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Here is a masonry blog layout with no sidebarInsured losses from natural catastrophes set to top $100 billion in 2023
More than two-thirds of the insured losses were as a result of severe thunderstorms in the US. The 12-figure threshold is likely to be passed even though just $5 billion of the $40 billion in damages caused by the year’s most devastating event — the earthquake that...
Govt announces car safety rating to cut accident rate
Under the new system, cars will be assigned a rating of one to five stars based on crash tests and other safety parameters, to help buyers make an informed decision and encourage car makers to upgrade their safety standards.The move is also expected to bring cars in...
Marsh agrees to acquire Honan Insurance Group, seeks to expand its presence in Australia and New Zealand
“The addition of Honan’s highly complementary capabilities, particularly in corporate risk and strata insurance, will enable Marsh to deepen the specialist expertise we provide to clients across Australia and New Zealand,” Nick Harris, chief executive officer of...
Investing in digital technology and data can strengthen health systems
“Designed with people at the center, digital technology can make health services more personal, prevent healthcare costs from increasing, reduce differences in care, and make the job easier for those who provide health services,” said Mamta Murthi, Vice President for...
AI unlikely to destroy most jobs, but clerical workers at risk, ILO says
An explosion of interest in generative AI and its chatbot applications has sparked fears over job destruction, similar to those that emerged when the moving assembly line was introduced in the early 1900s and after mainframe computers in the 1950s. However, the study...
SBI Life launches a 24X7 contact centre
SBI Life Insurance launched its dedicated 24X7 inbound contact centre to address before and after purchase queries related to comprehensive insurance solutions provided by the company. The toll-free number is 18002679090.
Over 947mn cyberattacks blocked in India out of 1.1bn worldwide in Q2: Report
Banking and insurance and healthcare were the particularly targeted sectors that were heavily affected as each website in this sector faced bot attacks. New Delhi: More than 947 million cyberattacks blocked in India, out of a global total of 1.1 billion in the second...
How satellites are helping farmers adapt to global warming
In ten climate hotspots from Guatemala to Afghanistan, acute hunger has more than doubled in six years, according to UK charity Oxfam. But cutting-edge satellite sensor technology could play a big role in slowing that down. Experts envision a future in which farmers...
12% of sitting MPs of RS billionaires, highest percentage from AP, Telangana: ADR
The total assets of seven Members of Parliament (MPs) analysed from Telangana is Rs 5,596 crore, that of 11 MPs from Andhra Pradesh is Rs 3,823 crore, and 30 MPs analysed from Uttar Pradesh have total assets worth Rs 1,941 crore New Delhi: About 12 per cent of sitting...
The FAA orders quick inspections of some Pratt & Whitney turbofan engines on Airbus jets
U.S. regulators are requiring immediate inspections and possible repairs to Pratt & Whitney engines on some Airbus passenger jets because of a manufacturing problem that could cause parts to wear out sooner than expected WASHINGTON: U.S. regulators are requiring...
COVID-19 still a global health threat, new variant under scanner: WHO chief
Although COVID-19 is no longer a global health emergency, it remains a global health threat. WHO has recently classified a new variant with a large number of mutations. BA.2.86 variant is under monitoring at present, highlighting once again the need for all countries...
Moody’s affirms India’s sovereign rating flags risks of populist policies due to rising political tensions
All three global rating agencies, Fitch, S&P and Moody’s, have the lowest investment grade rating on India, with a stable outlook. The ratings are looked at by investors as a barometer of a country’s creditworthiness and affect borrowing costs New DelhI: Moody's...
2038 dead due to floods, landslides, lightning since April 1: MHA Data
Altogether 892 people drowned due to floods, 506 died due to lightning and 186 lost their lives due to landslides during from April 1 to August 17, according to the home ministry data New Delhi: As many as 2,038 people lost their lives due to floods, lightning and...
India faces record low August rains, threatening summer crops
August rainfall, expected to be the lowest since records began in 1901, could dent yields of summer-sown crops, from rice to soybeans, boosting prices and overall food inflation, which jumped in July to the highest since January 2020.The monsoon, vital for the...
Global Fintech Festival 2023 aims to aid startups bag USD 10 mn in funding
Union Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal, RBI Governor Shaktikanta Das, Sebi chairperson Madhabi Puri Buch, Irdai chairman Debasish Panda and SBI chairman Dinesh Khara will be among the speakers at the event Mumbai: Global...
Reliance’s financial unit to list on bourses on Aug 21
The company will primarily operates in the NBFC market and credit market segment and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals Mumbai: Jio Financial Services, the demerged financial services unit of...
Demand for electric two wheelers slowing down due to reduced govt subsidy: Report
Sales of electric two wheelers also significantly declined in Q1 FY24 due to the government withholding FAME subsidies for certain Original Equipment Manufacturers (OEMs), it said Additionally, the report said that a subsidy reduction to Rs 10,000 per kWh from Rs...
Verification of SIM card dealers mandatory; bulk connections discontinued to curb frauds: Ashwini Vaishnaw
Union minister Minister of Railways, Communications and Electronics & Information Technology (IT) Ashwini Vaishnaw has clarified that the verification of SIM card dealers will be carried out by "the licensee" or the respective telecom operator and added that a...