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Here is a masonry blog layout with no sidebarFraudsters use customer’s mobile phone to hack Himachal co-op bank server steal Rs 11 cr
The fraudsters allegedly hacked the server through a mobile phone application of a customer, who holds an account at the bank's Hatli branch in Chamba district Shimla: Fraudsters allegedly used a customer's mobile phone to hack the Himachal Pradesh State Co-operative...
Moody’s cuts America’s pristine credit rating, citing rising debt
"Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs," Moody's said on Friday, as it changed its outlook on the U.S. to "stable" from "negative." Moody's downgraded...
Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires
The result “gives us confidence in our 2025 targets despite a challenging environment,” Chief Executive Officer Andreas Bergersaid in a statement on Friday Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive...
Covid-19 wave returns in Asia, cases increase in Hong Kong, Singapore
Densely-populated financial centres such as Hong Kong and Singapore have reported significant increases in infections, while health agencies in China and Thailand are also grappling with fresh outbreaks. Despite previous periods of relative stability, the current wave...
FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions
The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re, Amandeep Singh Grover, GM, National Insurance Company(NIC) for Oriental Insurance Company(OIC), Anjana Saxena, GM, NIC for OIC, Sanjay Lalla, GM, NIC for Agriculture Insurance Company(AIC), Mini George,...
‘Form SITs to ascertain nature’ SC cancels MoEF nod over transfer of forest land to pvt body
"We further direct the chief secretaries of all the states and the administrators of all the Union Territories to constitute special investigation teams for the purpose of examining as to whether any of the reserved forest land in the possession of the revenue...
Passenger vehicle dispatches rise 4 pc, two-wheelers see 17 pc dip in April: SIAM
SIAM Director General Rajesh Menon stated that the auto industry smoothly transitioned to the new regulatory regime of second stage of On-Board Diagnostics (OBD) 2 regulation for two- and three-wheelers from April 2025 onwards, in addition to rolling out E-20...
Govt clears appointment of Patnaik and Pant as new LIC MDs, Interview for a new CEO soon
FSIB will conduct interview soon of all MDs for selecting a new MD & CEO in place of Siddarth Mohanty in June after Patnaik and Pant take over their new positions The MDs who will be appearing for the FSIB interview are-Sat Pal Bhanoo, Ramachandran Doraiswamy,...
Magma General Insurance partners with Toyota Tsusho Insurance Broker India
Magma General Insurance has announced a strategic partnership with Toyota Tsusho Insurance Broker India that will distribute Magma’s comprehensive motor insurance products for private and commercial passenger vehicles through its 150 dealer network. Rajive...
US SEC chair says agency plans to create new rules for crypto tokens
Paul Atkins, the chair of the Securities and Exchange Commission In remarks made at the outset of a public meeting of the SEC’s crypto task force, Atkins also indicated that the SEC may consider tweaking its rules so that registered broker-dealers with an alternative...
Markel launches first-of-its-kind affirmative cyber product for collateral war cover
Chris Burgess, Director of Cyber at Markel International, commented: "With this new product, Markel is responding to the changing needs of our clients. We're conscious that some larger clients still want cyber cover for the indirect impact of war, and this product is...
UK’s financial regulator to relax rules for pushing insurance to large companies
The changes aim to better differentiate big corporates from smaller businesses that take out insurance, the Financial Conduct Authority said in an emailed statement on Wednesday. The move would “ease the burden on firms insuring larger businesses that can manage risks...
IRDAI approves Medi Assist’s Rs 311 cr take over of Paramount TPA
Nayan Shah, managing director, Paramount TPA said, ``The IRDAI has granted in-principle approval to both the parties to process with transaction. There will be no impact on day- to- day operation and servicing. All operation, team service , structure , system and...
Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers
It has secured regulatory approval to operate as a corporate agent and will soon begin distributing Health, Life, and General Insurance products on its platform for its customers, said Apollo HealthCo CEO Madhivanan Balakrishnan. All plans will be bundled with...
Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the APAC region, the protection gap was much higher with 95 percent of the losses not covered. Increases in population density in coastal areas, wealth and overall exposure to natural hazards in high-risk...
Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and agreed to prioritize efforts to understand financial risk implications of extreme weather events, the Bank for...
German reinsurers post profit falls after $1.9 billion Los Angeles fire claims
“The devastating wildfires in California are another example of how climate change is exacerbating the risks of extreme weather events,” said Hannover Re Chief Executive Clemens Jungsthoefel Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp...
Google facing at least €12 Billion in civil claims across Europe
The civil suits are linked to a 2017 decision by the European Commission to fine Google €2.4 billion for illegally leveraging its search dominance to give its own shopping service an edge Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage...