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Here is a masonry blog layout with no sidebarMarsh McLennan to work with Ukrainian government to unlock access to global insurance market
It follows the proposals that Marsh McLennan has made to Ukrainian and G7 governments for the creation of a war risk insurance pool. This would be a multinational public-private partnership based on the existing terrorism insurance pools that currently operate in...
US climate change lawsuit seeks $50 billion, citing 2021 heat wave
Rather than acknowledge the dangers of climate change, the lawsuit said the fossil fuel industry worked to undermine the scientific consensus around the problem “with pseudo-science, fabricated doubt, and a well-funded, sustained public relations campaign to promote...
Google backs creation of cybersecurity clinics with $20 mn donation
Sundar Pichai,CEO,Google Google CEO Sundar Pichai said the new initiative addresses both the rising number of cyberattacks up 38 per cent globally in 2022 and the lack of candidates trained to stop them. While many groups think there is nothing they can do against a...
Over 1.3 billion people globally to have diabetes by 2050, finds study
Addressing racism and economic inequality will be important for controlling diabetes, a group of researchers from the US, Africa, India and Australia, wrote in a separate article in the same journal. People in low- and middle-income countries are more likely to suffer...
UP heat wave made at least two times more likely by climate change, shows analysis
“We see again and again that climate change dramatically increases the frequency and intensity of heat waves, one of the deadliest weather events that exist. Our most recent World Weather Attribution (WWA) study has shown that this has been recognised in India, but...
Assam floods: Nearly 4.96 lakh people affected in 22 districts
In the last 24 hours, the flood waters breached 10 embankments and damaged 3 other embankments, 92 roads, 3 bridges, several Anganwadi centres, irrigation canals, and culverts The ASDMA flood report also stated that 3,46,639 domestic animals have also affected due to...
Ex-Goldman Sachs banker Brijesh Goel convicted of insider trading
Goel, 38, was convicted on Wednesday after a seven-day trial for tipping off former Barclays Plc trader Akshay Niranjan about deals at Goldman, yielding total illegal profits of approximately $280,000 Goel was convicted of four counts of securities fraud and one count...
U.S. bank regulators considering tougher rules for banks over $100 bln in size
FDIC Chairman Martin Gruenberg said in a speech the spring turmoil in the banking sector showed firms of that size pose a risk to the financial system and merit stricter oversight. Three banks failed during the spring, requiring regulators to step in and backstop...
Lawsuit: Insufficient prototype testing could put Titanic sub passengers in ‘extreme danger’
David Lochridge, OceanGate’s director of marine operations, wrote an engineering report in 2018 that said the craft under development needed more testing and that passengers might be endangered when it reached “extreme depths,” according to a lawsuit filed that year...
Fight against inflation not over, job only half done: RBI Governor
Shaktikanta Das,Governor,Reserve Bank of India "Our job is only half done, having brought inflation within the target band (4-6 per cent). Our fight against inflation is not yet over," the RBI Governor said at the latest monetary policy meeting held from June 6-8, the...
Britain says insurer capital rule changes to start by end of 2023
The risk margin refers to the potential cost for a failing insurer to transfer its policies to a third party to avoid disruption to customers. "It is considering options to enable reforms to the matching adjustment to come into force by the end of June 2024, and the...
Transformative industry trends present $200 billion opportunity for re/insurers: Aon Report
Sherif Zakhary, CEO of Aon’s Strategy and Technology Group, said: “These megatrends each equate to risk and opportunity for the global insurance industry, and so as risk experts we cannot afford to sit on the sidelines and wait for these trends to crystalize. We have...
Delta variant, a warning the COVID-19 virus is getting ‘fitter and faster’
Tedros Adhanom Gebreyesus,Director-General, WHO Almost 4 million cases worldwide were reported last week to WHO and the agency expects the total number of cases to pass 200 million, in the next two weeks. "And we know this is an underestimate", underscored...
Debt crises in Global South debilitating fight against climate change: Report
Hurricane Maria that hit the Carribean island of Dominica in 2017 caused damage equivalent to 226 per cent of its gross domestic product (GDP).Floods in Pakistan in 2022 and cyclone Pam in Vanuatu in 2015 caused damages worth 9 per cent and 64 per cent of their...
World Bank wants catastrophe insurance in new loans for disaster hit countries: Report
Ajay Banga,President,World Bank World Bank President Ajay Banga will unveil measures, including the pause on repayments and embedding catastrophe insurance into new loans in a speech in Paris on Thursday, the newspaper reported French President Emmanuel Macron is...
Amazon duped millions of consumers into enrolling in Prime, US FTC says
The consumer protection agency filed a lawsuit claiming that Amazon’s website manipulates users into enrolling in Prime, where subscribers pay $139 a year for privileges like speedy free delivery, video streaming and access to 100 million songs. The cancellation...