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South Korea jet crash puts fast-growing Jeju Air’s safety under scrutiny
Authorities have suggested a bird strike contributed to the accident, but as part of their probe into the incident aboard Boeing 737-800, police have raided the airlines’ Seoul office to seize documents related to the operation and maintenance of the plane Before it...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...
SC issues advisory against phishing attack impersonating official website
The notice said that the attackers were soliciting personal details and other confidential information. It advised the public to not share and divulge any personal and confidential information on these fake websites, as the same will enable the perpetrators to steal...
US ‘notorious markets’ report warns of risks from online pharmacies
The report says 96 per cent of online pharmacies were found to be violating the law, many operating without a license and selling medicines without prescriptions and safety warnings. Nearly all of the world's 35,000 online pharmacies are being run illegally and...
Clinical trials of medicines often done in poor countries, says SC
The top court had said clinical trials in the country must be for the help of people in the country and not be allowed for the benefits of multinational companies New Delhi: Observing clinical trials of medicines and vaccines were often carried out in poor countries,...
A milestone in biotechnology research: PM Modi unveils genome sequencing data of 10,000 Indians
"It will facilitate advancements in the treatment of genetic and infectious diseases, foster the development of new medications and precision medical techniques, and enable research into the lifestyles and habits of diverse communities," Prime Minister Narendra Modi...
McGill offers property war reinsurance for Ukraine
McGill said it had collaborated with local Ukrainian insurer ARX to provide up to $50 million in cover for each commercial property policy, with reinsurance from companies in London, including Lloyd’s of London syndicates Broker McGill and Partners has launched a...
SIP inflows in India cross Rs 26,000 crore mark for 1st time in December: AMFI
Along with the SIP, mutual fund (MF) folio also surged to 22.50 crore in December, from 22.02 crore in the previous month. New Delhi: Monthly systematic investment plans (SIPs) surpassed the Rs 26,000 crore mark for the first time in the month of December, showcasing...
Equity fund inflows in India surge over 14 pc to Rs 41,156 cr in Dec
The AUM growth in B-30 (Beyond 30 cities) outpaced the top-30 cities during this period. The mutual fund industry's AUM has increased by more than Rs 37 lakh crore in the last four years New Delhi: Actively managed equity mutual fund inflows saw over 14 per cent...
Parents can be legally compelled to offer education money to daughter: SC
“She, being the daughter, has an indefeasible, legally enforceable, lawful, and legitimate right to secure educational expenses from her parents. All that we observe is that the daughter has a fundamental right to pursue her education, for which the parents could be...
Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the wildfire could be around $10 billion, "We expect a majority of the losses to be related to homeowners' coverage and a significantly lesser amount to commercial," it said U.S. private forecaster AccuWeather...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and 97% of insured losses. Around 11,000 people lost their lives as a result of natural disasters in 2024 – significantly fewer than the average. Non-peak perils are increasingly fuelling the trend of...
DPDP Act 2023: Insuring fines and penalties
While clarity on insurability of DPDP Act fines from an enforcement standpoint remains to be witnessed, insurance providers can play a vital role in managing risks and supporting businesses in their efforts to comply with data protection regulations The recently...
Sebi issues new guidelines for research analysts, investment advisers
The new norms encompass qualification standards, fee structures, deposit requirements, and client segregation protocols. Mumbai: Markets regulator Sebi on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers...
Comment on woman’s body structure is sexual harassment: Kerala High Court
The ruling by Justice A. Badharudeen came while dismissing a former Kerala State Electricity Board (KSEB) employee's plea to quash the sexual harassment case against him filed by a woman staffer of the same organisation The Kerala High Court has held that a comment on...
LIC’s Bima Sakhi Yojana records over 50,000 registrations within one month of launch
LIC Managing Director and Chief Executive Officer Siddhartha Mohanty said, "It is our objective to cover each panchayat of the country with at least one Bima Sakhi within one year. LIC is strengthening the Bima Sakhi stream by grooming women with appropriate skills...
Frame policy on cashless treatment for motor accident victims by Mar 14 : SC to Centre
``We direct the Central government to make a scheme in terms of sub-section (2) of Section 162 of the MV Act as expeditiously as possible and, in any event, by March 14, 2025. No further time shall be granted, it ordered. said the Supreme Court NEW DELHI: In a...
Lloyd’s CEO John Neal to join Aon as global Reinsurance CEO and chairman of climate solutions
John Neal Neal, after six years in Lloyd's as a CEO, will play an important role in delivering Reinsurance solutions to meet the evolving demands of today's dynamic marketplace. He will be based in London, reporting to Andy Marcell, CEO of Risk Capital for Aon, and...