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Govt doubles down on safeguarding Indians from rising cyber crimes: MoS IT

Govt doubles down on safeguarding Indians from rising cyber crimes: MoS IT

Rajeev Chandrasekhar,Minister of State for Electronics and IT “On being notified by the customer, the bank shall credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer’s account within 10 working days from the date of...

Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re

Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re

Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...

US insurers invested in fossil fuels as climate risks to underwriting mount -report

A data sample comprising 77% of U.S. insurers showed they held fossil fuel-related assets worth $536 billion in 2019, and patterns are unlikely to have changed dramatically since then, according to sustainability consultancy ERM, investor advocacy group Ceres and...