A few years back, the US watchdog Federal Aviation Administration...
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Re/insurers get ready to shell out over Rs1600 crore($186 million) of claims for Air India’s devastating Ahmedabad crash
London market sources said there can be a claim of Rs 700 crore(...
Extreme heat kills half a million people globally each year, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist "Extreme heat used...
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says
Insurers are beginning to reduce coverage for solar businesses due to the rising severity of hailstorms according to GCube, which insures more than 100 gigawatts of projects in 40 countries. That has also brought uncertainty to future solar projects, due in part to...
Digital India Act unlikely to be in place before next general election: MoS IT Rajeev Chandrasekhar
Rajeev Chandrasekhar, Minister of State for Electronics and IT The proposed Digital India Act (DIA) has a lot of focus on the online segment. It will focus on making the internet open with rules to check on the dominance of certain players, focus on online safety and...
German firms diversify in Asia to reduce China risk – survey
Firms are building supply chains that are independent of China, shifting some operations away from the country and growing markets elsewhere in Asia, according to the survey of 566 companies conducted between Sept. 5 and Oct. 6 Nearly half of German companies...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management, with Hong Kong, New Delhi, Shanghai, Singapore and Tokyo scoring high for culture of readiness Bangkok, Dhaka and Jakarta are poorly equipped to respond to flood, while New Delhi and Dubai are...
Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa
Isaac Meek,cyber senior underwriter, Markel In his new post, Meek will work closely with Priyesh Pradhan, Professional and Financial Risk (PFR) Senior Underwriter at Markel India, to drive the growth of Markel’s cyber offering in MENA and the broader Asia-Pacific...
UP govt provides assistance of up to Rs 5 lakh under Farmer Accident Welfare Scheme
Yogi Adityanath, Chief Minister,Uttar Pradesh It is noteworthy that under the scheme, started by the Chief Minister in 2019, immediate assistance of up to Rs 5 lakh is being given by the District Magistrate in case of accidental death or disability of the farmers of...
Former BoI MD Atanu K Das selected as next IIRM director
The post of the director at IIRM will fall vacant shortly as the incumbent Suresh Mathur, who is on deputation from the IRDAI, will be retiring soon Hyderabad: Atanu Kumar Das, former MD & CEO, Bank of India(BoI), 60, has been selected by the insurance regulator...
Use of social media among youth is linked with unhealthy behaviours
The strongest evidence of harm was seen when individuals were exposed to risky health behaviour content on social media, such as alcohol advertisements, especially when it came to alcohol consumption and poor eating Researchers found that youths who use social media...
Attacks on doctors, nurses becoming trend in Bengal: Governor
CV Ananda Bose, Governor,West Bengal The Governor said that this trend of attacks on doctors, nurses and other hospital staff by aggrieved friends and relations of the patients should be checked at any cost Kolkata: Physical harassment and assaults on doctors, nurses...
Government bans “dark patterns” on ecommerce platforms; notifies guidelines
The notified guidelines will ensure clarity in the minds of all stakeholders -- buyers, sellers, marketplaces and regulators - as to what is not acceptable as unfair trading practices, the latter being liable under the Consumer Protection Act, Consumer Affairs...