To the consternation of the general insurers, who do motor...
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New SHe-Box portal to create workplace safer, more inclusive for women
Annapurna Devi, Union Ministrer, Ministry of Women and Child...
MHA constitutes central team to assess damage caused by floods in Gujarat
Madhya Pradesh and Rajasthan were also affected by heavy to very...
Facebook must face privacy class action over collecting biometric data
The 3-0 decision from the 9th U.S. Circuit Court of Appeals in San Francisco over Facebook’s facial recognition technology exposes the company to billions of dollars in potential damages to the Illinois users who brought the case.
EU fights spread of African swine fever with 10 countries now affected
The situation “is very worrying,” EU Commission spokeswoman Anna-Kaisa Itkonen told a media briefing , urging action against a “catastrophic animal disease” which industry officials in Bulgaria fear could cause damages of up to 2 billion levs ($1.15 billion).
U.S.-China trade war leading to recession
The year-long trade dispute has revolved around issues such as tariffs, subsidies, technology, intellectual property and cyber security, among others
Reliance Industries’ Rs 3,70 trillion enhanced mega risk policy renewed in 2018-19, pays Rs 700 cr premiums
In a bid to support the RIL’s higher insurance cover, the GIC Re, the state owned listed reinsurer,had augmented its capacity for any single risk from Rs 2,500 crore to Rs 3,500 crore in 2018-19.
UK insurers settle 99% of cyber insurance claims
The Association of British Insurers (ABI) has been asking the Information Commissioner’s Office (ICO) to make anonymised cyber breach data publicly available, which would enable insurers to price risk more accurately and manage exposure more effectively by feeding this data directly into their modelling
Cyberattacks grew 22% on India’s IoT deployments in Q2
Among the 15 Indian cities from which data was gathered, Mumbai, New Delhi and Bengaluru are attracting the maximum number of cyberattacks, revealed the study by Bengaluru-headquartered telecom solutions provider Subex.During the quarter, the researchers registered 33,450 high-grade attacks, 500 of which were very high sophistication.
Global commercial insurance pricing up 6% in Q2:Marsh
CAT pricing increased double digits in several Asian countries,including Singapore, Hong Kong, and India.
As breaches rise, so do the paychecks for Cybersecurity professionals
In April, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told shareholders that cybersecurity “may very well be the biggest threat to the U.S. financial system.” His counterpart at Bank of America Corp., Brian Moynihan, said previously that the lender’s cybersecurity unit operates with an unlimited budget.
Tesla under U.S. scrutiny over safety claims
The Elon Musk-led electric-car maker claimed in October that its Model 3 car had the lowest risk of occupant injury of any vehicle in U.S. government tests, but U.S. National Highway Traffic Safety Administration (NHTSA) said it was inconsistent with the agency’s usage guidelines
Willis Towers Watson launches drone disruption action plan
Jago Harvard-Walls, Client Relationship Director and Transportation Lead in Asia, Willis Towers Watson, said “Drone-related incidents at airports may be a recent phenomenon, but they are expected to increase in frequency, complexity and severity as drones become larger and more powerful. Airports need to prepare for potential attacks through effective risk management and there are a number of steps that airports can take to prepare for these scenarios. This includes assessing, locating and understanding the type of drone that has infringed airspace, as well as reputation management.”