“This marks a shift towards a more facilitative regulatory...
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Maritime Reinsurance: 6 more US insurers to partner DFC and Chubb providing up to $40B in coverage for Strait of Hormuz passage
Apart from Chubb, Travelers, Liberty Mutual Insurance, Berkshire...
Aon hires 2 professionals to build up its data center expertise
Stephen Fox has joined Aon as a Managing Director, focusing on the...
West Asia Conflict: Risks extend beyond marine into energy, political violence, aviation, trade credit says Howden
Demand for Political Violence and Terrorism cover has risen sharply, particularly among Western operated assets in the Gulf, with pricing multiples increasing and underwriting becoming more selective. Aviation, cyber and trade related lines are also seeing elevated...
US jury finds Meta and Google liable for damages in social media addiction trial, to pay $3 million
The case involves a 20-year-old woman who said she became addicted to Google's YouTube and Meta's Instagram at a young age because of their attention-grabbing design. The jury found Google and Meta were negligent in the design of both apps and failed to warn about...
Building Risk Resilience: An update for India Inc
Indian companies today are dealing with a very different risk landscape. Supply chains that break without warning, weather disruptions that are no longer rare events, growing cyber incidents, and constantly evolving compliance expectations.Add to that the pressure of...
FPIs pull out Rs 35,475 cr this week from Indian markets, March outflows hit Rs 88,180 cr
Overall, the continued selling pressure reflects cautious sentiment among foreign investors amid geopolitical uncertainty and rising global risks.Market experts said that persistent global concerns, particularly due to tensions in West Asia and elevated crude oil...
West Asia Conflict:Trump indicates possible end to conflict,Oil price spike continues
US President Donald Trump ``We are getting very close to meeting our objectives as we consider winding down our great Military efforts. The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it, the United States does not," Trump...
Safer Roads:NHAI to deploy AI powered dashcam monitoring system for 40,000 km of National Highway network
The project aims to enhance remote tracking and road condition assessments using high-resolution imagery and video data. Specialized dashboard cameras will be mounted on Route Patrol Vehicles (RPVs) to conduct weekly surveys on all the stretches comprehensively....
Crop Loss:Chouhan asks officials to expedite insurance claims to farmers
Shivraj Singh Chouhan, Union Minister for Agriculture and Farmers’ Welfare, and Rural Development Chouhan stated that the government’s focus is not limited to production alone, but also extends to the scientific assessment of crop damage, proper settlement of...
US allies see no way of opening Hormuz Strait during war
European capitals are preparing to combine military and insurance options for a post-conflict transition period.The UK has been in talks with Lloyds of London — the world’s largest insurance market — about insurance products and prices for when that happens, according...
US sending Marines and amphibious assault ship to Middle East, officials say
Even if the conflict does stop soon, there will be no rapid recovery from the upheaval caused by airstrikes and Iran’s virtual closure of the Strait of Hormuz, the conduit for 20% of the world’s oil and liquefied natural gas The U.S. military is deploying a large...
Airspace curbs, higher operational costs pose challenges for airlines amid West Asia conflict
Officials also said insurance premiums in the wake of the war have surged since February 28, ranging from Rs 30 lakh to up to Rs 1 crore, depending on narrow-body and wide-body aircraft.One of the officials said there is now a kind of war premium, which is about Rs...