These numbers are slightly above the long-term average for 1950 to...
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Liberty General to pay motor damage claims due to Operation Sindoor
In the aftermath of the recent cross-border shelling during...
Lloyd’s announces a new Executive Team
Commenting on the appointments, Patrick Tiernan, Lloyd’s Chief...
London as financial hub struggles to find its way in Brexit Britain
Sam Woods, chief executive of the Prudential Regulation Authority, faces calls from the insurance industry to support the relaxation of the Solvency II capital rules, which were written while part of the EU London: London is in danger of becoming a mere “regional...
China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19
The measure in Shenzhen rekindles the possibility of Shanghai-style lockdowns that forced tens of thousands of workers into isolation. Apple supplier Quanta Computer Inc., chipmaker Semiconductor Manufacturing International Corp. and Tesla Inc. were among the...
Luton Airport runway meltdown shows airports vulnerable to climate change
Airports Council International (ACI), a group representing airports globally, said it will soon publish an airfield maintenance handbook for members with a section dedicated to pavement management “This includes lists of probable cause of pavement distresses, and some...
China says medical insurance fund in the black, responding to concerns
Healthcare affordability is a sensitive issue in China. Costs are often high, with hospitals setting elevated prices for some drugs, and medical supplies and doctors known to over-prescribe. The government has started to reform price mechanisms for some medical and...
Ship insurers sail into unknown with Ukraine grain risks after deal reached
"There are a number of underwriters who have expressed an interest in writing this risk and one or two brokers also. It may well be a consortium that is formed," Neil Roberts, head of marine and aviation with the Lloyd's Market Association, told Reuters. A number of...
26.66 million people affected by floods in 2020; 1,365 lives lost: Union minister Shekhawat
Responding to a question in Lok Sabha, Jal Shakti Minister Gajendra Singh Shekhawat said Rs 21,190 crore of total damage of crops, houses and public utilities has been recorded in 2020 New Delhi: As many as 26.66 million people were affected by floods in the country...
Travelers reporting stranded luggage this summer jumped 30%: Mapfre
More bags are going missing as short-staffed airports and airlines struggle to keep up with luggage handling alongside surging travel demand.Most stranded luggage ends up resurfacing, thus not triggering reimbursement, the insurer said The number of travelers...
Ship insurers seek more assurances on Ukraine grain corridor
Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea Insurance for the ships would be possible “if a sensible solution were offered,” said Rory Colacicchi,...
India witnessed 36.29 lakh cyber security incidents since 2019 till Jun this year: Govt
The government is operating an automated cyber threat exchange platform for proactively collecting, analyzing, and sharing tailored alerts with organizations across sectors for proactive threat mitigation actions by them, Union minister Ajay Kumar Mishra said New...
Rising seas are the next crisis for the world’s ports
In the coming years, sea level rise, more intense storm surge and jack-up tropical storms will visit many of the world’s nearly 3,800 ports. Most of those ports are coastal; About a third are located in tropical bands vulnerable to the most powerful effects of climate...