The entire Himalayan belt is increasingly vulnerable to...
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UK sanctions Russia’s Lukoil and Rosneft, targets shadow fleet
"We are introducing targeted sanctions against the two biggest oil...
Cybercrime causing global economic damage of almost US$10 tn,1% of cyber risks currently insured: Munich Re
Claudia Strametz, who leads Munich Re's business for Germany and...
Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re
Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...
Govt says crop insurance claims worth Rs 2,761.10 cr pending under PMFBY till 2021-22
Narendra Singh Tomar, Union Agriculture Minister Out of the pendency of claims, the maximum was in Rajasthan (Rs 1,387.34 crore), followed by Maharashtra (Rs 336.22 crore), Gujarat (Rs 258.87 crore), Karnataka (Rs 132.25 crore) and Jharkhand (Rs 128.24 crore), the...
AB-PMJAY: BAGI wins Gujarat, RGI bags Meghalaya, NIC retains Jharkand
Bajaj Allianz General Insurance has outbid Oriental Insurance Company to win the mandate for Gujarat and Reliance General Insurance has pushed out National Insurance Company(NIC) for Meghalaya in competitive bidding Reliance General Insurance will be earning a premium...
Ukraine’s drone attack yet to jolt insurance for Black Sea oil carriers
As of Monday, the extra insurance premium ships pay when entering risky areas was stable compared with levels prior to the weekend attack, according to two people familiar with the market. The figure is closely watched by traders and shipowners alike for whether it...
El Niño could have a significant impact on renewable energy production, WTW report
``Developers must carefully plan and factor the various worst-case scenarios into their risk model to ensure new projects are commercially viable going forward. There are also innovative insurance tools available such as parametric solutions that can provide revenue...
Profits at Warren Buffett’s firm reach USD 36 billion as stocks surge and its insurance holdings perform well
Warren Buffet,chairman and CEO of Berkshire Hathaway Underwriting profits at Geico rebounded to USD 514 million as it raised premiums on its auto insurance customers by an average of 16 per cent and continued to cut back on its ubiquitous lizard ads while paying out...
Heat and wildfires put southern Europe’s vital tourism earnings at risk
US.-based climate technology startup Sensible Weather is developing insurance that would compensate people if extreme heat wrecks their holiday It's rolled out “weather guarantee” coverage to travel companies in the UK, France and the US, which pays travellers if...
Romania bids to clear Danube logjam after Ukraine attack, insurers impacted
Ukraine will insure ships that import and exports goods through the Danube and is considering the possibility of providing cover for ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal...
Swiss Re net income surges off low catastrophe-linked losses
In its key property and casualty business, Swiss Re booked $634 million in large natural catastrophe losses in the first half from the earthquake in Turkey and Syria, Cyclone Gabrielle, and flooding in New Zealand. All are events that occurred in the first quarter...
Ukraine weighs possibility of insuring ships going via ‘grain corridor’ – Interfax-Ukraine
Ukraine is considering the possibility of insuring ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal. “Now we are discussing in the government and, I am sure, we will make a decision on...