The bench directed the Tamil Nadu government to issue a...
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Risk Management
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US cyber insurance premium shrinking to continue: Fitch
The cyber insurance line was profitable for 2024, but direct...
Near misses, fatal crashes force airlines to confront US worried fliers
“You shouldn’t be scared to get on an airplane, but you should be...
Russian oil’s Achilles’ heel: insurance
Insurers from Europe and the United States, which dominate the international marine market, are curtailing coverage for Russian oil tankers, industry sources say, to avoid breaching sanctions imposed in the wake of Moscow's invasion of Ukraine. Even non-Russian...
Tesla loses bid to move ‘sexual harassment’ suit into arbitration
Alameda County Superior Court Judge Stephen Kaus ruled Monday that the female worker who filed the complaint can proceed in court — even though she signed an arbitration agreement giving up her right to sue. Tesla has come under fire from shareholder activists who...
SpiceJet faces ransomware attack, many flights impacted
"Certain SpiceJet systems faced an attempted ransomware attack last night that impacted and slowed down morning flight departures today. Our IT team has contained and rectified the situation and flights are operating normally now," the SpiceJet tweeted after getting...
Ransomware attacks rise 13% in past year, India Inc at great risk
“Roughly 4 in 5 breaches can be attributed to organised crime, with external actors approximately 4 times more likely to cause breaches in an organization than internal actors,” the findings showed New Delhi: There has been an alarming rise in ransomware breaches...
WTW launches specialist cyber coverage for ports and terminals
CyNav for Ports and Terminals is designed to address the specific cyber threats faced by port and terminal owners and operators. It provides both flexible and tailored cover for business interruption losses including those arising from IT service providers, first- and...
IUMI Asia Forum 2022 in Mumbai
Hosted by General Insurance Council, International Union of Marine Insurance(IUMI) to hold its Asia Forum 2022 in Mumbai during June 1-2, indeed a proud moment for the Indian insurance industry R Balasundaram As we take off our masks and say ‘Good riddance’ to...
India needs strong cyber security norms to curb misuse of VPNs
As per the new policy, any service provider, intermediary, data centre, body corporate and government organisation will mandatorily report cyber incidents within six hours. As per CERT-In, there are various types of other offences like data breach, data leak, spread...
Crypto ‘worth nothing’, should be regulated: ECB Prez Christine Lagarde
Christine Lagarde,European Central Bank President Lagarde told Dutch television that she’s concerned about people “who have no understanding of the risks, who will lose it all and who will be terribly disappointed, which is why I believe that that should be...
Govt orders probe after 3 incidents of in-flight engine shutdowns
India has seen a number of mid-flight shutdowns, and regulators have responded strongly in the past, once ordering IndiGo, the nation’s biggest airline, to ground some of its A320neo planes after engines manufactured by Pratt & Whitney experienced repeated...
Air India flight’s engine shuts down mid-air, makes emergency landing at Mumbai airport
The pilots of the A320neo plane received a warning about high exhaust gas temperatures on one of the engines just minutes after the aircraft's departure from the Chhatrapati Shivaji International Airport at 9.43 AM Air India flight's engine shuts down mid-air, makes...