The claim alleges that the floods, which closed the Prospecton...
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DGCA puts in place special audit framework for ‘360-degree’ safety evaluation of Indian aviation ecosystem
The audit framework will cover the entire range of aviation...
Iran-Israel war escalation to impact India’s trade with West Asia, say experts
Nearly 30 percent of global oil and a third of the world's LNG...
Australia flags tough new data protection laws this year
Australia's Attorney-General Mark Dreyfus said penalties for failing to protect personal data had to be increased so that corporate boards could not dismiss fines as a "cost of doing business." The "absolutely huge amounts" of customer data companies held for years...
Gallagher Re makes strategic appointments to further enhance service capability in Asia Pacific
Mark Morley, Managing Director, Head of Asia Pacific, commented: “As we continue to invest in the depth and capability of our offering across Asia Pacific, appointments such as these ensure that Gallagher Re is positioned to serve the evolving requirements of our...
One of strongest storms Hurricane Ian to make landfall in Florida
Samantha Montano, an assistant professor of emergency management at Massachusetts Maritime Academy, said the powerful winds may not do the worst damage. “Certainly, the wind threat is significant with this storm,” said Montano. “But I think it’s definitely from the...
Global average annual insured losses from extreme events exceed $120 Billion: Verisk
Verisk estimates that on an annual average basis, catastrophes around the world are expected to cause about $123 billion in insured losses compared to an average of $74 billion in actual losses over the past 10 years “The most significant factor driving increased...
QIC Global aligns core companies to assume Antares name
The well-known and well-regarded Antares brand – the name of QIC Global’s London and Asia-based Lloyd’s business – has been chosen to reflect the international nature of the wider group’s client base and global operations. QIC Global is part of the QIC Group, which is...
DBS Bank India provides credit insurance cover to Tata Metaliks in collaboration with HDFC ERGO and Atradius
Through the collaboration between DBS, HDFC ERGO and Atradius, this solution enables corporates to transfer the risk of their account receivables onto an insurer while getting financing against those insured receivables from a bank Mumbai: DBS Bank India Limited today...
EU proposes rules making it easier to sue drone makers, AI systems
Under the draft rules, victims can seek compensation for harm to their life, property, health and privacy due to the fault or omission of a provider, developer or user of AI technology, or for discrimination in a recruitment process using AI Users can sue for...
Stellar cast of panellists unveiled for 18th SIRC
Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth and and Monetary Authority of Singapore Board Member Guest-of-Honour, Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture,...
Losses from Super Typhoon Nanmadol expected to be manageable for Japan Insurers
Secondary perils such as hurricane-induced flooding, storm surges and landslides are not modeled to the same extent as primary perils, and loss creep was an issue for insurers after 2018’s Typhoon Jebi HONG KONG: Given Super Typhoon Nanmadol’s reduced strength upon...
Gas leaks in Russian pipelines to Europe stoke sabotage fears
Sweden's Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, the day after a leak on the nearby Nord Stream 2 pipeline was discovered that prompted Denmark to restrict shipping and impose a small no fly zone STOCKHOLM/COPENHAGEN: Europe...