The report highlights Q1 economic losses of at least $37 billion...
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Global GDP to rise by USD 56 trillion in next 5 years driven by AI, quantum computing and other technologies: WEF
The report flagged several risks that could act as headwinds,...
U.S. cyber insurance market bounces back,raises underwriting risk:Fitch
While the market remains profitable, deteriorating incurred direct...
Ageas Federal Life unveils its new logo, ropes in Sachin Tendulkar as brand ambassador
Cricker legend Sachin Tendulkar and Jude Gomes, managing director & CEO of Ageas Federal Life at an event in Mumbai to launch company's new brand identity Jude Gomes, managing director & CEO of Ageas Federal Life Insurance, said, “ This milestone accelerates...
Airbus Fleet Recall: Space weather in focus
The recall by Airbus could well "set a major precedent" by signalling that space weather needs to be given more importance for aircraft safety Space weather in focus after Airbus fleet recall experts raise questions about solar flare theory Aerospace giant Airbus...
IndiGo board’s crisis management group regularly monitoring situation: Airline
The statement came a day after the IndiGo CEO Pieter Elbers and COO and Accountable Manager Isidro Porqueras received DGCA notices, seeking explanations within 24 hours on the massive flight disruptions. Authorities will take appropriate action in the matter of the...
25 killed, 6 injured in fire at nightclub in Goa
As per initial information, the nightclub had not abided by the fire safety norms, Chief Minister Pramod Sawant said. Panaji:At least 25 persons were killed and six others suffered injuries in a massive fire that erupted at a nightclub in North Goa after midnight on...
Deadly floods’ $20 billion toll shows Asia’s rising climate risk
“Climate change is undeniably fueling more severe flooding in Southeast Asia,” said Davide Faranda, research director in climate physics at the French National Center for Scientific Research who led a study on Vietnam’s November floods Devastating floods have killed...
Road accident deaths rise to 1.77 lakh in 2024: Gadkari
Gadkari said the government has formulated a multi-pronged strategy to address the issue of road safety based on 4E's i.e. Education, Engineering (both of roads and vehicles), Enforcement and Emergency Care.Accordingly, various initiatives have been taken for road...
Hong Kong’s $200 million fire claims manageable for China Taiping Insurance Grp, says Fitch
The incident will trigger multiple coverage types, including property, public liability, employee compensation, group personal accident and numerous home contents claims. It remains too early to quantify total insured losses, insurers and reinsurers to bear most...
War insurance costs spike for ship owners as Black Sea threats grow, sources say
War insurance costs for some port calls have been quoted between 0.6% and 1% of the value of a ship in the past day by some underwriters, up from 0.4-0.6% last week. Rates of 1% would be the highest since late 2023, though still below peaks of 2% for the Red Sea at...
Govt incorporating suggestions at final stages of Atomic Energy Bill : Jitender Singh
Union Minister Singh also reiterated that as announced in the Budget 2025 announcement, the Government has announced that active private sector participation will be facilitated by undertaking amendments to Civil Liability for Nuclear Damage (CLND) Act 2010 and the...
AIC receives Geospatial Excellence Award
`At AIC of India, our commitment has always been to safeguard the livelihoods of India’s farmers. Today, we are taking this commitment a step further with Tech-Driven Precision Insurance, integrating satellite intelligence, remote sensing, and digital field monitoring...