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IMD working to give forecast on thunderstorms 6-12 hours in advance
M Rajeevan from the Ministry of Earth Sciences said this year the IMD plans to have Standard Operating Procedures (SOPs) in place for dealing with thunderstorms instances and it will be working more closely with the National Diaster Management Authority (NMDA). Sending early warnings to states will give them more time to respond, he said, adding the system should be in place by April.
FPIs turn net sellers in January; withdraw Rs 3,600 cr in just 9 sessions
“Going ahead, the focus would be on the budget, country’s progress on the economic growth front as well as general elections. Other factors such as movement in crude prices and currency, which would have a bearing on the country’s macro-environment; and worries over global trade war will continue to guide the direction of FPI flows,” he added.
169 complaints of sexual harassment at workplace in private industries: WCD Ministry
Colorado Man Sentenced to 76 yrs of prison for $16mn securities fraud over Insurance Marketing Organisations
Fiat Chrysler to pay $700M to U.S., States, car owners over diesel emissions claims
US: Drug advertising drives $30 bn Medical Industry marketing machine
The researchers estimated that medical marketing reached $30 billion in 2016, up from $18 billion in 1997. Spending on consumer-focused ads climbed fastest. But marketing to doctors and other health professionals still grabbed the biggest share with the bulk of it paying for free drug samples.
“Marketing drives more treatments, more testing” that patients don’t always need, said Dr. Steven Woloshin, a Dartmouth College health policy expert. Woloshin wrote the report with his wife, Dr. Lisa Schwartz, both longtime critics of over-diagnosis and over-treatment.
65% chance that weak El Niño will emerge in Spring, U.S. Weather Service
New life premium mop-up inches up 2.41% in December
Smart Car makers see safety enhancements turning into revenue opportunities
Whether by generating alerts about drowsiness, unfastened seat belts or wallets left in the backseat, the emerging technology aims not only to cut back on distracted driving and other undesirablebehavior, but eventually help automakers and ride-hailing companies make money from data generated inside the vehicle.
Sharing Safety:Toyota offers Its Driver Assistance Technology to Competitors
Self-driving cars and related mobility services could become a $10 trillion market, according to Ford Motor Co. Chief Executive Officer Jim Hackett. Toyota’s seemingly selfless act could pay off in fat royalties and potentially burnish its reputation as a safety and technology leader just as those attributes become critical to the autonomous age. Toyota insists it’s about saving lives in a world where 1.3 million people die on the highway each year.
LIC loses over 2 % market share to pvt players in 2017-18
Surrender of life insurance policies rise in 2017-18, IRDAI
Insurance Penetration and Density are on a slow recovery path in India
Los Angeles sues IBM’s Weather Channel for use of location tracking
In a complaint filed Thursday [Jan. 3] in California state court, the city alleges IBM used detailed location data from users for targeted advertising and to identify consumer trends that might be useful to hedge funds, while at the same time telling consumers their location would only be used to localize weather forecasts. The suit doesn’t allege personally identifiable information was sold.
Bengal pulls out of Ayushman Bharat
Joseph Panel suggests measures to accord chartered institute status on IIISLA
There is a need to work with all the members of the IIISLA in a coherent manner to design a well-laid governance system to carry out the objects of its present Articles of Association and gain credibility, essentially required for the institute as well as for the profession of survey and loss assessment, suggest the report.
The total amount of domestic insurance claims paid (excluding health segment) has grown by 5.6% and 16.7% over the last two years. The growing volumes of non-life business and the increasing number of claims demand existence of qualified professional surveyors to examine, measure, assess the losses and report to insurers for speedy settlement of claims.