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War insurance costs spike for ship owners as Black Sea threats grow, sources say
War insurance costs for some port calls have been quoted between...
Govt incorporating suggestions at final stages of Atomic Energy Bill : Jitender Singh
Union Minister Singh also reiterated that as announced in the...
Japan Airlines plane on fire at Tokyo’s Haneda airport,all 379 passengers, crew escape
All the 367 passengers plus eight toddlers and 12 crew on board the Airbus SE A350-900 plane were safely evacuated, an airline spokesperson said by telephone. Flight JL516, operated by a 2 year old Airbus A350-900 jet, took off from New Chitose airport near Sapporo at...
Japan issued tsunami alerts after a series of strong quakes in the Sea of Japan
A tsunami of about 3 metres high was expected to hit Niigata and other prefectures on the western coast of Japan. Smaller tsunami waves were already confirmed to have reached the coastline, according to NHK.The area includes a nuclear plant. Tokyo Electric Power Co.,...
Eurostar cancels trains due to flooding, stranding hundreds of travelers in Paris and London
The U.K. has been battered by strong, gusty winds and heavy rain brought by Storm Gerrit throughout the holiday period. More stormy weather and travel disruption is expected during the last weekend of the year The holiday travel plans of hundreds of people were...
Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter
Global property catastrophe reinsurance risk-adjusted rate changes averaged from near-flat to single-digits up for non-loss impacted and 10%-30% up for loss-impacted programs, with a wide range of outcomes around these averages Guy Carpenter and AM Best’s 2023...
Risk Report: Building Risk Culture for India Inc
Sanjeev Mantri, MD & CEO, ICICI General Insurance Profound urgency of Climate Change continues to be undervalued among India Inc. Only Energy and Utilities, Hospitality, Infrastructure and Real Estate and FMCG sectors identified Climate Change and Natural...
Hapag-Lloyd to decide on Wednesday about Red Sea routes
The world's top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen's Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany's Hapag-Lloyd will decide on...
Govt clears proposal to appoint EDs in PSU gen insurance companies, interviews for 9 EDs soon
The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi has finally approved the proposal of the Department of Financial Services for framing of guidelines for appointment of EDs in all public sector general insurance companie Currently,...
Number of new Covid cases increased 52% globally in past one month: WHO
WHO said over 118,000 new COVID-19 hospitalisations and over 1600 new intensive care unit (ICU) admissions have been recorded, with an overall increase of 23 per cent and 51 per cent, respectively, globally Geneva: The number of new COVID cases increased by 52 per...
Britain and Switzerland agree wide-ranging financial services trade deal
“It is an agreement based on deference: Swiss firms can operate inside the UK under Swiss rules and UK firms can operate inside Switzerland under UK rules,” UK's Chancellor of the Exchequer Jeremy Hunt said. “This is a light-touch, progressive, future-leaning way of...
Special camps to be organised in TN’s 4 districts to settle insurance claims once flood water recedes: FM
As many as 31 people have lost their lives in the four districts while a total of 73,574 hectares of agriculture crop area and 35,796 hectares of horticulture area have been affected due to heavy rainfall during December 16-19 Chennai: Finance Minister Nirmala...