Mrutyunjay Mohapatra, Director General, India Meteorological...
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Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance
“BOXX’s digital-first, service-led approach will help us further...
Drones clear Mount Everest’s trash-covered slopes
Climate change is only adding to the urgency to clean Everest. Snow...
Global insured losses from natural disaster events reach $88 billion by the end of Q3 2023, says Aon report
For the first time, insured losses from SCS in the U.S. surpassed $50 billion and accounted for 60% of global insured losses London: Aon plc in its Q3 Global Catastrophe Recap report has revealed that that global insured losses from natural disaster events had reached...
Evergreen line declares force majeure on Israel shipment -customer note
War risk insurance rates have soared more than tenfold in recent days to Israeli ports with growing concerns over an escalation in hostilities Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its...
Global economy exposed to $3.5 trillion from major cyber attack: Lloyd’s
“The global interconnectedness of cyber means it is too substantial a risk for one sector to face alone and therefore we must continue to share knowledge, expertise and innovative ideas across government, industry and the insurance market to ensure we build society’s...
Dabur India’s units face lawsuits in US, Canada alleging products caused cancer
Dabur India, which sells Vatika Shampoo and Honitus cough syrup brands, said it could not determine the financial implication due to settlement or verdict outcome at this stage but expected the defense costs to breach the materiality threshold in the near future New...
Lloyd’s approves Oka syndicate-in-a-box 1922, to focus on solution to protect against buyer-side carbon credit risks
The volume of carbon credit purchases has quadrupled over the past four years, with the market expected to grow exponentially as corporations make commitments to achieve net zero targets as a priority LONDON: Asta, the leading third-party managing agent at Lloyd’s,...
ILO and WHO review social protection impact in reducing socio-economic damage of next pandemic
Mia Seppo, ILO Assistant Director-General for Jobs and Social Protection, highlighted the complexity of the issues involved. “We see the discussions on a strengthened framework for prevention, preparedness and response as an opportunity to drive the point home that to...
Deadly Indonesian cough syrup was almost pure toxin, court papers show
The criminal case comes as efforts grow worldwide to tighten oversight of drug supply chains after a wave of poisonings linked to contaminated cough syrups that killed dozens more children in countries such as Gambia and Uzbekistan An Indonesian drugmaker whose cough...
Cat bond market is defying the global selloff with record returns
Big reinsurers like Swiss Re and Munich Re, as well as some real-economy companies, have increasingly looked to cat bonds as they try to protect themselves from once-in-a-lifetime disasters. In July, Blackstone Inc. turned to cat bonds to shield property assets from...
Govt aims to bring 1,500-2,000 products under mandatory quality certification in next 2-3 years: Goyal
Piyush Goyal,Food and Consumer Affairs Minister This year's theme has been centred on the pursuit of SDG-3 - ensuring accessible and safe healthcare for all.It is not just medical devices that need to conform with standards but the entire process in the...
Risk monitoring helps Air India prevent revenue loss of over Rs 3 cr
Airlines are a high-profile target for fraudsters, whether it be attempts to use stolen credit cards on our websites, to fraudulently claim frequent flier miles, or other scams, Wilson said Mumbai: Full-service carrier Air India has prevented revenue loss of over Rs 3...