Welcome to My Blog

Here is a masonry blog layout with no sidebar

US home insurance leader Hippo Insurance raises $100 million

by | Jul 25, 2019 | , ,

Hippo is building faster, more accurate and more affordable homeowners insurance for today’s customers. The company’s data-driven pricing and real-time underwriting analyzes trusted public data sets, from municipal building records to satellite imagery of physical property characteristics, to develop a more accurate profile of a customer’s property, resulting in qualified customers receiving a comprehensive, tailored and accurate quote in under 60 seconds, and reduced premium costs of up to 25 percent

RIMS and Tata AIG team up for global risk management education opportunity

by | Jul 25, 2019 | , ,

Through their learning wing Tata AIG Academy, Tata AIG facilitates insurance learning for employees, insurance intermediaries, risk and insurance managers, in line with Tata AIG’s firm belief in the holistic development of a risk management culture in the Indian insurance market through imparting risk and insurance expertise that strengthens technical and functional capability and builds a talent pool of exceptional risk and insurance leaders.

Rhine river shipping faces another historic shutdown as drought hits water levels

by | Jul 24, 2019 | , , ,

Reflecting a trend seen in the Himalayas, the Rockies and other mountainous regions of the world, alpine glaciers have shrunk steadily as global warming makes melting in summer outpace accumulation of snow in winter. That means there’s less water feeding rivers each year. An April study by ETH Zurich predicts that half of the Alps’ glaciers could disappear within three decades.

Cost of Norsk Hydro Cyber attack higher than expected at nearly $75 million

by | Jul 24, 2019 | , , ,

The attack is now estimated to have cost 250-300 million crowns [$28.9 million-$34.6 million] in the second quarter, compared with an earlier estimate of 200-250 million crowns [$23.1 million-$28.9 million]. Including the first quarter impact, the total cost of the attack is set to be 550-650 million crowns [$63.5 million-$75.0 million].

Natural disasters cause a $73bn global economic loss,Insurance payouts totalled around $20bn in 1H 2019

by | Jul 24, 2019 | , ,

According to the report, there were an estimated 163 natural disaster events in 1H 2019, which was below the 18- average of 180 and the median of 182. There were at least 17 separate billion-dollar economic events in 1H 2019 – led by the United States and Asia Pacific (APAC) with six events each; Europe, Middle East and Africa (EMEA) with four events, and the Americas with one event.

Equifax’s $700 million data breach settlement includes $300 million for consumers

by | Jul 22, 2019 | , , , ,

Under the settlement, the company will establish a $300 million restitution fund for harmed consumers that could climb to $425 million depending on its use. Consumers eligible for the fund must submit claims showing they were fraud victims or set up credit-monitoring services following the breach

Google to pay $11 million to settle age bias employment claims

by | Jul 22, 2019 | , ,

The case was brought by a woman who claimed she was interviewed by Google four times over seven years and was never offered employment despite her “highly pertinent qualifications and programming experience” because of her age. Cheryl Fillekes accused the company of “a systematic pattern and practice of discriminating” against older people.

Private insurance firms got Rs 46 crore premium in 2 years, paid Rs 7 crore in claims to railway passengers: RTI

by | Jul 21, 2019 | ,

IRCTC, which is a wholly owned undertaking of the Ministry of Railways, has entered into an agreement with three private insurance companies through limited tender – Shriram General Insurance Company Ltd, ICICI Lombard General Insurance Company Ltd and Royal Sundaram General Insurance Company Ltd for its Optional Travel Insurance Scheme which was launched in September 2016 with a premium of Rs 0.92 per passenger.