Authorities have suggested a bird strike contributed to the...
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Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause...
SC issues advisory against phishing attack impersonating official website
The notice said that the attackers were soliciting personal details...
China’s top financial watchdog blasts ‘State Monopoly’ accusation
China has come under greater international pressure in recent years to reduce industrial subsidies after the U.S., Europe and Japan agreed to push for stronger World Trade Organization rules against market-distorting government aid. The state domination of the economy was also meant to be a topic in the “Phase 2” trade deal talks with the U.S.
“Reputational risks could result in potentially crippling business outcomes” :Willis Towers Watson Survey
Scott Burnett, Head of Corporate Risk & Broking Asia and Head of Asia, Willis Towers Watson, said “Loss of income and reduced customer bases are usually the main issues that businesses face following reputational damage. However, the impact of reputational damage can be felt across a business, from recruitment and retention of talent to lower environmental, social and governance (ESG) score, investor activism and increased industry litigation. Reputational risk is therefore increasingly of concern to our clients with most Risk Mangers now having some responsibility for risk mitigation in this area.
Telangana: Health worker dies after jab, death not due to it: Official
“Preliminary findings suggest that the death seems to be unrelated to vaccination,” state Director of Public Health G Srinivasa Rao said in a press release
Insurance firm offers mental health support as UK flood risk surges
“With five million people in England at risk of flooding, and climate change intensifying the frequency and severity of extreme weather, a mental health crisis is looming,” warned David Nichols, Zurich UK’s chief claims officer.
U.S. agency orders Ford to recall 3 million vehicles over air bags
The defect, which leads in rare instances to air bag inflators rupturing and sending potentially deadly metal fragments flying – especially after long-term exposure to high humidity – prompted the largest automotive recall in U.S. history of more than 67 million inflators. Worldwide, about 100 million inflators installed by 19 major automakers have been recalled.
Nord Stream 2’s future looks increasingly uncertain
Zurich Insurance Group AG terminated all of its coverages impacted by the sanctions and engineering firm Bilfinger SE is said to have cut ties with the project.
Fire at building site for India’s Serum Institute,Five die, vaccine output not hit
Adar Poonawalla, CEO of Serum Institute.The fire is believed to have started because of an electrical fault and was controlled after three hours, reported NDTV.
He said its manufacturing plant at Manjari here suffered a loss of over Rs 1,000 crore in Thursday’s fire that claimed five lives. a loss of over Rs 1,000 crore
Farmers” agitation has caused business loss of Rs 50,000 cr in Delhi-NCR: CAIT
“We look for a comprehensive solution of the contentious issue, and legitimate interest of all stakeholders needs to be protected,” Confederation of All India Traders (CAIT) Secretary-General Praveen Khandelwal said.
New China swine fever strains point to unlicensed vaccines
Two new strains of African swine fever have infected more than 1,000 sows on several farms owned by New Hope Liuhe, China’s fourth-largest producer, as well as pigs being fattened for the firm by contract farmers, said Yan Zhichun, the company’s chief science officer.
IRDAI constituted Panel suggests wide-ranging cyber liability covers
Cyber risks have accelerated by as much as 500 per cent since the first lockdown was imposed in India in March 2020. There is an increase in coronavirus-themed spam,likely resulting in more infected personal computers and phones.
Global survey conducted by Swiss Re reveals that Individuals are more worried about financial losses resulting from illicit access of financial credentials, identity theft, data loss due to technical issues and breach of privacy.