Beazley’s research found fewer than a third (30%) buy the essential...
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Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the...
Probe into EY India’s office after worker’s death finds it lacked labour welfare permit
EY faces scrutiny in India over the death of audit executive Anna...
US regulators will force Boeing to rewire faulty 737 MAX jets: Report
“The aircraft will be cleared for return to passenger service only after the FAA is satisfied that all safety-related issues are addressed,” it added.
Govt to restructure SFIO; increase manpower to 350 at probe agency
Tata Motors asked to pay Rs3.5 lakh compensation for Indigo’s misleading advertisement
Pradipta Kundu, who purchased a Tata Indigo in 2011 after seeing an advertisement which claimed its mileage to be 25 kilometres per litre, was disappointed to find out that the car did not provide the promised mileage. The advertisement had also claimed that it was India’s most fuel-efficient car and that it was an offer for a limited period. Kundu had moved the district forum after the company refused to replace the car.
UK fines Cathay Pacific $639,000 for data-security lapses over 4-yr period
Between October 2014 and May 2018, Cathay Pacific’s computer systems “lacked appropriate security measures which led to customers’ personal details being exposed, 111,578 of whom were from the UK, and approximately 9.4 million more worldwide,” the UK Information Commissioner’s Office said in a statement on its website on Wednesday.
Govt approves 72 amendments to Companies Act to decriminalise offences: FM
As many as 23 offences would be recategorised out of 66 compoundable offences under the Act. Besides, seven compoundable offences would be omitted, she said.
Sitharaman said the government would remove provisions of imprisonment in various sections and also reduce penalties in case of various compoundable offences.
Britain’s Financial Conduct Regulator admits data breach
The Information Commissioner’s Office, the body responsible for investigating and imposing sanctions on organizations found guilty of breaches of sensitive data, said the FCA had reported the incident and it would assess the information provided.
US expands its reinsurance program,transfers $400 mn in flood risk to capital markets
As part of the agreement, FEMA will pay $50.28 million in premiums for the first year of reinsurance coverage. Additionally, the agreement will cover 3.33 percent of losses for any single flood event with losses between $6 and $9 billion, and 30 percent if that same flood event has losses that rise to $9 to $10 billion.
Aon aligns leadership team, appoints Andersen as President
Most recently, Aon has entered a new phase of its Aon United growth strategy with the rollout of a single colleague mission called the Aon Impact Model, the scaling of its Delivering Aon United client value and sales effectiveness program, the development of the Aon Business Services platform to improve delivery of middle- and back-office client services and the formation of the firm’s New Ventures Group to drive innovation at scale and expand its addressable market.
FPIs remain bullish on India; invest Rs 23,102 crore in February so far
Globally, he said, there has been a risk-off sentiment among foreign investors with the outbreak of coronavirus epidemic. FPIs have been particularly wary of investing in markets, which rely on tourism, as the spread of virus can adversely impact their prospects and economic growth.
US lawmakers to introduce bipartisan Bill aimed at internet firms’ Liability shield
The move is the latest example of how regulators and lawmakers in Washington are reconsidering the need for incentives that once helped online companies grow, but are increasingly viewed as impediments to curbing online crime, hate speech and extremism.