Welcome to My Blog

Here is a masonry blog layout with no sidebar

Amazon’s online store down for many users globally

Its online store showed error messages on several regional domains. Reuters could not access product listing on its domains including, the United States, India, Canada, the United Kingdom, France and Singapore.More than 37,00 user reports had indicated issues with Amazon’s online store site, while about 280 users reported problems with the Amazon Web Services, according to Downdetector.

Life insurers report 4% rise in new year premium in June at Rs 30,009 cr

LIC’s cumulative first year premium in the June quarter fell 2.54 per cent from a year ago to Rs 35,600.68 crore. For the private industry, the combined cumulative new year premium during the three months rose by 34 per cent to Rs 17,124.58 crore.
For the remaining 23 private sector life insurers, the new premium in June jumped about 34 per cent to Rs 8,213.20 crore as against Rs 6,131.84 crore in the year-ago period.

NGT imposes Rs 10 crore fine on pharma company Teva API

“Having regard to the nature of violations in the present case and the financial capacity of the unit in question, we determine the compensation amount at Rs 10 crore which amount may be deposited with the District Magistrate within one month.The District Magistrate may keep the amount in a separate account to be spent for restoration of the environment by preparing an action plan for augmentation of the groundwater, afforestation, landscaping, restoration of the drain and offsite emergency plans,” the bench said.

Guy Carpenter launches suite of climate advisory and modeling services

Climate change is increasingly influencing the frequency and severity of natural catastrophe perils with physical climate risk creating both acute and chronic threats. In tandem, the shift to a less-polluting lower-carbon economy is spawning multiple transition risks, while failure to manage these physical and transition exposures is generating the potential for liability risks.

Miller &Guy Carpenter announce new appointments 

Seema brings over 16 years of industry experience to Miller, joining from Mar Risk Services where she most recently led its marine team and held a position on the Board.
Guy Carpenter, LLC, a leading global risk and reinsurance specialist and a business of Marsh McLennan, announced the appointments of Matt Petka as Managing Director and Riley Underwood as Senior Vice President within its GC Access business unit, with immediate effect.

Insurers face $4.5 billion+ damage bill from costliest severe storm period on record in Europe, Aon Catastrophe Report

Total aggregated insurance impacts from the SCS outbreaks between June 17 and 30 constitute the costliest stretch of severe weather in European history and fifth costliest globally, with combined losses preliminarily estimated by the national insurance sectors at $4.5 billion, surpassing the previous European record of $4.3 billion set by storm Andreas in 2013. Insurers in Austria, Switzerland and the Czech Republic recorded their costliest stretches of severe weather on record, while Germany experienced the second costliest.
Report also highlights devastating impact of record-setting heatwaves in U.S. and Canada

UP Population Bill draft denies government jobs, subsidy If more than 2 children

Listing incentives for public servants who adopt the two-child norm, the draft bill says, “Public servants who adopt the two-child norm will get two additional increments during the entire service, maternity or as the case may be, paternity leave of 12 months, with full salary and allowances and three per cent increase in the employer’s contribution fund under national pension scheme.”

Delta variant cases mark 32% weekly increase in UK, vaccine protection high

The data continues to show that the sharp increase in cases that we are seeing is not being followed by a similar increase in hospitalisation and death, said Dr Jenny Harries, Chief Executive of the UK Health Security Agency.

This is because two doses of the available vaccines offer a high level of protection against the Delta variant. Getting both jabs is the best way to ensure you and the people you love remain safe, so we once again urge everyone to come forward as soon as they are eligible, she said.