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Here is a masonry blog layout with no sidebarGovt not planning to help banks rescue DHFL: Report
Japan to suffer minimum $10bn economic loss from Typhoon Hagibis, according to Aon catastrophe report
Steve Bowen, Director and Meteorologist within Aon’s Impact Forecasting team, said: “Vulnerabilities around tropical cyclones, flooding, and wildfires were again exposed during October. Events such as Typhoon Hagibis in Japan and wildfires in California served as a reminder of the repetitive, or clustering, nature of certain perils on a year-to-year basis that can often be hard to predict. With ample exposure located in high-risk locations all around the world, it becomes increasingly important to utilize the latest tools available to better prepare for future weather and climate-related scenarios in both mature and developing markets.”
Global debt load surges to new all-time record high of $188 trn: IMF chief
India registers 26.9 per cent decline in Maternal Mortality Rate since 2013: SRS Bulletin
An extra 15 minute daily walk could boost global economy: Study
EU Rules for responsible investing to be set for Insurers, Asset Managers in 2021
Aon & partners deliver pay-outs with first Blockchain-Based Agricultural Insurance Policies for smallholder farmers in Sri Lanka
After the coordinated launch earlier this year with 200 farmers enrolled who are at risk of losing their crops due to extreme weather, the system made pay-outs to farmers in this initial operations phase. The companies will now move forward by seeking solutions to some of the challenges identified in the next phase of the project as cropping season starts in November. The main goals of this follow-on phase are to refine the system’s efficiency and scale the number of farmers who will benefit from the microinsurance
Wall Street increasingly weighs risk from climate change
The increase in wildfires has prompted underwriters, such as Hiscox Ltd to incorporate new risks models and stop insuring some clients in high-risk areas such as California.Overall, 10% of insurers refused to renew policies in wildfire-prone areas in California in 2018, according to the California Department of Insurance.
Climate change: ‘Clear and unequivocal’ emergency, say scientists
“An emergency means that if we do not act or respond to the impacts of climate change by reducing our carbon emissions, reducing our livestock production, reducing our land clearing and fossil fuel consumption, the impacts will likely be more severe than we’ve experienced to date,” said lead author Dr Thomas Newsome, from the University of Sydney.
We will not miss the bus again, next wave of reforms soon: FM Sitharaman
With dozens of companies leaving China and opening shops in other emerging countries like Vietnam and Bangladesh following the US-China trade wars, Sitharaman said the government has created a list of potential players who will be tapped and added that some conversations are already on in this regard.
New FDA warning letters show Indian drug makers’ quality concerns persist
The latest regulatory crackdown shows US regulator’s stance is hardening toward lapses in quality control even as it seeks cheaper drugs to contain health care costs. Indian pharmaceutical factories collectively produce about 40 per cent of the American generic drug supply and have been faulted in the past by the FDA for everything from lax documentation to open toilet drains and malfunctioning equipment.
Govt , LIC & SBI to fund Rs 25,000 cr AIF for completing stalled housing projects
India would need around 2,400 new aircraft in next 20 years, Boeing
“The vast majority of these aircraft, as we no doubt expect, would be single-aisle fleets, 737-sized aircraft. It will make up for 85-90 per cent of the deliveries in the market place,” Darren Hulst, Deputy Vice President of Commercial Marketing, Boeing.explained, while unveiling the company’s annual India Commercial Market Outlook at New Delhi on Nov 6
Air pollution: It is a question of life and death of crores of people in Delhi-NCR region, says SC
Any attempt to create monopoly on data will not be acceptable: Govt
Govt unveils norms for 100% FDI in insurance intermediaries sector
However if a bank, whose primary business is outside the insurance area, is allowed by the IRDAI to function as an insurance intermediary, the foreign equity investment caps applicable in that sector, which is 74 percent, will continue to apply, subject to the condition that the revenues of such entities from the primary (non-insurance related) business must remain above 50 per cent. of their total revenues in any financial year.
Swiss Re may invest in a possible primary offering of CPIC’s securities
IRDAI shuts down Anil Ambani’s health insurance co,merge it with Reliance General
The IRDAI was compelled to take such a drastic action as the debt laden Reliance Capital, the parent company of RHICL has consistently failed to provide adequate capital to its one year old health insurance subsidiary, that had experienced steady erosion of the required solvency margin of 150 per cent over one year and had plunge to 63 per cent as on Sept 2019.RHICL, which commenced operations in October, 2018 has not been able to maintain the required solvency margin since June,2019,said the IRDAI