As the New Year dawns, aviation stakeholders as well as the common...
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Heatwaves, wildfires, droughts and storms cost world more than USD 120 billion in 2025: Report
"These disasters are not natural — they are the predictable result...
Rising 3rd-party risks and persistent ransomware threats drive increased cybersecurity investments in 2026: Marsh
Among the key findings, nearly 75% of organizations globally...
2023- Record heat, worsened droughts, floods and bushfires around the world
Some 77 countries experienced their highest average annual temperature in at least 45 years. Temperature records were shattered from Canada to Brazil, Spain to Thailand Professor Albert van Dijk,Fenner School of Environment & SocietyAustralian National University...
Misinformation biggest immediate risk for India world extreme weather top long-term threat WEF study
On a short-term horizon of two years, the report identified 'misinformation and disinformation' as the biggest risk, followed by extreme weather events, societal polarisation, cyber insecurity and inter-state armed conflict in the top five LONDON: With close to 300...
FSIB kickstarts exercises to appoint 9 EDs in PSU general insurance companies
FSIB has shortlisted a few of GMs who were promoted in FY2022-23 and also in FY 2023-24, though they have not completed one year in the posts New Delhi: After deciding to convert the posts of general mangers and director(GMDs) into executive directors(EDs), the...
EV sales jumps 49% to 1.52 million units in 2023: Fada
The EV industry had recorded a total sales of 10,25,063 units in 2022, as per the data. New Delhi: Electric vehicle sales in India jumped 49.25 per cent year-on-year to 15,29,947 units in 2023, according to a data released by the Federation of Automobile Dealers'...
Record thunderstorm losses and deadly earthquakes in 2023, says Munich Re
Thomas Blunck, member of the Board of Management, Munich Re Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn). Overall losses tally with the five-year...
India’s exports may take a $30 billion hit on Red Sea disturbances
Higher global freight and insurance rates, possible upside risk to oil and global trade and re-emergence of potential supply chain would mean cost push inflation pressures New Delhi: India may see around $30 billion shaved off its total exports in the current fiscal...
PK Arora, Member, Actuary, IRDAI gets 2-yr extension
Pramod Kumar Arora, member, Actuary, IRDAI Though, the government had advertised for the post sometime back, it decided afterwards to give extension to Arora, who was also managing Reinsurance Department at the IRDAI New Delhi: The government has given two...
Japan earthquake casts cloud over push to restart nuclear plants
Nuclear power plants dot the coast of mountainous Japan, which is prone to earthquakes and tsunamis due to its location on the seismically active “Ring of Fire” around the Pacific Ocean The powerful earthquake that hit Japan’s western coast on New Year’s Day has...
Japan earthquake deaths top 100, insurance losses manageable
Catastrophe modeling firm Karen Clark & Co. said, total insured losses from the quake will reach $6.4 billion, with residential losses accounting for over two-thirds of the total Chanyoung Lee, director, analytics, AM Best, said "While the earthquake losses would...
Red Sea crisis may push shipping cost by up to 60 pc, insurance premiums by 20 pc: GTRI
The Houthi conflict's disruption of the Red Sea shipping lanes significantly impacts Indian trade, especially with the Middle East, Africa, and Europe, the Global Trade Research Initiative (GTRI) said New Delhi: The increasing Red Sea crisis may impact trade as it is...