The CDSCO's drug alert for August included samples from batches of...
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Star Health sues Telegram after hacker uses app’s chatbots to leak data
Star has received a temporary injunction from a court in its home...
Will make all users safe from spam calls and messages: Airtel’s Gopal Vittal
The Telecom Regulatory Authority of India (TRAI) has asked telecom...
Saudi Aramco pursues war cover after attacks – sources
Aramco, the world’s largest oil company, has been looking for cover from insurers including those based at Lloyd’s of London and elsewhere in the London market.Available insurance options range from cover against a terror attack or sabotage through to full coverage, which includes war or civil war, along with compensation for the cost of business
Over two-thirds of firms have suffered a political risk loss: Willis Towers Watson survey
Most respondents (71%) stated that the emphasis on political risk management at their company had increased since 2018, and nearly 40% felt that they were facing more pressure from investors regarding political risk management. The survey found that recent developments such as the China-US rivalry and the sanctions that have arisen as a result have made political risk more tangible.
Cabinet clears personal data protection bill
The Bill is likely to contain broad guidelines on collection, storage and processing of personal data, consent of individuals, penalties and compensation, code of conduct and an enforcement model.
IndiGo asks pilots to stop pushing Airbus engines to limit after shutdowns
All the budget airline’s A320neo aircraft now use a lower thrust setting following take off, according to a spokeswoman from IndiGo, which has suffered 13 engine shutdowns during ascents this year. The decision was taken “in order to make every possible effort to minimize exposure of engines,” she wrote in an email, adding that manufacturer Pratt & Whitney stated there’s no evidence of a connection between climbing procedure and engine incidents.
5 risk trends company directors and officers need to watch in 2020:Allianz
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• “Bad news” events, impact of climate change, bankruptcies and political challenges have increasing risk implications for directors and officers (D&Os)
• Growth of securities class actions and third party funding globally means litigation against companies and their D&Os is on the rise. US, Canada and Australia see highest activity but these trends are developing around the world
• Profitability of D&O insurance sector impacted in recent years due to increasing competition, growth in lawsuits and rising claims frequency and severity. Further volatility anticipated
Berkshire Hathaway launched Commercial Crime Insurance in Asia
“Corporate fraud is becoming increasingly sophisticated as technology advances at an exponential pace across the globe. Companies now face new threats and are tasked with protecting both traditional and digital assets,” said Scotland Walsh-Riddle, head of Executive & Professional Lines, BHSI Asia. “Our policy is important protection for a company’s balance sheet by both insuring against losses arising from a wide range of threats and providing support to investigate the cause of a loss.”
MS Amlin unveils new operating model and sr leadership team
Under the new structure, MS Amlin Plc will therefore be removed and the corporate entities MS Amlin Underwriting Ltd. (MS AUL), MS Amlin AG (MS AAG), MS Amlin Insurance SE (MS AISE) and MS Amlin Business Services (MS ABS) will be owned directly by Mitsui Sumitomo Insurance (MSI).
Nuclear plants in country safe: Government
Minister of State in the Prime Minister’s Office Jitendra Singh said there was an identification of a malware infection on Kudankulam Nuclear Power Plant (KKNPP) administrative network which is used for day-to-day administrative activities.
NGT slaps Rs 10 cr penalty on Faridabad builder for violating environmental norms
“Pollution cannot be allowed to be profitable activity. The environment is priceless. Intentional violations have to be visited with more stringent damages than accidental or unintended,” the bench said
Thieves steal priceless items from Dresden’s treasury green vault
Robert Read, head of Art and Private Clients at specialist insurer Hiscox, commented “It’s the festive season and everybody goes shopping – art criminals are no different and at this time of year jewelry and works of art which contain a significant amount of precious metals and stones are often targeted. The awful theft in Dresden [early on Nov. 25] shows just that. The thieves now face a major logistical nightmare trying to transform their ill-gotten loot into clean money and that process will offer detectives the best way to track them down. Let’s hope that they succeed and a great museum gets back what is rightly theirs.”