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Here is a masonry blog layout with no sidebarThere would be significant cyber losses in the next 10 years: Mumenthaler
`There are certain tail risks that are too big, in my view, for the insurance industry to carry. We can carry a certain amount of risk, and we are active in the market, but I think the capacity will run out within the next three years.The shadow of cyber risk still looms large, with bad actors or rogue states capable of launching damaging cyber attacks that could even result in human losses, given our dependence on technology. It’s not a random event. It’s perpetuated by people and on the aggregation side it’s a real challenge,” he explained…
Ransomware attacks surge 40% globally in Q3: Report
Hackers attack 100 key people to collect intelligence: Microsoft
UK watchdog fines Marriott 18.4mn pounds over data breach
India’s COVID-19 caseload reaches 82.67 lakh, recoveries surge to 76,03,121
A total of 76,03,121 people have recuperated from the infection so far, pushing the national recovery rate to 91.96 per cent, while the case fatality rate stands at 1.49 per cent.
The number of active cases remained below six lakh for the fifth consecutive day.
There are 5,41,405 active cases in the country as on date which comprise 6.55 per cent of the total caseload, the data stated.
India’s COVID-19 caseload climbs to 81,84,082
A total of 74,91,513 people have recuperated from COVID-19 so far taking the national recovery rate to 91.54 per cent while the case fatality rate was recorded at 1.49 per cent.
The number of active cases of COVID-19 remained below 6 lakh for the third consecutive day.
There are 5,70,458 active cases of coronavirus infection in the country as on date which comprises 6.97 per cent of the total caseload, the data stated.
Impossible to wipe off COVID spread through lockdown, treat mask as vaccine: Delhi Health Minister
“There have been a lot of learnings from the lockdown, and a lot was also said that after the 21-day lockdown the virus spread will stop or with temperature going to 40 degrees Celsius, it will stop. Did it stop? So, the learning from that exercise has been that it is impossible to wipe off COVID-19 transmission through a lockdown as the virus has spread through the community,” he said when asked if lockdown-like restrictions could be imposed if spike in cases continue.
The other learning from the lockdown has been that the use of mask is an effective way to reduce the spread of the infection, he said.
Microsoft Teams platform reaches 115mn daily active users: Nadella
The video collaboration platform has added over 100 new capabilities in the last six months, including breakout rooms, meeting recaps, shift scheduling, and large scale digital events up to 20,000 participants, to help people transcend both time and distance.
“We are adding reimagined workspaces in Teams for every collaborator, remote, in-person, or on the go, and we’re accelerating our innovation for both first-line and knowledge workers,” Nadella stressed.
New insights in Teams provide personalised recommended actions, making it easier for employees to create healthy work habits and for leaders to build high-performing teams.
Wall Street logs biggest weekly loss since March as Covid-19 cases spiral
“COVID-19 cases and hospitalizations are surging across the United States and Europe. The stock market appears to be taking note,” analysts at Zacks Investment Management, said in a note Saturday.
The daily new cases have regularly surpassed 80,000 recently in the United States. The country has reported more than 9.1 million in total infections with the death toll surpassing 230,000 as of Saturday afternoon, showed a tally by Johns Hopkins University.
“The threat of another economic lockdown is low, but cities with spiralling hospitalization rates may need to pursue more targeted restrictions and closures. The stock market is likely to respond adversely to any planned economic restrictions,” Zacks analysts added.
Super typhoon Goni slams into Philippines, 1 million evacuated
Manila’s main airport was ordered shut down for 24 hours from Sunday to Monday and airlines canceled dozens of international and domestic flights. The military and national police, along with the coast guard and firefighters, have been put on full alert.
About 1,000 Covid-19 patients were moved to hospitals and hotels from tent quarantine and treatment centers in the capital and the northern province of Bulacan, Jalad said. More emergency shelters would be opened than usual to avoid congestion that can rapidly spark infections.
Bumper harvests, healthy stockpiles but coronavirus world is undernourished
More worrying is that while food production and stocks have remained sufficient, household budgets haven’t. Even before the pandemic, the world was hungry. A report published in July by the United Nations’s Food and Agriculture Organization and others estimated almost 690 million people were underfed in 2019 — up by 10 million from the previous year, and by nearly 60 million in five years. Close to 750 million of us, or nearly one in 10, didn’t have reliable access to sustenance.
SIAC order on Rs 24,713 cr RIL deal not enforceable, binding: Future Retail
Last Sunday, the SIAC passing an interim award in favour of Amazon had asked the Future group to put the deal on hold and said that the deal cannot go through until it finally decides the matter.
“The EA order is not enforceable under the provisions of the Arbitration and Conciliation Act, 1996 and is not binding on FRL. Any attempt on the part of Amazon to enforce the EA order shall be resisted by FRL to the fullest extent available under Indian law. FRL is also in the process of taking appropriate legal action to protect its rights,” the Future group firm said.
Tax mop-up showing signs of pick up, economy on revival path: Finance Secy
“The economic impact of pandemic would have been much more if our tax collection system had not improved. During the last year, we have taken measures like faceless assessment, faceless appeal, SFT (statement of financial transactions), restriction on cash withdrawal by imposing TDS (tax deducted at source).
“So the unscrupulous people who were evading taxes, now it has become harder for them. These would incentivise people to furnish correct tax information,” he said.
Johnson locks down England as UK COVID-19 cases pass 1 million
Johnson’s imposition of stricter curbs came after scientists warned the outbreak was going in the wrong direction and that action was needed to halt the spread of the virus if families were to have any hope of gathering at Christmas.
So far the United Kingdom has reported 46,555 COVID-19 deaths – defined as those dying within 28 days of a positive test. A broader death measure of those with COVID-19 on their death certificates gives the toll as 58,925.
India’s carmakers report brisk sales in monthly sales in Oct
Ransomware surge imperils hospitals as pandemic intensifies
Hackers are aware that “health care is the most likely to pay the ransom because their services are critical,” dos Santos said.
“Stopping services means that people will literally be dying.”
For hospitals unable or willing to pay, “it would mean going back to pen and paper, which can cause huge slowdowns,” he added.
China starts once-a-decade census of world’s largest population
GIC Re expects a price rise of 10-15 % in Jan 1 renewals, to implement Lloyd’s best practices:Srivastava
“We don’t have Business Interruption(BI) claims in India because of the lockdown in the country as General Insurance Council(GI Council),the official representetive body of the Indian resurers and general insurers, with the advise of the Indian insurnace regulator IRDAI has clarified that no BI claims are admissible, without physical damages, because of Covid-19 Pandemic.We have some BI exposures in the overseas markets like Europe and we are waiting for clarity to make payments. But we have already provided for it and it is unlikely to put pressure on our balancesheeet,” said Devesh Srivastava, Chairman-cum-Managing Director in an exclusive interview with Asia Insurance Post.
`GIC Re is in favour of participation of other global reinsurers in the Indian “Pandemic Pool’’he said