Ergo, the primary insurance business of reinsurer Munich Re, will...
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Red Sea insurance rates to stay firm as US airstrikes raise fears for ships
War risk premiums briefly eased to around 0.5% of the value of a...
Home Insurance- Gaining Momentum in India’s Real Estate Market
Insurers are increasingly introducing innovative, customer-centric...
AM Best downgrades Russian insurers Ingosstrakh and SOGAZ
These credit ratings have been placed under review with negative implications due to heightened geopolitical, economic and financial system risk in Russia, where both Ingosstrakh and SOGAZ is domiciled and underwrite the majority of their business, said AM Best...
Russian ransomware attacks on Ukraine muted by leaks, insurance woes
One reason for that could be a loophole in cybersecurity insurance policies. Experts and industry-watchers say the more sophisticated digital extortion gangs tend to focus on insured organisations because the victims already have a policy to make the payoff, making...
UN climate report urges world to adapt now, or suffer later
While governments need to drastically curb their emissions to prevent runaway global warming, they can also work to limit suffering by adapting to the conditions of a warmer world, the report says. That will take a lot of money - to finance new technologies and...
‘Delay means death’ – UN climate report urges immediate, drastic action
On nearly all counts, the report makes clear that climate change is impacting the world far faster than scientists had anticipated. Noting that nearly half the world's population was already vulnerable to increasingly dangerous climate impacts, the report calls for...
Toyota suspends domestic factory operations after suspected cyber attack
Japanese Prime Minister Fumio Kishida said his government would investigate the incident and whether Russia was involved "It is difficult to say whether this has anything to do with Russia before making thorough checks," he told reporters TOKYO: Toyota Motor Corp said...
Kenyan farmers test insurance to ward off climate-driven hunger
On Monday, a key science report from the Intergovernmental Panel on Climate Change warned of growing pressure on food production and people's ability to get enough to eat on a hotter planet, which it said would fuel malnutrition, especially in vulnerable regions like...
People flee to rooftops as ‘weather bomb’ submerges Australian towns
Several regions have seen rainfall records for February broken because of the relentless downpour, with some places getting more than a month's or more than a year's rains in one day Insurer Suncorp on Monday said it had received more than 5,000 claims related to the...
MoF may ask a GIC Re official to hold charge of NIA CMD
According to sources in the industry, some of the general managers of GIC Re, who are being considered to hold charge at NIA are Madhulika Bhaskar and Jayshree Ranade New Delhi: The Ministry of Finance may ask a senior official of GIC Re to head New India...
At least 10 dead in Indonesia earthquake as search continues
Indonesia, a vast archipelago of 270 million people, is frequently struck by earthquakes, volcanic eruptions and tsunamis because of its location on the "Ring of Fire," an arc of volcanoes and fault lines that arcs the Pacific Jakarta: Search efforts continued Sunday...
New California rules aim to lower property insurance rates
New rules will require insurance companies to factor property owners’ improvements into the pricing of residential and commercial coverage SACRAMENTO, Calif: California’s insurance commissioner announced new rules on Friday aimed at lowering premiums for people who...