There will be sizable insured losses, and the conflict could have...
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Risk Management
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Black Swan scenarios: Crisis of geopolitical instability and interconnected risks
According to new Allianz Risk Barometer analysis,respondents in...
Qatar declares force majeure, gas supplies to Indian industry cut amid Iranian strikes
The attacks have also effectively brought oil and LNG shipments...
Mixed rainfall in India’s agri regions, floods and deficits, raise food inflation risk: Report
"The key agri states in the core productive zone of north western India are facing a mixed situation this year with a few states like Rajasthan, Punjab and Haryana grappling with flood like situations, while UP continues to be in a deficit…… there is an upward risk...
Cyber Insurance: Ransomware remains biggest driver of claims
``Asian businesses with overseas presence should also consider multinational cyber solutions, especially those with operations in Australia, US and UK which tend to experience more substantial financial losses arising from privacy litigation and data breaches,” says...
Over 90 flights cancelled scores delayed as rains batter Kolkata
The aviation chaos mirrored the citywide disruption as Kolkata lay waterlogged under record rainfall. At least ten people have died, out of which nine due to electrocution, officials said Kolkata: Torrential rains battered Kolkata on Tuesday, throwing flight...
China’s EV boom saddles its auto insurers with large losses
Despite EV drivers paying anywhere from 20% higher to double the premiums for traditional cars, China’s auto insurers have been nursing losses from covering new energy vehicles for at least three years. The industry lost 5.7 billion yuan ($802 million) from...
Airport chaos highlights rise in high-profile ransomware attacks: cyber experts
The European Union's cybersecurity agency ENISA confirmed on Monday that the hack on Collins Aerospace, owned by RTX , was a ransomware attack, but did not say where the attack originated from. The outage, which hit check-in and baggage drop services, has affected...
Super Typhoon Ragasa barrels through northern Philippines, triggers alerts across Asian region
Packing winds of 215 kph (134 mph) and gusts of up to 295 kph (160 mph), Ragasa slightly intensified as it brushed Babuyan Island and headed for possible landfall over Calayan Island, raising the risk of storm surges exceeding three metres (nine feet), the state...
Heat, Air Quality & Insurance Costs: How climate change is affecting our homes – and our health
Ang Li, Melbourne School of Population and Global This year, ten days of extreme heat in Europe killed roughly 2,300 people, severe flooding on the New South Wales coast left more than 48,000 stranded, and wildfires in Los Angeles destroyed at least 16,000 homes and...
SC seeks response of Centre, DGCA on PIL seeking independent probe into June 12 AI crash
Advocate Prashant Bhushan, appearing for the NGO ‘Safety Matters Foundation’, alleged that in the probe panel constituted after the crash, three members were from the aviation regulator and there may be an issue of conflict of interest involved New Delhi: The Supreme...
Central drugs labs find 32 samples to be ‘not of standard quality’ in August
Additionally, the state drugs testing laboratories identified 62 samples as “not of standard quality” (NSQ) in the month under review, they said. In August, three drug samples from Bihar were identified as spurious, which were manufactured by an unauthorised...
Thane MACT grants Rs 26.25 lakh compensation to kin of woman killed in 2021 accident
Judge R V Mohite on Friday directed Reliance General Insurance Co. Ltd and the owner of the car involved in the accident to jointly and severally pay the compensation with 9 per cent interest per annum (from the date of filing of the petition) within one month. Thane:...