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Here is a masonry blog layout with no sidebarInsurers raise premiums for Black Sea tankers as tensions mount – traders
The war risk premium was increased from around 1% of the cargo’s cost to some 1.20-1.25%, the traders said The increase means every voyage will cost $200,000 per one Suezmax tanker (can carry 120,000-200,000 tonnes) more if Russian oil is delivered to India. The rise...
Nitin Gadkari to launch 100pc ethanol-fueled car on Aug 29
'We have taken a lot of (sustainability) initiatives but we need to take more because pollution is a problem. Ecology and the environment are very important. We need to reduce air and water pollution. We have to improve the quality of water in our rivers. This is a...
Deepfake imposter scams are driving a new wave of fraud
The fastest-growing scam category is investment fraud, often introduced to victims through search engines where scammers can easily buy sponsored advertising spots. When would-be investors click through, they often find realistic prospectuses and other financial data....
First ABDM microsite under the 100 microsites project by NHA launched in Aizawl
Speaking on the significance of the project, S. Gopalakrishnan, CEO, NHA said – “The 100 Microsite project under ABDM is a very important initiative for reaching out to the bulk of small and medium scale healthcare providers from the private sector. The concept of...
IRDAI cautions public not to deal with `Surety Seven’ selling Surety Bonds
The company is soliciting Surety Insurance policies including Bid Bond, Advance Payment Bond, Performance Bond, Court Bond, Customs Bond from the public especially from business like Construction and Import/Export Hyderabad: Insurance regulator IRDAI has cautioned...
Certain types of cancer can be predicted using AI: Study
“But a new automated tool embedded in the electronic health record holds the potential to bridge the gap between provider awareness and patients who are at an increased risk of developing esophageal adenocarcinoma and gastric cardia adenocarcinoma.” Washington: Over...
Number of US children killed by guns hit record high in 2021 – study
Gun violence has been the number one cause of death for children in the United States since 2020.Using the Centers for Disease Control and Prevention's mortality database, the study published in the AAP's journal Pediatrics found that 4,752 children died from...
Patients who recognise their symptoms of heart attack are less likely to die in hospital
"The findings indicate that education is needed for the general public and heart attack survivors on the symptoms that should trigger calling an ambulance. In our study, patients who knew the symptoms of a heart attack were more likely to receive treatment quickly and...
China’s Xian sends ‘sweet love’ messages to encourage baby making
The message comes as China's government tries to encourage young couples to have children, as an increasing number of women put off having children or opting to have none at all Many women cite the high cost of childrearing, difficulty in continuing on their career,...
How El Nino threatens emerging market economies
India and Egypt are among the economies that are overall most vulnerable to El Nino's impact this year, according to an index by Standard Chartered Bank, taking into account the weight of the primary sector, the share of food in inflation baskets and a country's...
Munich Re remains world’s largest reinsurer in AM Best’s Top 50 Ranking, followed again by Swiss Re
According to the report, total reinsurance gross premiums written by the top 50 reinsurers increased by 2.6% to USD 363.6 billion in 2022 “For many reinsurers, premium growth was driven primarily by strong rate increases, not exposure growth,” said Christopher...
Australia’s spending on public pensions to be lowest in OECD as private system takes strain
The number of Australians aged 65 and over will double by 2063 but spending on public pensions will decline to 2% of GDP over the same period, from 2.3% today, thanks to the private pension system, according to excerpts from the "Intergenerational Report 2023" seen by...
One billion people globally to have osteoarthritis by 2050: Lancet Study
Obesity or high body mass index (BMI) was an important risk factor for osteoarthritis, the study results showed, and that it played a greater role over time as rates of obesity had increased NEW DELHI: By 2050, nearly one billion people globally are projected to be...
Moody’s RMS estimates $4 to 6 billion in economic losses from Hawaii Wildfires
Michael Young, Vice President, Product Management, Moody’s RMS, noted: “When the rare situation of high wind and wildfire ignitions do occur again in the future, we need to be sure all the buildings comply with scientifically proven risk reduction features highlighted...
Miller announces new leadership roles in Asia
Ron Whyte, Head of Miller Asia, said: “Asia forms an important part of Miller’s international growth strategy and these new appointments provide us with greater focus as we continue to expand in the region'' London: Miller, an independent specialist (re)insurance...
Russia’s flagship oil above $60 does little to halt G-7 services
Insurers have complained publicly about the risks of covering cargoes using the attestation system in recent months. There has also been a drop off in the number of ships calling at Russian ports with industry-standard insurance from members of the International Group...
Japan to release Fukushima water into ocean from Aug. 24
The announcement comes a day after the government said it had won “a degree of understanding” from the fishing industry over the release of the water into the Pacific Ocean, even as fishing groups said they still feared the reputational damage would ruin their...
Ukraine in talks with insurers on deal to cover grain exports
Attacks by Russian forces on agricultural infrastructure in recent weeks have helped sustain sky-high insurance premiums for ships calling into Ukraine Current market rates for war risk insurance can be anywhere between 3% and 5% of the value of a ship, meaning there...