A new report by GCube Insurance calls for action from insurers,...
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World’s biggest companies cause $28 trillion in climate damage: Study
Everybody's asking the same question: What can we actually claim...
IMF slashes global outlook as White House says trade talks pick up pace
With tariffs on goods coming into the world’s No. 1 economy now at...
Supply chains continue to face hurdles, global economy faces recovery challenges
The Swiss company has developed its own disruption indicator called Seaexplorer. At its peak the end of February, the measure showed about 17 million container waiting days — essentially cargo that’s bogged down in congestion globally Global supply chains are knotting...
EU counters lawsuits used by rich and powerful to silence critics
A proposed law on so-called Strategic Lawsuits Against Public Participation, or SLAPPs, targets “groundless or exaggerated” lawsuits intended to “censor, intimidate and silence” journalists and others, the European Commission announced on Wednesday Wealthy individuals...
Damaged black boxes in China jet crash leave few clues into cause
"There are many difficulties in investigating this accident, and at the moment the available evidence is limited," Li Yong, deputy director of CAAC's aviation safety office, said in an interview with state news agency Xinhua China said on Wednesday the black boxes of...
Sikkim disaster management authority, GSI sign MoU for early warning system for rainfall, landslides
Explaining the basic objective of the initiative, Raju said that the GSI proposed to share relevant and timely data on landslides to the state disaster management authority, which would go a long way in saving lives and properties of people as and when such natural...
RIMS announces Gary Labranche as new CEO
Gary LaBranche LaBranche will succeed longstanding RIMS CEO Mary Roth who announced her retirement in late-2021 after 37 years of service with RIMS. LaBranche will assume his new role on June 1, 2022 NEW YORK: RIMS, the risk management society®, has announced Gary...
Okinawa Autotech to recall 3,215 units of Praise Pro electric scooter
Three of Okinawa's scooters have caught fire since October 2021, resulting in two casualties This is the first such move by any electric vehicle manufacturing company in India Bengaluru: Electric two-wheeler manufacturing company Okinawa Autotech on Saturday said it...
TMK launches IP Abatement Insurance for US-based SMEs
Product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to USD3m TMK, a leading specialist insurer, has launched IP Abatement insurance for clients in the US. The product will be available for...
Niti Aayog CEO asks EV makers to recall vehicle batches involved in fires
NITI Aayog CEO Amitabh Kant said that the time is ripe for the EV industry to instill a sense of confidence in consumers the way global automakers do by voluntarily recalling their vehicles over fire risks New Delhi; As more and more electric two-wheelers catch fires...
UNDP and Generali partner to develop insurance and risk finance solutions
"On average, the world's poorest countries lose $29 billion every year from disasters yet a meagre 3% of these losses are covered by insurance," says UNDP Administrator, Achim Steiner "This new partnership with Generali will allow UNDP to extend much-needed insurance...
Carry out safety audit of all ropeway projects: MHA to states and UTs
Three people were killed while being rescued from cable cars in Jharkhand's Deoghar district after the ropeway connecting a hill malfunctioned on Sunday afternoon. In a communication to all states and Union territories, Home Secretary Ajay Bhalla also said that for...