Welcome to My Blog
Here is a masonry blog layout with no sidebar
Florida focused insurtech Slide plans to $340 million US IPO
Slide and some of its existing stakeholders are looking to raise up to $340 million by offering 20 million shares priced between $15 and $17 each, the company revealed in a filing on Monday. Insurance tech company Slide is aiming for a valuation of up to $2.12 billion...
ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the fallout from climate change as a financial risk that has the potential to threaten bank solvency. That’s in contrast to the Federal Reserve, with Chair Jerome Powell recently stating that climate isn’t...
Israel-Iran Conflict: War risk insurance premiums for shipments to Israel spurt
Individual underwriters will price risk and rates differently, but this will add tens of thousands of dollars of extra daily costs for every voyage War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between...
Term Insurance: Women’s preferred financial product
Bajaj Allianz Life Women Term Survey highlights a significant shift in financial priorities - with children’s future, education expenses, and health surfacing as top concerns. Term insurance emerged as the preferred financial product for women to secure their child’s...
Strengthen password update software question the unusual Google cybersecurity pro on online safety
Heather Adkins, Vice President of Engineering, Google Security Reports show a significant surge in cyber fraud, with scammers leveraging advanced techniques like AI-generated content, deep fake videos, and voice cloning to create highly convincing fraudulent schemes....
AI plane crash: Insurers in a fix as both policyholders and nominees among dead
There are instances of an entire family perishing or one of the spouses dying in the horrific June 12 crash of the London-bound plane, which claimed the lives of 241 persons on board and 29 on the ground Ahmedabad: Insurance companies are facing challenges in settling...
US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year
Overall, increased climate costs from insurance premiums, power outages, disaster recovery and uninsured damage are responsible for $7.7 trillion, or 36%, of US GDP growth since 2000. Risks are rising both from climate change, as it increases the severity and...
By 2027, 50% of business decisions will be augmented by AI agents for decision intelligence: Report
Gartner's key predictions include a significant increase in business decisions augmented or automated by AI agents, a direct correlation between executive AI literacy and higher financial performance, and potential critical failures in managing synthetic data that...
DGCA says no ‘major safety concerns’ on Air India’s Boeing 787 fleet
It advised the airline to strengthen internal coordination across engineering, operations, ground handling units and ensure availability of adequate spares to mitigate passenger delays resulting from such issues and strictly adhere to regulations. New Delhi: After...
Central banks favour gold over dollar for reserves, WGC survey
"Gold’s performance during times of crisis, portfolio diversification and inflation hedging are some key themes driving plans to accumulate more gold over the coming year," WGC LONDON: Central banks around the world expect their gold holdings as a proportion of their...
Passenger vehicle wholesales marginally down at 3,44,656 units in May: SIAM
Total vehicle wholesales across categories were up 1.8 per cent at 20,12,969 units as against 19,76,674 units in May last year, it added. Domestic passenger vehicle wholesales were marginally down 0.8 per cent at 3,44,656 units in May this year as compared to 3,47,492...
Action plan should be made to tackle heat waves: Amit Shah
Amit Shah ,Union Home Minister ``For the first time, we have also created a National Disaster Risk Management Fund at the national level with ₹68,000 crore,'' revealed Amit Shah New Delhi: Union Home Minister Amit Shah said over the past two years, workshops of all...
Air India’s Ahmedabad crash claim likely to hit around $475 million, liability losses can touch $350 million, says GIC Re
As surveyors and lawyers from London, appointed by reinsurers of Air India policy, are now camping in Ahmedabad to take stock of devastation and prepare various loss reports including Hull and passenger liability so that re/insurers will start paying...
Household savings in India drop to 18.1% of GDP in FY24: CareEdge Ratings
On the other hand, household financial liabilities surged to 6.2 per cent of GDP, nearly doubling over the past decade, reflecting growing reliance on credit amid consumption needs, the report observed. New Delhi: India's household savings continued their downward...
Pune Indrayani river bridge collapse: Four dead, 18 injured
Maharashtra Minister of Disaster Management Girish Mahajan, who was at the site monitoring rescue efforts, said the bridge collapsed under the weight of a large number of tourists PUNE: Four persons died and 18 were seriously injured after an old iron bridge on...
Plane crash DNA tests identify 47 victims, 24 bodies handed over to kin
The committee, headed by Union Home Secretary Govind Mohan, is mandated to ascertain the "root cause" of the plane crash and assess any contributing factors, including mechanical failure, human error, and regulatory compliances. The committee has been mandated to...
Iran-Israel war could hurt exports; increase insurance costs: Exporters
"The war will further hurt global trade. The situation was gradually improving but now again the trade will be impacted. Our exports to Europe and countries like Russia may get hurt. Freight rates and insurance are expected to increase," Federation of Indian Export...
Tesla’s public robotaxi rides set for tentative June 22 start, CEO Musk says
Commercialising autonomous vehicles (AV) has been challenging with safety concerns, tight regulations and soaring investments, and many have been skeptical of Musk's plans SAN FRANCISCO: Tesla tentatively plans to begin offering rides on its self-driving robotaxis to...