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Here is a masonry blog layout with no sidebarCyber Insurance growth slows down in US, records reaching $2 Billion in 2018, Fitch
Standalone cyber insurance premiums grew 12% in 2018, according to insurer statutory financial data. Fitch said high profile cyber events and previous uncertainty around cyber terms in commercial insurance policies continue to demonstrate the need for coverage. Insurers are addressing silent cyber risks by adding affirmative coverage in policies, including sublimits and cyber endorsements, but these efforts vary widely among individual companies.
Bank of England fires warning shot to insurers over capital, Libor
The BoE and the Financial Conduct Authority have written to the chief executives of insurers and banks, asking them to spell out their preparations for effectively ditching the use of Libor by the end of 2021.The BoE wants insurers to reference its overnight rate SONIA in contracts and balance sheet assessments after banks were fined billions of pounds for trying to rig Libor.
WhatsApp vulnerability allowed secretive installation of spyware
Monsoon likely to hit Kerala on June 4: Skymet
Indian pharma majors deny allegations of price fixing in US
The homegrown drugmakers are among the 21 generic pharmaceutical firms and 15 other individual defendants against whom the Attorneys General of 49 US states, the Commonwealth of Puerto Rico and the District of Columbia had filed a complaint with respect to 116 generic drugs in the US District Court for the District of Connecticut.
Paytm Mall probe reveals Rs 10-crore cashback fraud: Vijay Shekhar Sharma
Men go through postnatal depression too, but people mistake symptoms for tiredness or stress
The research team believes that much more can be done to promote a better understanding of paternal postnatal depression, so people don’t brush it off as simply tiredness or stress. This is particularly important as many men who experience symptoms of depression following the birth of their child may not be confident about asking for help and may be missed by healthcare professionals in the routine assessments of new parents
Saudi Arabia says two Saudi oil tankers attacked near UAE waters
Iran’s foreign ministry called the incidents “worrisome and dreadful” and asked for an investigation into the matter.The strait, a vital global oil and gas shipping route, separates the Gulf states and Iran, which has been embroiled in an escalating war of words with the United States over sanctions and the U.S. military’s presence in the region
Lloyd’s of London seeks behavior crackdown with culture Survey
The move is the latest part of the 331-year-old insurance exchange’s response to the scandal, after Bloomberg’s report found an atmosphere of near-persistent harassment ranging from inappropriate comments to unwanted touching to sexual assault. Lloyd’s has already said it will set up an independent whistleblower hotline and give potential lifetime bans for inappropriate behavior.
Cyber Risks to exceed Natural Disasters for insurers: Scor CEO
While the cost of cyber risks has been small until now, the panel agreed it was only bound to increase. Kessler said the cyber risk could exceed $600 billion per year “in the worst case scenario.” That compares with the yearly cost of natural catastrophes, which he said is about $230 billion. The cyber risk “would dwarf it. So it gives you a size of the risk,” Scor Chairman and Chief Executive Officer Denis Kessler said.
New India Assurance records a net profit of Rs 605 cr in 2018-19
How Homes are being built, raised to withstand Extreme Weather
Crash Victims’ final minutes will influence Financial Liability for Boeing, Insurers
While settling all those claims could cost $1 billion, according to a Bloomberg Intelligence estimate based on prior cases, legal experts agree the payouts could be even higher if evidence shows Boeing knew about flaws in the planes before the tragedies. That’s already prompted investor lawsuits claiming the company hid safety risks.
FPIs pull out Rs 3,207 crore in May so far
‘Modicare’ significant step towards universal health coverage in India: US think tank
“In a country of almost 1.4 billion people that is home to one-third of global maternal deaths, where public spending for health accounts for roughly one percent of GDP and where 60 million people fall into poverty every year because of healthcare bills, fixing healthcare is a daunting task that will determine the world’s performance against the Sustainable Development Goals over the coming decade,” said the report, a copy of which was made available exclusively to PTI.
Reliance entry to digitise 5 million kirana stores by 2023: Report
Cyclone Fani Death toll mounts to 43 people stage blockade
While the state government claimed to have restored power and drinking water supplies in urban pockets of Kendrapara, Jagatsinghpur and Cuttack districts, people Saturday blocked roads connecting Paradip and Cuttack, and the national highway linking Bhubaneswar with Puri, alleging lack of basic amenities.Similar agitations were seen in parts of the state capital where power continued to remain elusive for the eighth consecutive day.
India among Asian economies set to dominate 7% growth club during 2020s
India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark, according to a research note Sunday from Madhur Jha, Standard Chartered’s India-based head of thematic research, and Global Chief Economist David Mann. Ethiopia and Côte d’Ivoire are also likely to reach the 7 per cent growth pace, which typically means a doubling of gross domestic product every 10 years. That’ll be a boon to per-capita incomes, with Vietnam’s soaring to $10,400 in 2030 from about $2,500 last year, they estimate.