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Climate Change:Swiss Re stops covers for businesses with 30% thermal coal exposure 

It is a further step in refining Swiss Re’s approach to managing carbon-related sustainability risks and supporting the transition to a low-carbon economy.The thermal coal policy applies to both existing and new thermal coal mines and power plants, and is implemented across all lines of business and Swiss Re’s global scope of operations. 

India Inc faces online bigotry risk,reputational & business risks can pose business continuity risks  

Risk consultancy Kroll Inc. says it’s seeing an “exponential increase” in questions from corporate clients on how to manage the fallout from incidents on social media.“It doesn’t just carry reputational and business risk, it can snowball into business continuity risks that can spread faster than a forest fire,” said Tarun Bhatia, a Mumbai-based managing director at Kroll. “

IRDA clears LIC’s IDBI Bank acquistion plans, defers approvals for new `Reinsurance Regulations’

“Yes , we have cleared a proposal from the LIC to pick up upto 51 per cent in the IDBI Bank  and asked them to inform us afterwards when they plan to bring it down to 15 per cent, which is the maximum permissible limit a  life insurer can have in its investment in another company. But we have postponed our approval for the new reinsurance regulations.,’’ said top sources at IRDAI.

Is your smart fridge mining bitcoin for criminals? A guide to cryptojacking

Both Apple and Google have started to ban applications that mine virtual currencies on their devices. But Hron, the Avast researcher, warns that the risk is growing as more everyday devices are connected to the internet – from ovens to home lighting systems – and that these are often the least secure. Hron said that cheaply made Chinese devices were particularly easy to hack.