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Businesses expect a surge in conflicts and disputes as risk landscape worsens, Clyde & Co report
James Roberts, Partner, London, said: “Economic pressures are...
July 1 reinsurance renewals confirm downward pricing pressure: Fitch
Pricing across most reinsurance lines continued to gradually fall,...
Reinsurance: Jan 1 renewals see favourable market conditions
David Howden, founder & CEO, Howden Headwinds are nevertheless likely to persist into 2024. Expectations are for modest economic growth across advanced economies. Inflation volatility, climate change, the net-zero transition, civil unrest and war, can be more...
Why truck-bus-tanker drivers are up in arms against new law for hit-and-run cases?
There's a lack of consensus, with some arguing that over-speeding alone is not rash driving. The criteria for rash and negligent driving remain arbitrary and unclear, advocate Shashank Dewan New Delhi: With nation-wide strikes by truck drivers entering the second day...
Global shipping firms continue to pause Red Sea shipments
The Suez Canal is used by roughly one third of global container ship cargo. Redirecting ships around the southern tip of Africa is expected to cost up to $1 million in extra in fuel for every round trip between Asia and northern Europe Denmark's Maersk and German...
Truckers’ strike: AIMTC says govt assures discussion on new accident law; urges drivers to end protest
Under the Bharatiya Nyaya Sanhita (BNS), set to replace the Indian Penal Code, drivers who cause serious road accidents due to negligent driving and run away without informing authorities face up to 10 years in prison or a fine of Rs 7 lakh Mumbai/ New Delhi:...
Social media firms gained USD 11 billion in ads from under-18 users’ engagement in 2022, finds study
The researchers said that while these social media giants may claim to be able to self-regulate their practices in reducing harm to young people, they are yet to do so. Social media giants like Instagram, X (formerly Twitter) and Snapchat collectively gained nearly...
Bengal govt fears flash-floods in Sikkim changed Teesta River’s trajectory in north Bengal
Apprehending that this frequent change in trajectory might impact the economic structure of the hills and plains of north Bengal to a great extent in the coming days, the irrigation department has decided to conduct a thorough “morphology survey” of the river Kolkata:...
US family credits Apple’s AirTag that tracked down stolen luggage, thief
Earlier this year, AirTag helped a passenger to track his lost wallet, even after American Airlines could not find it. The passenger shared the incident on X, mentioning that after realising that he lost his wallet, he contacted American Airlines and they said that...
Japan issued tsunami alerts after a series of strong quakes in the Sea of Japan
A tsunami of about 3 metres high was expected to hit Niigata and other prefectures on the western coast of Japan. Smaller tsunami waves were already confirmed to have reached the coastline, according to NHK.The area includes a nuclear plant. Tokyo Electric Power Co.,...
Gujarat police register rape case against Cadila Pharma CMD after HC order
The CMD of the Ahmedabad-based pharma company was booked on Sunday under Indian Penal Code (IPC) sections 376 (rape), 354 (assault or criminal force to woman with intent to outrage her modesty), and 504 (intentional insult with intent to provoke breach of the peace),...
Indian health insurance industry anticipates a transformative 2024
Prasun Sikdar, MD and CEO, ManipalCigna Health Insurance The initiatives such as a unified network of hospitals and 100% health insurance claim settlement system nationwide will offer flexibility to consumers and significantly reduce the financial burden With growing...