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Family with disabled minors wins Rs 1.09 cr compensation for 2018 Bihar road crash
Over ₹56 lakh was awarded to the two children, including a toddler whose right leg was amputated below the knee, and a five-year-old girl who suffered severe facial disfigurement and head trauma. This money has been ordered into a fixed deposit in a nationalized bank...
Iran seeks “insurance mechanism” to reduce risks for ships transiting through Hormuz
"Yes, we want to maintain the security of the Strait of Hormuz. We want to protect the environment of the Strait of Hormuz. We must establish an insurance mechanism so that ships involved in incidents or encountering problems are covered to reduce their risk," Iran's...
Govt to launch affordable cloud-based hospital management system for small clinics on Jun 29
Union Health Minister J P Nadda will launch an e-Sushrut clinic, a simplified HMIS developed by the Centre for Development of Advanced Computing (C-DAC), aimed at addressing the digital needs of small clinics, primary health centres, health and wellness centres,...
TotalEnergies must address climate risks linked to its products, French court rules
``The law does not mean to render companies responsible for those risks, which result from all human activity on the planet since the industrial revolution, but asks them to act according to their situation.Extracting, refining and marketing of a barrel of oil...
Australia’s security environment degrading, spy chief warns
"Australian Security Intelligence Organisation (ASIO)'s annual assessment followed a year in which Australia confronted threats on multiple fronts, from online radicalisation, state-sponsored cyberattacks to arson against Jewish businesses and a mass shooting in...
Venezuela earthquakes kill nearly 1,000, tens of thousands missing
United Nations aid chief Tom Fletcher told AFP that more than 50,000 people were missing after two powerful earthquakes struck within a minute of each other on Wednesday evening, flattening buildings in the north of the country. The death toll from twin earthquakes in...
China’s 360 says it has developed tools to match Anthropic’s Mythos
360’s release marks the most high-profile Chinese answer yet to Anthropic’s Mythos model, which has triggered alarm in Washington and other capitals, as well as across the cybersecurity industry, over its ability to discover vulnerabilities in sensitive systems....
Apple supplier Tata tightens internal controls after data breach, sources say
Reuters reported this week that ransomware group World Leaks posted more than 200,000 files to the dark web, including purported component design papers from Apple and Tesla, both of which are Tata clients. Reuters could not verify the authenticity of the data. NEW...
Health Insurance: Creating simple, adequate, and transparent solutions
Among young Indians, the study finds that financial awareness is no longer translating into protection. While over half of Gen Z respondents actively invest through mutual funds and SIPs, many continue to postpone purchasing personal health insurance, assuming...
NGT asks UP dept to take action against ‘illegal’ groundwater extraction in Noida, Greater Noida
The order comes against the backdrop of growing concern over India's rapidly shrinking groundwater reserves. India is the world's largest user of groundwater, accounting for roughly a quarter of global extraction. New Delhi:The National Green Tribunal (NGT) has...
MoRTH proposes phased rollout of cybersecurity management systems for vehicles
The Ministry of Road Transport and Highways(MoRTH), in a draft notification issued on June 22, said the proposed regulations will apply across the vehicle categories M(passenger vehicles), N (goods carriers), and T (trailers). New Delhi: The Road Transport Ministry...
Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman
"Safe passage through the Strait of Hormuz cannot be guaranteed under ambiguous arrangements, parallel routes or decision-making that does not take Iran's role as a coastal state into account," Deputy Foreign Minister Kazem Gharibabadi said on X. DUBAI/LONDON: Tehran...
India’s Renewable Energy Sector:Need to invest in climate resilience
The report by Zurich Kotak General Insurance and Zurich Resilience Solutions finds that nearly 90% of the planned renewable energy generation capacity across India is likely to face high or critical risk exposure, i.e. a ~15% to 30% chance of experiencing a major...
Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&P
S&P said South Asia is especially exposed to second-order risks of the West Asia conflict.India is the world's largest urea importer and relies heavily on Gulf suppliers, India is the world's largest urea importer and relies heavily on Gulf suppliers, while...
MS Amlin joins Natural Disaster Fund as capacity provider
The NDF is a blended risk transfer vehicle designed to mitigate climate-related challenges and build resilience for low-and-middle-income countries and currently has a portfolio of more than $100m of risks. LONDON: MS Amlin, the Lloyd’s global specialist (re)insurer,...
Twin powerful quakes devastate Venezuela; Death toll rises to 164, nearly 1,000 injured
Wednesday evening’s 7.2 and 7.5 magnitude earthquakes were among the strongest to strike Venezuela in more than a century and could be felt throughout the region. The country's main airport was damaged and closed, while buildings were evacuated in places as far away...
AI:From analytics to workforce and workflow
AI is rapidly becoming the new divider between leaders versus followers and laggards in insurance.Insurers leading are redesigning their operational model leveraging a cloud and AI-native core technology foundation that deeply integrates AI into the business and...
LIC CFO Sunil Agarwal quits
Sunil Agrawal, chief financial officer(CFO) and Key Managerial Personnel(KMP) of ,Life Insurance Corporation has resigned on Wednesday to pursue better prospects.His resignation will be effective from July 14. Jayasimhan Madabhushi Matam Tirumala, executive Director...