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AAIB to probe helicopter crash in Uttarakhand
Five people were killed and two others injured in the helicopter...
Patrick Tiernan appointed as Lloyd’s CEO
Patrick Tiernan, CEO-designate, Lloyd's “My primary focus will be...
Bhaskar returns to GIC Re as GM
State owned GIC Re has announced the appointment of Girija Subramanian, general manager(GM) of the corporation as chairman-cum-managing director of Agriculture Insurance Company and relieved from the corporation with effect from Friday. Madhulika Bhaskar, who was...
Global insurance sector outlooks at risk from inflation, rising rates:Fitch
Non-life insurance sectors would typically be most exposed under the scenario, particularly those with a high proportion of long-tail business where higher-than-anticipated claims inflation could lead to reserve deficiencies London: Insurance sector outlooks in...
‘Clairvoyant’ 2012 climate report warned of extreme weather
In a report that changed the way the world thinks about the harms of global warming, the Intergovernmental Panel on Climate Change’s special report on extreme events, disasters and climate change warned in 2012: “A changing climate leads to changes in the frequency,...
Temp expected to go up by 2.2 degrees Celsius by 2050 in Assam
Assam is highly vulnerable to climate change due to its geographic proximity to the delta region and poor socio-economic conditions and it is reflected in the exposure, sensitivity, and adaptive capacity of the local population to climate-induced extreme events such...
20 crash-prone zones identified as hit-and-run zones in 2021: Delhi Police
The report identified pedestrians as the most vulnerable road users and two-wheelers as the second most vulnerable categories constituting 41 per cent and 38 per cent of the total persons killed in road crashes, respectively in 2021 New Delhi; The Delhi Police...
69 pc people in India seeing severe effects of climate change: Survey
Twenty-two countries show a majority reporting that they have already been severely impacted by climate change, including nine countries where it exceeds two-thirds of all those surveyed: Mexico (75 per cent), Hungary (74 per cent), Turkey (74 per cent), Colombia (72...
Tapping Indian Surety Bonds Market
Vishwajeet Kadam The Indian Surety insurance business will assist in developing an alternative to bank guarantees for construction projects. This shall enable the efficient use of working capital and reduce the requirement of collateral to be provided by...
Web-connected devices in EU have to meet new cybersecurity rules or face fines
New rules from the European Commission called the Cyber Resilience Act, set to become public next week, are aimed at improving the security of devices in the face of surging online attacks across the globe. Damages from software and hardware cybercrime amounted to...
Lloyd’s to pay an extra £2,500 to some staff cover their rising living costs in UK
A consequent rise in interest rates to combat inflation contributed to a loss of £1.8 billion in the first six months of the year at Lloyd’s, Neal said. The decline in profit was attributed to a net investment loss of £3.1 billion from unrealized mark-to-market...
Gallagher Re launches new academic research centre
London:Gallagher Re, the global reinsurance broker, today has announced the launch of the Gallagher Research Centre (“GRC”). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr Tina Thomson as Global Head of Research, the...