In September 2024, insurer firm Star Health experienced a...
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Data privacy is a major concern for insurance industry: LIC CEO
(LtoR) Siddhartha Mohanty, CEO and MD, Life Insurance Corporation...
Cyberattack cripples entire IT system of U’khand
Nikita Khandelwal, director, ITDA Information Technology...
U.S. insurers eye Legionnaires’ disease safeguards as buildings re-open from pandemic shutdowns
“Legionella could be the deadliest waterborne illness in the U.S. and another deadly consequence of COVID,” said Veronica Benzinger, environmental service group leader for insurance broker Aon PLC (, referring to the illness caused by the novel coronavirus.
We will be living with coronavirus pandemic well into 2021, experts believe
“No activity will be without the risk of coronavirus,” said Amesh Adalja, a senior scholar at Johns Hopkins Center for Health Security in Baltimore. “It’s just how much risk people think is worth assuming.”
Robot butlers, digital menus are hotels’ latest weapon against Covid-19
According to the American Hotel & Lodging Association, “leisure and hospitality” was the hardest-hit industry in the Covid-19 era, far worse than retail and construction. In the U.S., hotels have lost more than $31 billion in room revenue since mid-February; as of June 3, 60% of open-for-business accommodations are sitting empty. Some 7.7 million hospitality and leisure jobs were lost in April alone
Fitch cuts India’s sovereign rating outlook to ‘negative’
“The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden,” the ratings agency said in a statement.The move comes after Moody’s downgraded India earlier this month to a notch above junk, falling in line with other global agencies, while also cutting its outlook to ‘negative’. But S&P shortly after affirmed its rating and maintained a ‘stable’ outlook.
SUVs can kill Pedestrians more than than passenger cars,Insurance Study Says
SUVs are more likely than passenger cars to injure or kill pedestrians, according to a new U.S. insurance industry study which recommended design changes to improve safety. Sport utility vehicles “seem to be more deadly to pedestrians than cars...
Pension insurance deals boost UK company shares by up to 3%,says report
Two-thirds of Britain’s company pension schemes are in deficit, following years of low interest rates which have slashed their investment income.
So-called bulk annuity deals enable companies to rid their balance sheets of the pension funds, which can be a deterrent to merger activity, but many companies cannot afford them.
Insurers cite Swedish example in bid to dodge Covid-19 biz income payouts
The court case is one of a number of battles across the world, where insurers and clients are fighting over whether coverage extends to measures taken by governments to halt the spread of coronavirus. In France, AXA SA was ordered by a Paris court last month to compensate a restaurant owner for two months of virus-related losses.
Trump administration to propose rolling back protections for big tech
Trump wants to “remove or change” a provision of a law known as Section 230. Under the 1996 Communications Decency Act, Section 230 does not generally hold platforms responsible for what their users post and allows them to moderate the content of their sites as they see fit.The Justice Department plans to make a legislative proposal that Congress would have to pass, according to the Wall Street Journal, which first reported the proposal.
Japanese researchers confirm coronavirus testing in sewers as possible outbreak warning system
“Sewage testing is used as an early warning system to alert people about (possibly unnoticed) ongoing community transmission,” said Yuki Furuse, a Kyoto University professor who wasn’t directly involved in the study.
“India will be the 2nd largest infra investment market,to account for 8% of all emerging market spend”
•The sigma estimates a total premium opportunity of more than USD 50 billion over the next 10 years,based on projected levels of investment across the largest seven emerging markets (Brazil, China, India, Indonesia, Mexico, Russia, and Thailand).
• There will be strong growth in investment in renewable energy, smart and resilient infrastructure
• Infrastructure in emerging markets represents an annual USD 920 billion investment opportunity for institutional investors,including insurers
• Infrastructure-related insurance premiums to exceed USD 50 billion over 10 years, mostly from engineering, property and energy