same rights violation...
Lloyd’s announces Dawn Miller as new Chief Commercial Officer and CEO of Lloyd’s Americas
John Neal, Lloyd’s CEO said,“The Americas represents over 60 per cent of our market’s total premium and as we look to increase our presence, it is vital that we have the right people on the ground to deliver our ambitions. The appointment of Dawn and Marc to their new...
Europe’s wildfires in 2023 were among the worst this century, report says
Preliminary data for the first three months of 2024 show almost double the average number of fires, although these did not have major impact in terms of burnt areas According to the report, the wildfires produced some 20 megatonnes of CO2 emissions, equivalent to...
Super election year increases risks of political violence in many countries, warns Allianz
As unrest can now spread more quickly and widely, thanks in part to social media, financial costs from such events for companies and insurers are mounting. Economic and insured losses from just seven civil unrest incidents in recent years cost approximately US$13bn...
Air India retains its insurance premium at $30 million, renews a larger fleet for FY 24-25
AI, which was renewed successfully on Apr 1 in the London market, has kept its old pack of insurers and reinsurers but has allocated higher shares to its own group company Tata AIG General insurance, which is now the leader for the policy and another...
WHO running campaign to ensure universal access to quality health services
Dr Tedros Adhanom Ghebreyesus, Director-General,WHO In 2021, 4.5 billion people, more than half of the world’s population, were not covered by essential health services, leaving them vulnerable to diseases and disasters. Even those who do access care often suffer...
Who Will Pay for the Baltimore Bridge Collapse?
Experts in maritime law and insurance said determining liability was particularly complex because of the many parties involved, from shipowners in Asia to insurers in Europe to companies around the world that move goods in and out of Baltimore. Numerous lawsuits are...
IMD using AI machine learning to enhance weather forecasts: Director general
"We aim to provide forecasts at the Panchayat or village level…tailoring weather information to sector-specific needs in agriculture, health, urban planning, hydrology, and environment," India Meteorological Department Director General Mrutyunjay Mohapatra said New...