"The Claims Tribunal had also failed to consider that on account of...
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World’s rivers faced the driest year in three decades in 2023, the UN weather agency says
“Water is the canary in the coalmine of climate change. We receive...
Russian strikes on Ukraine’s ports and ships push insurance rates up
Insurance sources said on Thursday the war premiums had jumped...
One check-in bag to fare control: Govt issues guidelines for domestic flight operations from May 25
It said passengers will have to report at airport two hours prior to their flight’s scheduled departure time and only those who have done web check-in will be allowed to enter the terminal building.
IRDA to revamp Trade Credit Insurance regulations,to make it more MSME friendly
In the Indian context, the present guidelines on TCI, issued in 2016, do not allow the insurance companies to offer full fledge benefits that provides much needed protection to suppliers and restricts TCI covers to banks and financial institutions.
With the Govt. of India’s initiative to improve businesses for the MSMEs, which are considered as the backbone of the national economic structure, it is also imperative to relax the trade credit insurance guidelines to support the business environment.
57% investors say Big-4 auditors have no credibility: IiAS survey
Meanwhile, the survey also has found that 78 per cent of the investors, who normally clamour for dividends, in the poll preferring company retaining cash and fortifying their balance sheet this year as the economy is in shambles.
Johnson & Johnson to stop selling talc-based baby powder in U.S. and Canada
J&J faces more than 16,000 lawsuits from consumers claiming its talc products, including Johnson’s Baby Powder, caused their cancer. The majority are pending before a U.S. district judge in New Jersey.
The lawsuits allege that the company’s talc products have been contaminated with asbestos, a known carcinogen. J&J said it “remains steadfastly confident in the safety of talc-based Johnson’s Baby Powder,” citing “decades of scientific studies.”In April, a New Jersey judge ruled that thousands of plaintiffs who allege that J&J’s talc products caused cancer can go forward with their claims, but face limits on what expert testimony will be allowed in trials.
COVID-19 to accelerate use of drone technology among insurers, says GlobalData
Drone technology will become more widespread in insurance as natural disasters hit different geographies. Climate change has worsened extreme weather conditions such as hurricanes, floods, and tsunamis as well as non-weather natural disasters like earthquakes, volcanoes, and wildfires. After a disaster during the lockdowns, home insurers can use drones to inspect properties while still social distancing.
Outbreak at Chinese-owned factory shows challenges of easing India’s lockdown
Experts, including those directly advising the government, say that coronavirus cases will rise in coming weeks as India’s lockdown is eased, and authorities have repeatedly told companies resuming operations to ensure that social distancing and other measures are taken to prevent infections.
New Zealand to roll out ‘digital diary’ app to help people track movements
Prime Minister Jacinda Ardern said the app can be best described as a ‘digital diary’ helping people to record their personal movements, adding the data would not be shared to anyone else besides the user.
Covid-19 Pandemic: UK’s Airmic calls for change in approach to insurers’ pandemic response
Greater collaboration and communication between businesses, insurers and brokers to allow innovation and opportunity to emerge from the crisis.
Looking beyond the COVID-19 pandemic, Airmic supports the creation of national catastrophic pooling and reinsurance mechanisms, such as the existing UK pools for terrorism and flood. They must, however, be embedded in broader national and international risk strategies and should themselves be pooled to ensure the efficient use of capital, the association continued.
Twitter to let some employees to work from home permanently
Tech giants like Facebook Inc and Alphabet Inc’s Google have allowed most of their employees to work remotely until the end of this year.
Aon sets up MGA with world’s largest capacity for Intellectual Property Liability Risks
It is the latest offering from Aon to meet the changing needs of clients’ intellectual property (IP) exposures, especially in this distressed economic environment.Target markets include businesses of all sizes from SMEs to multi-national corporations in North America, Europe, Australia, New Zealand and parts of Asia
-Primary limit of indemnity of up to $100 million (€100 million)