Tokio Marine GX (TMGX) will offer up to $500 million on any single...
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General re/insurers to spend Rs 400 cr over next 3-4 yrs in nationwide awareness campaign, Life insurers to follow soon
From L to R-Tapan Singhel, MD&CEO, Bajaj General Insurance,...
Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets
The tentative agreement would allow require Boeing to contribute...
Insurance for Ukraine grains shipments cut after Russia suspension -sources
Ships entering the three ports, which have been part of the agreement, are usually required by their banks to have various insurance policies in place including hull and cargo war cover, which is renewed every seven days London: Insurers are no longer offering new...
India saw an extreme weather event on almost 90 pc days in first 9 months this year: CSE report
These disasters claimed 2,775 lives, affected 1.8 million hectares (ha) of crop area, destroyed over 4,16,667 houses and killed close to 70,000 livestock, stated the report, 'Extreme Weather Report 2022', released by the Centre for Science and Environment (CSE New...
Lockton Asia appoints Ben Son as Korea CEO
"Combining the teams' expertise, reputation, relationships, and revenue, will result in continued acceleration of Lockton Korea's growth trajectory and position as a leading insurance brokerage," said Juyeol Lee, President of Lockton Korea SEOUL: Lockton, the world's...
More than 75 planes of Indian carriers grounded due to maintenance, engine issues: Report
Significantly none of the domestic airlines, including two listed companies -- IndiGo and SpiceJet -- have so far made any public announcement on the grounding of the planes. "These will have a significant impact on financials in the second half," CAPA said in its...
Car or robot? Unlocking the future of autonomous vehicles
The successful adoption of autonomous vehicles in and by cities also requires innovative policies. Regulatory bodies need to emphasize how these vehicles interact with pedestrians and other vulnerable road users not only algorithmically but also through...
Insurer Ascot pauses writing new cover for Ukrainian shipments
“From today we are pausing on quoting new shipments until we better understand the situation,” Ascot head of cargo Chris McGill told Reuters. "Insurance that has already been issued still stands.” London: Lloyd’s of London insurer Ascot is pausing writing cover for...
Cyber officials from 37 countries, 13 companies to meet on ransomware in Washington
One key topic for discussion will be how to disrupt such attacks, counter the illicit movement of cryptocurrencies and build resilience against such attacks, the official said The White House hopes the meeting will allow participating countries to "institute a set of...
Turning City of London into the ‘Wild West’ would be self-defeating, says BoE’s Woods
Sam Woods,Deputy Governor Bank of England London: Turning the City – London’s financial district – into a “Wild West“ to attract more business after Brexit would be self-defeating as maintaining financial stability is key to competitiveness, Bank of England Deputy...
Unseasonal rains affecting Kharif crops, to impact food inflation: SBI Research
"In states like UP, the unseasonal rain was more than 400 per cent above the normal. Overall, India has received a staggering 54 per cent above normal rains in October so far," it said New Delhi: Unseasonal rains in parts of India in October may have a large negative...
Russia halts UN brokered Ukraine Black Sea grain exports
The U.N. chief said the grain deal brokered by the United Nations and Turkey in July helps "to cushion the suffering that this global cost-of-living crisis is inflicting on billions of people, his spokesman said Kyiv: Russia announced Saturday that it will immediately...