Officials are concerned that a potential sharp and correlated...
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RBI asks banks to bring down inoperative accounts urgently report their numbers quarterly
Expressing concern over the rising sums of money lying in such...
PM Modi expresses concern over threats emanating from digital frauds, cybercrimes
Prime Minister Narendra Modi As a counter measure to the potential...
Rusty pilots making flying errors is next aviation headache
“Regular flying keeps your mind in the cockpit,” said Mohan Ranganathan, an aviation safety consultant who was an adviser to India’s Directorate General of Civil Aviation. “Being away from flying for such a long time brings in some complacency. Add loss of income, uncertainty about jobs or the future of the airline, that brings in additional stress. With an increase in stress levels, proficiency drops.”
Odisha launches single emergency helpline ‘112’
The ‘112’ integrates emergency services such as police, ambulance, fire department and women’s helpline under a Centre-sponsored scheme that is already functional in several states, officials said.
Charles Taylor appoints Bobby Gracey as global head of fraud
Damain Ely, CEO, Charles Taylor Adjusting, said “As Insurers across the world look to control claims costs, the conditions for a greater level of claims fraud can increase, so developing counter fraud capabilities becomes essential. This is the time to support our clients further by developing our counter fraud expertise. Bobby has demonstrated his strong knowledge and experience, making him the obvious choice to lead our global fraud function. We are delighted that he is joining us.”
Aon launches digital cyber insurance for small and middle market businesses
CHICAGO, : Aon plc today announced the launch of a digital insurance solution for small and middle market businesses. With this new offering, businesses across a wide spectrum of industries can go through the full end-to-end process of buying and...
SC rejects Chanda Kochhar’s appeal against HC order dismissing her plea over termination
“What about my (Kochhar’s) reputation,” Rohatgi argued.
The bench observed, “You can claim damages if your reputation is tarnished and if it was wrong.”
Rohatgi said, “everything cannot be damages” and RBI can be asked to explain its approval as RBI has no jurisdiction to give post-facto approval.
Hyundai, Kia Motors agree to $210 million auto safety civil penalty in US
Kia agreed to create a new U.S. safety office headed by a chief safety officer and each automaker will retain an independent, third-party auditor who will directly report to NHTSA and will conduct a comprehensive review of the company’s safety practices. Hyundai’s consent order will last three years, while Kia’s is for two years, but both can be extended by one year.
People proving to be weakest link for apps tracking COVID-19 exposure
The problem starts with downloads. Stefano Tessaro calls it the “chicken-and-egg” issue:
The system works only if a lot of people buy into it, but people will buy into it only if they know it works.
“Accuracy of the system ends up increasing trust, but it is trust that increases adoptions, which in turn increases accuracy,” Tessaro, a computer scientist at the University of Washington who was involved in creating that state’s forthcoming contact-tracing app, said in a lecture last month.
U.S. insurers dig into corporate diversity practices as lawsuits pile up
Insurers are meeting company officials to examine diversity practices before renewing or signing new so-called D&O policies to cover lawsuits against directors and officers, insurers and brokers said.
Before pricing coverage, insurers want details about top-level succession planning and how companies recruit, they said.
Shell faces Dutch court as climate change activists demand end to emissions
Environmental activists are demanding that Shell cuts its greenhouse gas emissions almost in half by 2030 and to zero by 2050 – which would effectively force the Anglo-Dutch firm to quickly move away from oil and gas and direct its investment to sustainable sources of energy
Swiss Re to set up new fund for institutional and designated investors to access Nat Cat biz
Martin Bisping, CEO of Swiss Re Insurance-Linked Investment Management said: “This new fund will open a unique opportunity for investors to invest in the same book of business as Swiss Re, benefitting from Swiss Re’s global reach, client access, risk knowledge and underwriting.“