"Helmets save lives, but only if they are of good quality. This...
Category:
Risk Management
Latest
FPIs withdraw Rs 85,790 cr from equities due to Chinese mkt valuation
Looking ahead, the trajectory of global events like geopolitical...
US strikes $100M settlement with owner, operator of ship Dali for Baltimore bridge mishap
Settlement will cover federal costs incurred to restore access to...
Google sued by Arizona over ‘Deceptive’ location tracking
The suit filed by Attorney General Mark Brnovich stemmed from an investigation that began after The Associated Press reported on Google’s location tracking in 2018.The suit alleges Google violated the Arizona Consumer Fraud Act and it seeks to claw back profits from the tracking.
“Every company has a responsibility to be truthful to consumers,” Brnovich said. “You can’t deceive them, you can’t make misrepresentations.”
Mumbai gets first severe cyclone alert in 129 yrs
IMD’s cyclone track shows that Nisarga will cross very close to the Mumbai coast while entering the land. Maharashtra and Gujarat are on pre-cyclone alert as very heavy to extremely heavy rainfall is expected in parts of the states on June 3 and June 4. Fishermen are advised not to venture into the sea for the next few days as it is expected to be very rough.
India asks internet service providers to block WeTransfer
he order, dated May 18, from India’s Department of Telecommunications (DoT), which was reviewed by Reuters, does not specify a reason for blocking the website, but invokes a clause from conditions laid out for granting licences to ISPs.
The clause directs all licence holders to block websites in the “interest of national security or public interest”.
Insurers stare at a Rs 2000 crore hit from “Amphan” devastated WB and Orissa
Till Saturday, the general insurance industry had already received claims worth of Rs 945 crore from these two states with more than 90 per cent of the total claims originating from the economically developed WB, with higher insurable industral areas, where torrential rains coupled with strong winds caused severe flooding and wind related damages especially in the Kolkata metro region, resulting in inundation and damage of both public and private infrastructure.
Around Rs 836 crore of claims have been triggered by the property damages under fire policies from the WB and rest are from motor and other policies.
Pakistan Jet crashed shortly after bizarre landing attempt at 327 KPH
It’s not yet clear why the two jet engines quit after functioning well enough for about two minutes to lift them about 3,000 feet (915 meters) above the runway. Engines have become so reliable that losing two at the same time is almost always because of some common factor, such as damage from hitting a runway or a problem with the fuel supply.
Lloyd’s of London considers part-virtual underwriting room
Underwriters and brokers say the market, which employs nearly 50,000 people, has run smoothly with greater use of existing electronic systems and they are in no hurry to return to the office.
Delhi-Moscow AI flight returns midway after pilot found COVID-19 positive
According to standard operating procedure, pilots and other crew members of any flight are required to undergo mandatory testing for coronavirus and are assigned duties if the laboratory results are negative.
The Director General of Civil Aviation has already begun an investigation into the case based on a preliminary report by Air India, the officials said.
Trump signs executive order aimed at regulating social media companies
Trump’s actions seek to blunt Section 230 of the Communications Decency Act which immunises websites from legal liability for the comments of their users. According to the President, Twitter’s fact checks amount to political activism and social media companies should not be shielded from lawsuits for what is posted on their platforms.
Coronavirus impact on shipping industry: idle vessels face new risks, Allianz warns
“An unplanned lay-up can result in a prolonged recommissioning exercise that can last for months, even requiring docking. Comprehensive plans including risk assessments covering storage and lay-up are crucial for ensuring the safety of vessel during the downtime and its subsequent return to service,” Captain Rahul Khanna, Global Head of Marine Risk Consulting at AGCS.explains
Trump executive order to reduce liability shield for social media giants
The companies’ protections against lawsuits apply when they act “in good faith” in taking down or limiting the visibility of inappropriate tweets, videos and other social media posts, but the law doesn’t define bad faith. The draft order would push the Federal Communications Commission to issue rules clarifying the issue, potentially allowing users to sue over takedowns if they were inconsistent with companies’ terms of service, did not provide enough notice or meet other suggested criteria.