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Unified train operation safety norm will be issued in 10 days Vaishnaw
Union Railway Minister Ashwini Vaishnaw Talking to media persons...
Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: "In...
AGCS’s partnership InsurTech Co for liability insurance clients
“By offering access to ChemMeta in combination with our product liability policies, we help clients maximize the overall safety of their products and production processes, striking the right balance between innovation and risk,” explains Hartmut Mai, Chief Underwriting Officer, AGCS
Only 9 per cent of economic losses in Asia insured:AIR
“For the insurance industry, the protection gap can spur innovation in product development. In the public sector, governments are recognizing the importance of moving from reactive to proactive risk management, especially in countries where the risk is well known and a risk transfer system is not well established. Understanding the protection gap can help governments assess the risks to their citizens and critical infrastructure, and develop risk-informed emergency management, hazard mitigation, and public risk financing strategies to enhance global resilience and reduce the ultimate costs.”
Air pollution affects life expectancy worse than smoking, terrorism: Study
According to the new Air Quality Life Index (AQLI), developed by researchers at University of Chicago in the US, particulate air pollution cuts global average life expectancy by 1.8 years per person. The AQLI reveals that India and China, which make up 36 per cent of the world’s population, account for 73 per cent of all years of life lost due to particulate pollution.
UK Companies Prepare for Disorderly Brexit and Supply Chain Disruptions
A.M. Best expects, however, that UK companies will still be able to underwrite reinsurance business on a cross-border basis post Brexit, in all but a small number of EEA jurisdictions.
IndiGo plane tilts mid-air, airline denies engine issue; probe ordered
“The pilot’s report says the aircraft yawed. Now, the angle or the degree of the yaw is to be determined and that would reveal the seriousness of the matter. We have already started our investigation,” the official noted.
Half of India’s ATMs may close down by March 2019, warns Industry body
The industry body said that recent regulatory changes, including those on hardware and software upgrades, coupled with mandates on cash management standards and the cassette swap method of loading cash, will make ATM operations unviable, resulting in the closure
Important to address concerns quickly in cyber era, Nestle CEO on Maggi crisis learning
Maggi was banned by the Food Safety and Standards Authority of India (FSSAI) in June 2015 for five months for allegedly containing lead beyond permissible limits, forcing Nestle India to withdraw the product from the market. Following legal battles, the popular noodles brand was back in the market in November 2015.
India won’t achieve 2-degree cut in global warming by 2030, says report
“This emission pathway is not compatible with a 2C scenario. India’s sectoral policies are still falling short of being consistent with the Paris Agreement, but the country’s ambitious policy on renewable electricity is a promising sign.”Particular highlights from India include its extremely ambitious 175 GW target for renewables capacity by 2022, its very high level of energy efficiency of the overall Indian economy, and new sector-specific policies such as the national cooling action plan,” it added.
Boeing defends 737 safety as first U.S. lawsuit filed over Lion Air crash
Investigators believe an erroneous sensor prompted a computerized safety system to aggressively push the jet into a dive as pilots were trying to deal with multiple malfunctions. Boeing and U.S. aviation regulators are considering whether to add a software fix to the 737 Max. Three U.S. pilots’ unions have raised concern about what they say is a lack of information provided by Boeing on the safety system
El Nino may hit Indian Rabi Crop in Fy 2018-19:JBA Flood Model
Dr Iain Willis, JBA Risk Management Singapore Managing Director, explained “There’s currently a 70 per cent chance that the global climate will experience an El Nino warming phase from October this year into early 2019. We know that El Nino can have substantial effects on the rainfall patterns of the Indian summer monsoon. Crop simulations ran using historic climate data suggest that some major Indian rainfed crops, including Soybean and Groundnut, are particularly vulnerable to these changes during El Nino years and can be adversely affected.”