Against a backdrop of geopolitical and economic challenges, more...
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Google ad tech class action gets go ahead from London court
Should the claimants prove that the Alphabet Inc. unit preferred...
EVs for sustainability: Navigating New Challenges
ICICI Lombard’s new study highlights how Electric Vehicles are...
Lemonade’s 2020 giveback hits new high, Backing 34 nonprofits chosen by customers
The Lemonade Giveback is part of the company’s socially-impactful business model, in which a portion of underwriting profits go to nonprofits of customers’ choosing. As the Lemonade community grows, so does the potential of the Giveback, and this year’s donation is more than 20x the first one in 2017.
“The global pandemic has hurt so many in so many ways. More than ever, we’re grateful that our business allows us to take care of our customers while they take care of their communities.Many of our customers selected Direct Relief’s COVID response for their Giveback, and in so doing they helped finance medication for 50,000 ICU patients – a hugely impactful move,”said Daniel Schreiber, Lemonade CEO and cofounder.
AI Express plane overshoots runway at Kozhikode airport,broken into 2 pieces,17 dead
.There were 191 passengers, including crew members on board the flight and both the pilots along with 15 other persons have died and100 passengers have been injured.
Mumbai based state owned New India Assurance(NIA) is the primary insurer of Air India and the total cover for the airlines is heavily reinsured, upto almost 95 per cent, in the London market.
“There will be major hull claims as the aircraft is completely damaged. There will be also claims on account of the death of two pilots and and other passengers ,” said insurnace industry sources.
AIE flight crash:Govt announces Rs 10 lakh interim relief for each of the deceased, Rs 2 lakh for the seriously injured,Death toll rises to 18
Seventeen people were killed and scores injured when the AIEflight from Dubai with 190 on board overshot the table toprunway while landing in heavy rains and fell into a valley 35 feet below and broke into two portions on Friday night.
The pilot-in-command Captain Deepak Sathe and his co- pilot Akhilesh Kumar were among those who lost their lives.
Civil Aviation Minister Hardeep Singh Puri said authorities managed to rescue most of the passengers because the plane did not catch fire while descending the slope at the end of the table-top runway. Such runways are located at an altitude and have steep drops at one or both ends.
Delhi launches Electric Vehicle Policy,Mahindra seeks investors for EV business
Under the policy, the Delhi government will give incentive of up to Rs 30,000 for two-wheelers, autos and e-rickshaws while for cars, it will give incentive of up to Rs 1.5 lakh, Delhi Chief Minister Arvind Kejriwal said.
“After launching this policy, we expect 500,000 new electric vehicle in next five years… The Delhi government will set up dedicated ‘EV Cell’ to implement ‘electric vehicle policy,” Kejriwal said.
Meanwhile,Indian automaker Mahindra & Mahindra is looking for investment partners for its domestic electric vehicles business and is finalising investment plans for its Automobili Pininfarina unit, the group’s managing director said on Friday.
Life insurers can obtain customer’s consent without requiring wet signature in pure risk products till Dec 31:IRDAI
The prospect, if he / she wishes to consent to the proposal, may do so by clicking the confirmation link or by validating the OTP shared. The insurer has to maintain verifiable, legally valid evidence for the proposer’s consent received for the fully completed proposal form. Further, the insurer can’t accept any payment of moneys towards proposal deposit till the receipt of consent of the proposer.
Modern driver-assistance technology ‘far from reliable’ – AAA study
Automakers are accelerating the automation of routine driving tasks including cruising on a highway and stop-and-go traffic. The options offer a new source of profit for automakers as more consumers buy or lease vehicles with Advanced Driver Assistance Systems.
Some of the systems, such as automatic emergency braking, have proven safety benefits, while others, including pedestrian detection, are still in their infancy.
Robots running the industrial world are open to cyber attacks
Robots are often connected to networks and run via software, according to the report, and previously unknown vulnerabilities could allow hackers to hide malicious code in them and other automated, programmable manufacturing machines.
The researcher found flaws in software produced and distributed by the Swedish-Swiss multinational ABB Ltd, one among world’s largest industrial robot maker. They also found other vulnerabilities in one of industry’s most popular open-source software called “Robot Operating System Industrial”, or Ros-I, adapted for ABB and for Kuka AG, a German robot maker.
Life insurers can issue e-policies in 2020-21:IRDAI
The life insurers have to confirm the date of receipt of electronic policy document by the policyholder through PIVC or other means and preserving the proof so that free look period may be calculated from that date and 30 days free look period should be allowed for all such electronic policy documents, said the IRDAI
AIA and Practo joins hands to promote consumer wellness in India
Bill Lisle, AIA Group Regional Chief Executive and Group Chief Distribution Officer, said, “This partnership is the outcome of AIA’s commitment to providing compelling, integrated and personalised propositions to our customers in India. Practo has an outstanding track record as India’s leading digital healthcare platform and we look forward to collaborating to benefit customers of both entities..Our partnership with Practo reflects our commitment to the Indian market and our confidence in its long-term prospects given the combination of strong economic growth, rising incomes and low insurance penetration.”
Virgin seeks to revive supersonic commercial flight — but faster
The aircraft’s draft design showed a plane with a triangular “delta wing” carrying between nine and 19 passengers at an altitude of more than 60,000 feet, or 18,000 meters — about twice as high as normal commercial flight.
The plane would take off and land at existing airport runways.
Virgin Galactic said its team would “work to address key challenges in thermal management, maintenance, noise, emissions, and economics that routine high speed commercial flights would entail.”