Welcome to My Blog
Here is a masonry blog layout with no sidebar
OpenAI commits $1 billion to cyberdefense effort amid AI safety scrutiny
OpenAI has faced increased scrutiny since its own AI agent breached systems at open-source platform Hugging Face during a July test and attempted to hide its actions. Similar concerns have emerged at rival Anthropic. Both firms are preparing for mega IPOs. OpenAI said...
Data Centres: Global investment boom could create USD200 billion commercial insurance opportunity amid rising accumulation risks, says Swiss Re
Gianfranco Lot, Swiss Re's Chief Underwriting Officer P&C Re, says: "We are seeing the digital economy become a real economy. AI needs data centres, power grids and increasingly complex infrastructure – and all of it needs insurance. That creates growth...
Nepal floods could cost insurers over $130 million even before death, injury claims
Eleven Nepali hydropower projects lie in the affected region, some covered by standard commercial insurance policies that are still being assessed, said Toton Chakraborty, CEO of Oriental Insurance Company Nepal. MUMBAI:The devastating flood in Nepal last week could...
Delhi tribunal awards Rs 86.45 lakh to family of woman killed in 2017 accident
The income of a homemaker needs to be calculated based on the minimum wages of a skilled worker. NEW DELHI: A Motor Accident Claims Tribunal (MACT) here has awarded Rs 86.45 lakh compensation to the family of a 31-year-old woman, who lost her life in a 2017 accident,...
Insurer can’t reject claim if alcohol habit disclosed before policy purchase: Consumer commission
The commission, however, pointed out that the medical examination form submitted on May 20, 2021, before the policy issuance, clearly stated the insured consumed "whisky of 90 ml twice in a month since 15 years". Further, relying on Supreme Court orders that termed...
40 high-hazard glacial lakes identified in Sikkim, 16 at highest risk of outburst
The state is working towards what could be the country’s first dedicated GLOF Risk Mitigation Protocol, aimed at creating a standardised scientific framework for assessing, preparing for and mitigating glacial flood risks. GANGTOK: The eastern Himalayan state of...
AI Phuket flight incident: AAIB preliminary report reveals hydraulic failure, Pilot’s positive drug screening
"In view of a non-negative result for psychoactive substances for one of the flight crew, it is recommended that DGCA may take appropriate actions as deemed fit to prevent abuse of psychoactive substances," AAIB said in its interim safety recommendation. New Delhi:...
Laurent Rousseau appointed as Head of International, Marsh Re
Laurent Rousseau as Head of International, Marsh Re said,“Today’s risk environment demands both deep local expertise and a truly global perspective. I look forward to working with our international teams to build on our strong foundation and bring the tailored...
ChatGPT, Gemini, Claude face widespread outages; AWS also hit
According to data from Downdetector, reports of outages began surging in the evening (IST), with users flagging issues ranging from total website inaccessibility to internal server errors when attempting to generate AI responses. New Delhi:Major artificial...
Fitch maintains ‘deteriorating’ outlook on the global reinsurance sector for 2027
``Our expectations of further price declines – although less pronounced than in 2026 – amid abundant capacity drive the outlook. This, alongside rising claims costs, will lead to margin and revenue erosion, although not enough to materially affect the sector’s very...
Home secy Govind Mohan reviews preparedness of Himalayan states/UT for GLOF and snow avalanches
Govind Mohan,Union Home Secretary The meeting concluded with directions for continued inter-agency coordination, regular sharing of risk information and strengthening of early warning and response mechanisms to minimise loss of life and property in vulnerable...
Controlling Strait of Hormuz: US attacks prompt Iranian retaliation as fighting intensifies
The resumption of hostilities brought an abrupt end to a month of subdued military activity, during which oil shipments through the Strait of Hormuz recovered to roughly half of pre-war levels. The improvement in flows risks being curtailed, affecting supplies of oil,...
German power grid hit twice in latest suspected sabotage
Countries across Europe are racing to harden power grids against sabotage, cyberattacks and military threats. The push follows Russia’s repeated attacks on Ukraine’s energy infrastructure and a series of sabotage incidents across Europe. Germany’s power grid was hit...
Ships adopt makeshift anti-drone defences as Black Sea attacks intensify
The scale of attacks from Russia and Ukraine on commercial ships and port infrastructure has increased sharply and may rise further, said Corey Ranslem, chief executive of maritime security group Dryad Global. Tankers and cargo ships are transiting the Bosphorus...
Howden Re launches analytics on SRCC risk
The launch comes at a moment of acute market focus on SRCC risk. Insured losses from civil unrest events have risen sharply in recent years, driven by an increasingly volatile geopolitical environment, yet the analytical tools available to the market have not kept...
Nepal Floods Catastrophe:15 non-life insurers report losses of Rs25.87 billion
The scale of the claims is being driven primarily by engineering and construction exposures, highlighting the concentration of insured losses in large infrastructure projects following the August 26 disaster. Kathmandu:Insurance claims arising from the devastating...
ICICI Bank acquires 2% stake from joint venture partner of its life insurance arm for Rs 1,470 cr
the bank's shareholding in ICICI Life stands at approximately 52.8 per cent. New Delhi: ICICI Bank on Wednesday said it has raised its stake in its life insurance venture by buying a 2 per cent stake from its joint venture partner for a sum of Rs 1,470 crore. The bank...
Fatal floods expose Threats to Hydropower in the Roof of the World
Costs of insuring projects may also increase as the recent flooding events “are likely to make insurers more cautious and the market for hydropower risks may harden further,” said Benjamin Ng, Asia power leader for Aon The devastating deluge that swept through the...