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Here is a masonry blog layout with no sidebarHealth drives non-life insurers back to black in Q1, premia growth up 13.8 pc: Report
Saudi Aramco facing USD 50M cyber extortion over leaked data
A page accessed by the AP on the darknet – a part of the internet hosted within an encrypted network and accessible only through specialized anonymity-providing tools – claimed the extortionist held 1 terabyte worth of Aramco data. A terabyte is 1,000 gigabytes.
The page offered Aramco a chance to have the data deleted for USD 50 million in cryptocurrency, while another timer counted down from USD 5 million, likely in an effort to pressure the company. It remains unclear who is behind the ransom plot.
Work from home future fades in Asia as companies seek more office space
The study also found that almost half of the Asian companies prefer dedicated seats for their staff, rather than sharing in what’s known as “hot-desking,” since most of them don’t intend to adopt hybrid work. While more than 60 per cent of the respondents said the staff-to-desk sharing ratio will increase over the coming couple of years, most of them were Western companies. That means an office desk will serve more employees in the future.
Policybazzar to float Rs 6,500 crore IPO soon
India ‘challenging place’ to do business, must ease hurdles: US State Dept
New protectionist measures, including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures not based on science, and Indian-specific standards not aligned with international standards, effectively closed off producers from global supply chains and restricted the expansion in bilateral trade, the report said.
Nine new Insurance Ombudsmen selected
Vipin Anand,managing director, Life Insurance Corporation, who will retiring this month end , has been chosen for Bengaluru, Girish Radhakrishnan, who retired as CMD of United India Insurance, has been selected for Kochi.
The other selected candidates are S.Sampathkumar for Chennai, N Sankaran for Hyderabad,B S Pandya for Mumbai, Atul Jerath for Chandigarh, RM Singh for Bhopal, Rajiv D Sharma for Jaipur, Somnath Ghosh for Guwahati.
U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger
Insured losses from western German floods may total 4-5 billion euros – trade body
As US wildfire threat grows, insurance capacity shrinks
Most wildfire losses that have hit the insurance market originated from California utility companies due to inverse condemnation, which states that private property owners are entitled to compensation if their property is damaged by the government or utilities.
While all U.S. states have such doctrines in place, California has been the only one to apply it for utility-related fires.
Aki Hussain to succeed Bronek Masojada as Group Chief Executive in Hiscox
Hamilton: Specialist global insurer Hiscox announces today that after 21 years as Group Chief Executive, Bronek Masojada has informed the Board of his intention to retire at the end of the year. Following a thorough succession process, the Board has appointed Aki...
J&J forecasts $2.5 bln in 2021 COVID-19 vaccine sales, sets lower production target
J&J estimated its vaccine price at $5 per dose in the first half of the year and said it would likely be as much as $8 by year end. The healthcare conglomerate, which promised it would not make a profit on the vaccine during the pandemic, said the fluctuating price reflected the net costs of the vaccine and production volumes. The $8 price is a bit lower than previous indications. South Africa has said it is paying $10 per dose for both the J&J and the two-shot Pfizer/BioNTech vaccines. AstraZeneca Plc is charging $3 per shot for its two-dose vaccine.
3523 Air India employees affected by Covid of which 56 died: Centre to LS
“On the death of a permanent/fixed-term contractual employee due to COVID-19, their families are paid compensation of Rs 10,00,000 and Rs. 5,00,000 respectively. Families of casual/contract workers are paid compensation of Rs 90,000 per two months’ salary,” the minister said. It further informed that COVID centres have been opened by the company in various locations to take care of the affected employees/ families.
“Reimbursement of vaccination charges are being provided to employees and their families if paid by them,” it added
No likely impact of Cairn and Devas lawsuits on its Air India’s disinvestment process: Govt
Cairn Energy and Devas Multimedia, respectively, are seeking USD 1.725 billion and USD 1.2 billion — which they won in international arbitrations — from India.
”Cairn Energy and Devas Multimedia have filed lawsuits in the United States District Court for Southern District of New York seeking declaratory and money judgement against Air India Limited as an alter ego of the Republic of India,” Singh said in a written reply to a question in Lok Sabha.
645 children lost their parents to Covid from Apr-May 28 during second wave: WCD
”The scheme, the prime minister has announced, provides support for education and health and will create a corpus of Rs 10 lakh for each child when he or she reaches 18 years of age. This corpus will be used to give a monthly financial support/ stipend form 18 years of age, for the next five years to take care of his or her personal requirements during the period of higher education and on reaching the age of 23 years, he or she will get the corpus amount as one lump-sum for personal and professional use,” Irani said.
Based on audacious assumptions: Centre dismisses studies claiming undercounting of India’s COVID deaths
Death rates soar in Southeast Asia as virus wave spreads
A variety of factors have contributed to the recent surge in the region, including people growing weary of the pandemic and letting precautions slip low vaccination rates, and the emergence of the delta variant of the virus, which was first detected in India, said Abhishek Rimal, the Asia-Pacific emergency health coordinator for the Red Cross, who is based in Malaysia.