The plane hit the runway at a 50% greater descent velocity than the...
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Heathrow Airport fire has significant but manageable financial and operational implications
The cost of the impact could total around 20 million pounds ($26...
MS Amlin binds landmark Ukraine reinsurance facility
Under the scheme, MS Amlin has committed EUR 80 million in...
Global insurance recovery will be faster, stronger than in 2008: Swiss Re
Writing new policies was more difficult in 2009 and 2010 when insurers were reeling from capital losses, slow economic growth and depleted incomes of companies and individuals.
In contrast, businesses and individuals now have more money from government stimulus and support programs, and are more conscious of the need to buy protection against risks, he added.
Companies struggling to manage reporting on climate risks, says report
”Companies based in India presented 28 per cent on quality disclosure and 49 per cent coverage. Only 3 per cent of global companies reviewed meet the highest levels of quality and the average quality score is 42 per cent,” EY said in a release on Sunday.
Among others, the number of Indian companies responding to disclosure platforms such as carbon disclosure project is on the rise. In the coming year, greater Task Force on Climate-related Financial Disclosures reporting is expected, driven by pressure from financiers, investors and customers, it added.
India plans more power islands to counter cyber, terrorist threats
The plan follows a major power outage in India’s financial hub Mumbai last year that brought the city to a halt and prompted speculation about a cyber attack. The year before, the country’s nuclear power monopoly reported computer systems at one of its generation plants had been attacked by malware. Power grids the world over are increasingly digitalized, leaving them vulnerable to such attacks.
Islanding systems feature generation capacity and can isolate automatically from the main grid in the event of an outage. For the new systems, provinces need to submit proposals for setting up generation and storage capacities, power minister Raj Kumar Singh Singh said
Chemicals found in consumer products could increase breast cancer risk: Study
For instance, in 2002, when the Women’s Health Initiative study found combination hormone replacement therapy to be associated with an increased risk of breast cancer, women stopped taking the drugs and incidence rates went down.
Websites of airlines, banks, tech companies down in widespread outage
This is the third such incident in a span of just two months, after multiple outages hit social media, government and news websites across the globe in June, with some reports pointing to a glitch at U.S.-based cloud computing services provider
Nearly 140 phishing incidents observed by CERT-In during H1 2021
Some of these include the launch of the National Cyber Crime reporting portal to enable the public to report incidents pertaining to all types of cybercrimes with a special focus on cybercrimes against women and children, and CERT-In working in coordination with service providers, regulators and law enforcement agencies (LEAs) to track and disable phishing websites and facilitating the investigation of fraudulent activities.
Besides, CERT-In issues alerts and advisories regarding the latest cyber threats and countermeasures on regular basis to ensure safe usage of digital technologies, the minister said.
Cyber attackers will have weaponised tech environments to harm or kill humans by 2025: Report
“In operational environments, security and risk management leaders should be more concerned about real world hazards to humans and the environment, rather than information theft,” said Wam Voster, senior research director at Gartner.
“Inquiries with Gartner clients reveal that organisations in asset-intensive industries like manufacturing, resources and utilities struggle to define appropriate control frameworks.”
No likely impact of Cairn and Devas lawsuits on its Air India’s disinvestment process: Govt
Cairn Energy and Devas Multimedia, respectively, are seeking USD 1.725 billion and USD 1.2 billion — which they won in international arbitrations — from India.
”Cairn Energy and Devas Multimedia have filed lawsuits in the United States District Court for Southern District of New York seeking declaratory and money judgement against Air India Limited as an alter ego of the Republic of India,” Singh said in a written reply to a question in Lok Sabha.
India ‘challenging place’ to do business, must ease hurdles: US State Dept
New protectionist measures, including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures not based on science, and Indian-specific standards not aligned with international standards, effectively closed off producers from global supply chains and restricted the expansion in bilateral trade, the report said.
As US wildfire threat grows, insurance capacity shrinks
Most wildfire losses that have hit the insurance market originated from California utility companies due to inverse condemnation, which states that private property owners are entitled to compensation if their property is damaged by the government or utilities.
While all U.S. states have such doctrines in place, California has been the only one to apply it for utility-related fires.