India-linked entities named include the Barbados-flagged vessel...
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Climate Risks: More than 450 people sue Japan govt seeking damages of 1,000 yen ($6) each
The case in Japan follows similar global lawsuits in which groups...
Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide...
With ‘zero casualty’ goal, India becomes global leader in disaster management: Amit Shah
Union Home Minister Amit Shah said that earlier the approach to disaster was relief-centric, but now the approach is 'rescue-centric' to save people from disaster, The working style has changed from reactive to proactive methodology. Now the 'zero casualty' goal is...
Amit Shah orders inter-ministerial team to investigate Rajouri deaths
Amit Shah,Union Home Minister The cause of the illness remains unidentified, despite extensive efforts by medical experts and organizations such as PGIMER Chandigarh, the National Institute of Virology, and the National Centre for Disease Control (NCDC) New Delhi:...
“For Munich Re, it is of utmost importance that rates and conditions are risk-adequate to insure sustainability of the business”
With the beginning of the renewal season in Asian region, Hitesh Kotak, Chief Executive - Japan, India, Korea and South-East Asia, Munich Re, in an exclusive interview with Asia Insurance Post, has said the reinsurance market has currently achieved a sensible balance...
Climate Risk: Is India Inc moving fast enough?
From a disaster management perspective, parametric solutions can also be valuable at a smaller scale. For example, they can protect microfinance institutions against their customers being unable to make scheduled payments due to extreme weather events Properly...
Bayer faces billions in payouts for decades-old toxic mess
On Tuesday Bayer was hit with a $100 million verdict in the most recent case blaming it for students and faculty at a Seattle-area public school being sickened by exposure to polychlorinated biphenyls, or PCBs, contained in aging fluorescent-light fixtures.The company...
CoreLogic estimates California wildfire insured losses at $35 to $45 billion
This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...
Country can’t afford to take cyber security resources from even friendly country: IT Secretary
"There is a crucial story, especially in something like cyber security. The crucial story is that you have to have an independent resource within the country. You can't afford not to have it. This is not something where you can actually take it from other countries....
Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’
The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers who had bought Apple or Beats products LONDON: Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the...
India evaluating impact of proposed US restriction on AI chip export: Sources
The proposal has no restriction for 18 key allies of the US, which have been clubbed under Group 1, but there are restrictions on the quantity that can be exported to other countries under Group 2, including India New Delhi: India is evaluating the impact of the US...
Form panel to consider phasing out petrol, diesel vehicles: HC to Maha govt
A division bench of Chief Justice D K Upadhyaya and Justice Girish Kulkarni directed the government to form a committee of experts and civil administrators within a fortnight to consider whether it will be feasible to phase out diesel- and petrol-based vehicles from...