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Panda meets general re/insurers, takes stock of industry functioning
Debasish Panda,chairman, IRDAI ``This meeting was for general update and to review industry performance in terms of growth, loss ratio, claim settlement ratios, initiatives taken by the IRDAI in the last few months and as an industry what else can be done to...
Abortions, drug use exposed in cyberattack on Australian health insurer Medibank
Following through on a threat, the hackers began publishing the most private medical details of some of Medibank’s customers, including terminated pregnancies, treatment for drug and alcohol addiction and heart attacks, according to a cybersecurity analyst, victims...
BOC Aviation takes insurers to court over claim for jets in Russia
The insurers named in the proceedings, which the filing shows were issued on Nov.3, include Lloyd’s of London Ltd., AIG Inc., Chubb Ltd. and Swiss Re AG. Leasing firms have begun pursuing claims over huge losses since losing control of more than 400 leased planes...
Over 95% organisations in India experienced ‘new fraud’ incidents in past 2-yrs: PwC Survey
Puneet Garkhel, Partner and Leader, Forensics Services, PwC India, said that with organisational perimeters becoming more vulnerable over the past two years, it is imperative for businesses to not only continually focus on policies, training and internal controls but...
At 8th spot, India ranks high on list for climate protection: report
China, which is the world's biggest polluter now, fell 13 places to 51st in this year's CCPI and received an overall very-low rating due to plans for new coal-fired power plants New Delhi: India climbed two spots to rank eighth out of 63 in the Climate Change...
Eating ultra-processed foods linked with premature death risk: Study
The researchers suggested that in high-income countries such as the US, Canada, the UK, and Australia, where UPFs account for more than half of total caloric intake, the estimated impact would be even higher. Reducing the consumption of UPFs and promoting healthier...
Study finds link between computer access, mental health among young people
The findings of the study were published in Scientific Reports. The COVID-19 pandemic had a significant effect on young people's mental health, with evidence of rising levels of anxiety, depression, and psychological distress. Adolescence is a period when people are...
Sebi amends rules; introduces new option for appointment, removal of independent directors
''In case a special resolution for the appointment of an independent director fails to get the requisite majority of votes, but the votes cast in favour of the resolution exceed the votes cast against the resolution, and the votes cast by the public shareholders in...
India submits long-term strategy to achieve net-zero target by 2070
Bhupender Yadav,Union Environment Minister India's approach to low-carbon development is based on four key considerations -- low historic contribution to global warming, energy needs for development, commitment to low-carbon growth according to national circumstances...
Climate justice gets harder as world population passes 8 billion
These are also among the countries most vulnerable to climate impacts, and most in need of climate finance. In sub-Saharan Africa, where some 738 million people already live without adequate food supplies, the population is projected to jump by 95% by mid-century,...
With 177 million, India largest contributor to global population milestone of 8 billion: UN
The World Population Prospects 2022, released in July this year said that India's population stands at 1.412 billion in 2022, compared with China's 1.426 billion According to UNFPA estimates, 68 per cent of India's population is between 15-64 years old in 2022, while...
US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines
Air India is among the six airlines that have agreed to cough up a total of over USD 600 million as refunds, the US Department of Transportation said on Monday Air India’s policy of “refund on request” is contrary to the Department of Transportation policy, which...
Rich nations stick to coal phase-out as China builds new plants
“Accelerated retirements (of coal plants) within the OECD and the collapse in the scale of new project proposals in the rest of the world have been counteracted by the ongoing expansion of the coal fleet in China,” said the PPCA, an international campaign aimed at...
World population to hit 8 billion today: UN Report
While it took the global population 12 years to grow from 7 to 8 billion, it will take approximately 15 years--until 2037-- for it to reach 9 billion, a sign that the overall growth rate of the global population is slowing Globally, life expectancy reached 72.8 years...
Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI
Financial Information Providers in insurance sector need to enter into a contractual framework with the AAs, and the same has to distinctly specify the rights and obligations of each party and modalities of dispute resolution mechanism Hyderabad: The...
TATA Steel Limited wins RIMS ERM global award of distinction
The award recognizes Tata Steel’s outstanding ERM achievements that have enabled the organization to streamline processes, strengthen collaboration across the enterprise and achieve strategic objectives. NEW YORK: RIMS, the risk management society®, presented Tata...
Elon Musk trial opens to decide fate of his $56 bln Tesla pay
A Tesla shareholder hopes to prove during the five-day trial that Musk used his dominance over the electric vehicle maker's board to dictate terms of the 2018 package, which did not even require him to work at Tesla full-time A trial opened on Monday over shareholder...
India’s urban infrastructure needs $ 840 billion investments over next 15 years: World Bank
By 2036, 600 million people will be living in urban cities in India, representing 40 per cent of the population. "Cities in India need large amounts of financing to promote green, smart, inclusive, and sustainable urbanization. Creating a conducive environment for...