The Southeast Asian archipelago is one of the most seismically...
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Geopolitical volatility surges into top 10 business risks for the first time, Aon study
"The dramatic rise of trade and geopolitical risk highlights a new...
Boeing in early stages of developing 737 MAX replacement
The U.S. planemaker has also been designing the flight deck of a...
Not politics, not interest rates: India’s surging economy at risk from water
The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest. Contaminated water kills about 200,000 Indians each year, according to the government. People and the economy are...
Houthis intensify attacks on merchant ships, send drone boats packed with explosives into the Red Sea
Insurance industry sources said that additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.7% of the value of a ship in recent days from around 1% earlier this year, adding hundreds of thousands of dollars of extra costs and the...
Paytm launches ‘Paytm Health Saathi’ for merchant partners
At Rs 35 per month, Paytm Health Saathi offers a range of services that includes unlimited doctor teleconsultation, and in-person doctor visits (OPD) within its partner network. It also includes income protection cover in the event of business interruptions due to...
Vaishnaw calls for global collective efforts to deal with risks, dangers posed by AI
“The whole package… the whole AI Mission which was approved by the Cabinet a couple of months back… the team is working on setting the foundation and all seven pillars… and maybe in two-three months we will be launching this mission,” Vaishnaw said while speaking at...
China refines financial stability law to strengthen risk prevention
The bill aims to establish a comprehensive cross-agency mechanism for risk detection and mitigation within the financial system, as the country grapples with a prolonged real estate crisis and vulnerabilities in smaller banks China’s new financial stability law draft...
Scientists wary of bird flu pandemic ‘unfolding in slow motion’
“It almost seems like a pandemic unfolding in slow motion,” said Scott Hensley, a professor of microbiology at the University of Pennsylvania. “Right now, the threat is pretty low … but that could change in a heartbeat.” Scientists tracking the spread of bird flu are...
Hathras Stampede: Death toll rises to 121 occurred at a`satsang’
"The incident happened due to overcrowding at the time when people were trying to leave the venue," Hathras district administrator Ashish Kumar told reporters HATHRAS (UP): Over 121 people died and several others were injured in a stampede at a religious congregation...
Insurers achieve positive mid-year renewal outcomes, Global reinsurance capital reaches a new record of $695 billion by Q1 2024, says Aon
Aon Securities estimates that overall ILS capital increased to an all-time high of $110 billion through the second quarter, increasing from $108 billion at year-end 2023, with a record $46 billion of catastrophe bond limit on-risk. For the first time, more than $8...
Beryl makes landfall as Category 4 hurricane on island near Grenada
"This is an extremely dangerous and life-threatening situation," the US National Hurricane Center said. Experts say that such a powerful storm forming this early in the Atlantic hurricane season -- which runs from early June to late November -- is extremely rare....
Cyber insurance premiums falling globally, businesses become more adept in curbing their losses, Howden Report
Business interruption is usually the biggest cost following a cyber-attack, but businesses are able to reduce those costs with better back-up systems, such as through the use of cloud providers, the report said Cyber insurance premiums are falling globally as...