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Boeing, Honeywell sued by Air India crash victim families
The lawsuit filed on Tuesday in Delaware Superior Court blames...
Insurers lose bid to appeal London judgment over jets lost in Russia
The decision marks another milestone in one of the largest lawsuits...
Aon’s first-of-its-kind collaboration with AfDB and AI startup to catalyze regenerative agriculture in Africa
The collaboration intends to leverage first-of-its-kind, farm-level data produced by Amini that is intended to enable Aon’s support of the African Development Bank’s Africa Climate Risk Insurance Facility for Adaptation to develop innovative de-risking solutions and...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management, with Hong Kong, New Delhi, Shanghai, Singapore and Tokyo scoring high for culture of readiness Bangkok, Dhaka and Jakarta are poorly equipped to respond to flood, while New Delhi and Dubai are...
Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa
Isaac Meek,cyber senior underwriter, Markel In his new post, Meek will work closely with Priyesh Pradhan, Professional and Financial Risk (PFR) Senior Underwriter at Markel India, to drive the growth of Markel’s cyber offering in MENA and the broader Asia-Pacific...
AM Best revises outlook on India’s Non-Life Insurance segment to stable
The Best’s Market Segment Report, “Market Segment Outlook: India Non-Life Insurance,” notes that factored into the outlook revision are recent regulatory shifts that have allowed for increased and new investments in Indian insurers by multinational players and direct...
Former BoI MD Atanu K Das selected as next IIRM director
The post of the director at IIRM will fall vacant shortly as the incumbent Suresh Mathur, who is on deputation from the IRDAI, will be retiring soon Hyderabad: Atanu Kumar Das, former MD & CEO, Bank of India(BoI), 60, has been selected by the insurance regulator...
Strong quake in Philippines triggers tsunami warnings and evacuations
The U.S. Tsunami Warning System, which initially warned of waves of up to 3 metres (10 feet) above the usual high tide level, later said there was no longer a tsunami threat The Philippine Institute of Volcanology and Seismology, Phivolcs, maintained that the risk of...
Govt has no plans to table `The Insurance Bill, 2023 during Winter Session of Parliament
``By all means, the fate of the `The Insurance Bill, 2023’ is now sealed and it depends upon the next government, which will be in place by June 2024, to take a call on this legislative document,’’ said government sources New Delhi: Any hope of `The...
Europe agrees on rules to protect smart devices from cyber threats
Manufacturers will have to assess the cybersecurity risks of their products, provide declarations of conformity and take appropriate action to fix problems during the expected lifetime of the product or for at least five years EU countries and EU lawmakers on Thursday...
Govt is committed to develop a `Global Reinsurance Hub’ in India: Sitharaman
Nirmala Sitharaman, Union Finance Minister Lloyd’s is evaluating its options for setting up in GIFT City. The summit jointly organised by IFSCA and IRDAI has allowed the market to engage with the two regulators and obtain clarification on a number of areas, said...
UK health insurance rates to soar on surging claims-industry experts
British individual and workplace health insurers paid out a record of nearly three billion pounds ($3.74 billion) for claims in 2022, an ABI spokesperson said. Employers are enthusiastic about offering health cover, as delayed treatment can lead to sickness and...