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Urbanisation’s influence on climate change increasing in recent decades, study finds
Researchers analysed land temperatures from all over the world and...
Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC
A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla...
U.S. insurers use lofty estimates to beat back coronavirus claims
The industry has warned it could cost them $255 billion to $431 billion a month if they are required, as some states are proposing, to compensate firms for income lost and expenses owed due to virus-led shutdowns, an amount it says would make insurers insolvent.
IRDA asks insurers to allow telemedicine facilities for their policyholders
Provision of allowing telemedicine will be part of claim settlement of policy of the insurers and need not be filed separately with the IRDAI for any modification. However, the norms of sub limits, monthly/ annual limits etc. of the product shall apply without any relaxation, said IRDAI .
Aon’s partners with GK8 for providing insurable digital-asset storage tech
“We have worked hard to demonstrate the validity of GK8’s solution to insurers so that the company’s clients can benefit from pre-negotiated insurance coverage to protect the digital assets in their care, custody, or control,” says Tom Davis, Client Director of Aon UK Ltd.
ICICI Lombard launches Rs 5 lakh domestic multi-trip cover for an anuual premium of Rs 499
For domestic travelers who may be worried about stepping out during the COVID-19 pandemic, this unique, all-in-one insurance product offers a comprehensive bouquet of benefits that cover losses arising from trip cancellations, home burglary while travelling, missed connecting flights, lost baggage and more
Eelectric Cars:Emerging risks and claims scenarios for manufacturers,suppliers and insurers
“From supply chain networks to production processes to the product itself – the automotive industry will have to respond to many emerging risks to make the transition to electric vehicles happen,” says Daphne Ricken, Senior Underwriter Liability at AGCS. “The anticipated growth of electric cars brings the prospect of new defect or performance issues; more expensive repair costs; new fire and cyber threats; and even reputational issues around sustainable sourcing and disposal of critical components and raw materials for batteries.”
IBM gets out of facial recognition business
The company will stop offering facial recognition software and oppose any use of such technology for purposes of mass surveillance and racial profiling, Krishna said.
Israeli tech firm to sell $32.4 million in medical watches in India
The company said the agreement is for 150,000 watches – which can monitor vital signs like temperature, blood pressure and blood oxygen saturation – to be used in hospitals, home hospitalizations and patient monitoring.
Singapore plans wearable virus-tracing device for all
Singapore will soon roll out the device, which does not depend on a smartphone, and “may then distribute it to everyone in Singapore,” Vivian Balakrishnan, the minister in charge of the city-state’s smart nation initiative, said on Friday.
Tata AIG offers telematics-based motor insurance tracking app
Available on all policies offering personal accidental cover to the tune of Rs. 15 lakhs for owner and driver, this app also tracks distance traveled by the vehicle, live speed and other driving pattern parameters and offers bonus kilometers for good driving behavior at the time of the renewal, thus, promoting safe driving habits.
Self-driving cars could only prevent a third of U.S. crashes – study
Companies developing self-driving vehicles, including traditional automakers and technology companies, have repeatedly positioned fully automated driving as a tool to drastically reduce road deaths by taking the human driver out of the equation.But the IIHS study outlined a more nuanced picture of human driver error, showing that not all mistakes can be eliminated by camera, radar and other sensor-based driverless technology.