The workers falsely claim to be from countries including Italy,...
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Firm issued fake insurance for Russian oil tankers, Norway’s regulator says
Such vessels are not regulated or covered by conventional Western...
Govt forms high powered panel to revamp pricing and reinsurance mechanisms for PMFBY
The committee will be chaired by additional secretary (Crop...
Deploying new 5G service will cause “catastrophic” aviation crisis :Major US airlines
The airlines warned the new C-Band 5G service set to begin on Wednesday could render a significant number of widebody aircraft unusable, “could potentially strand tens of thousands of Americans overseas” and cause “chaos” for U.S. flights The chief executives of major...
Cyber perils outrank Covid-19 and broken supply chains as top business risk globally and in Asia Pacific: Allianz Risk Barometer 2022
Cyber incidents tops the Allianz Risk Barometer for only the second time in the survey’s history (44% of responses), Business interruption drops to a close second (42%) and Natural catastrophes ranks third (25%), up from sixth in 2021 London/Munich/New...
India should adopt risk-based approach not blanket bans to contain Covid: WHO India head
''WHO does not recommend a blanket travel ban, nor complete restriction of people's movement. In many ways, such blanket approaches can be counterproductive. India with its diversity in population distribution and geographic spread, the risk-based approach remains the...
Banking, financial institutions struggling to deal with increasing fraud incidents: Deloitte survey
Key reasons identified for the increase in fraud incidents over the next two years include large-scale remote working models, increase in customers using non-branch banking channels and the limited/ineffective use of forensic analytics tools to identify potential red...
Nokia and Schweizer Electronics deploy first ever AI-based video analytics to improve railroad crossing safety
Karsten Oberle, Head of Rail at Nokia, said: “As the first deployment of its kind in Europe, this project with Schweizer Electronics and BLT enabled us to address many of the level crossing safety issues which are at the top of priority lists for rail operators. It is...
U.S. business fears never ending liability from ‘take-home’ COVID-19 lawsuits
The Dec. 21 ruling allowed a wrongful death lawsuit to proceed against See's Candies Inc, owned by Berkshire Hathaway, by the family of Arturo Ek of Los Angeles who died in April 2020 at 72 from COVID-19 As COVID-19 cases surge in the United States, businesses say...
Natural disasters cost $120bn of insured losses worldwide in 2021, relatively low losses in Asia-Pacific: Munich Re
Torsten Jeworrek, member of the Board of Management,Munich Re The costliest natural disaster in 2021 was Hurricane Ida, causing $65bn of economic losses and US$ 36bn of insured losses Torsten Jeworrek, member of the Board of Management,Munich Re, said the images of...
China’s Omicron Outbreak Is Bad News for the Global Supply Chain
“The reality is that China remains the center of global manufacturing,”said Thomas O’Connor, a supply chain expert at Gartner Inc. in Sydney. “If there was significant manufacturing or logistic shutdowns in China associated with covid-related challenges, that would...
Aspen launches ESG integration initiative ‘Project Leaf’
By 2026, the project aims to see over two thirds (66%) of Aspen’s (Credit and Political Risk) CPR premium originating from transactions with a favorable ESG classification. A favorable classification is determined by exposure that has a positive ESG risk factor, for...
Auction of Muslim women on Indian app shows tech weaponised for abuse
Scores of Muslim women featured in-app that was taken down * Technologies such as deepfake, tracking used to harass women Victims struggle to be taken seriously, get justice An open source app on the Github platform called 'Bulli Bai' - a derogatory term to describe...