Welcome to My Blog

Here is a masonry blog layout with no sidebar

Another ship in rough Pacific Ocean spills containers overboard

by | Feb 5, 2021 | , , ,

Forty-one empty containers fell from the ship around Jan. 29, according to a website notice from marine-claims consultancy W.K. Webster, which said it has nominated a surveyor to investigate the extent of damage.​

​The incident is at least the second time this year, and the third time in less than 10 weeks, that a notable number of containers have fallen into the Pacific while ships ply the busy trade lane.

More at risk of losing homes as climate change outpaces response, Fiji warns

by | Feb 5, 2021 | , , , ,

Mami Mizutori, who leads the U.N. Office for Disaster Risk Reduction said globally, there had been a notable reduction in the loss of life caused by extreme weather events like storms and floods, as governments stepped up efforts over the past five years to evacuate millions of people to safer places. But the number of people affected by disasters remained “chronically high”, with displacement one of the harshest consequences, pushing many into crowded city slums or to other countries where they do not always get a friendly reception.

Only about 100 countries have so far put formal strategies in place to cut the risk of disasters, she said. Such plans can include things like early warning systems, stronger building codes and a ban on construction in flood-prone areas.

Bayer reaches $2 billion deal over future Roundup cancer claims

by | Feb 4, 2021 |

Bayer has been struggling to finalize the settlement of claims that Roundup and other glyphosate-based herbicides cause non-Hodgkin’s lymphoma, a type of cancer. Bayer inherited the business and the litigation as part of a $63 billion acquisition of Monsanto in 2018.

In June, Bayer reached a wider $9.6 billion settlement that would resolve the bulk of the more than 100,000 U.S. lawsuits that were already filed over Roundup.

Wednesday’s settlement would cover future claims brought by individuals who have been diagnosed with non-Hodgkin’s lymphoma and were exposed to Roundup before their diagnosis. The settlement also includes benefits for people who were exposed to Roundup and develop the cancer in the future.

Indian carries’ fleet strength rise from 669 in March 2020 to 713 in November 2020:Puri

by | Feb 4, 2021 | , ,

”Brazil has around 1,250, Australia has around 2,000, the US has more than 14,000. There is a growing requirement of helicopters for civil use in tourism, mining, corporate travel, air ambulance, homeland security, air charter, etc,” he added.

He said that while big established airlines across the world are in red, the fleet strength of Indian carries has increased from 669 in March 2020 to 713 in November 2020.”This fignure will go beyond 2,000 in the next few years,” he mentioned.

Maharashtra: Uddhav Thackeray launches scheme for startups to help file IT patents

by | Feb 4, 2021 | , , ,

“Our goal is to make the state number one in various skill development schemes and startups. A number of schemes have been undertaken for this purpose and new schemes will be added in the future as well. It has been proposed to set up an international standard Center for Skill Development in Mumbai and courses in ITIs are being updated in a timely manner,” Malik said. 

Govt sticks to $5 trn economy target; emphasis on infra aimed at achieving goal:DEA Secy

by | Feb 4, 2021 | ,

The Budget presented by Finance Minister Nirmala Sitharaman on Monday has given a big push to infrastructure spending, monetisation of assets, ramping up of capacities in healthcare sector and agriculture sector, among others. These initiatives are aimed at reviving the economy ravaged by the COVID-19 pandemic.

“We have not revised the target. We are pushing for it. The various initiatives of the government including emphasis on infrastructure are targeting towards achieving that goal,” Bajaj told PTI in an interview.

Chubb announces new appointments for Asia Pacific’s Property & Casualty team

by | Feb 4, 2021 | ,

Alex Todd has been appointed as the new Head of Property,responsible for the growth and performance of Chubb’s Commercial Property portfolio in Asia.
Jamie Park has been appointed as head of Financial Lines,responsible for the underwriting, product development, new business opportunities, as well as driving the overall profitability of Chubb’s Financial Lines portfolio in Asia. 

There are 4,000 variants of virus that causes COVID-19, UK minister says

by | Feb 4, 2021 | , , ,

Its very unlikely that the current vaccine won’t be effective on the variants whether in Kent or other variants especially when it comes to severe illness and hospitalisation
“All manufacturers, Pfizer-BioNTech, Moderna, Oxford-AstraZeneca and others are looking at how they can improve their vaccine to make sure that we are ready for any variant – there are about 4,000 variants around the world of COVID now.”UK Vaccine Deployment Minister Nadhim Zahawi told Sky News,”

International rating agencies give thumbs up to proposal of raising FDI limit to 74 % in insurance sector

by | Feb 4, 2021 | , , , ,

Prospectively, given the historical trends and the opportunity to hold greater ownership in the insurance companies, AM Best is of the opinion that the Indian insurance industry is likely to attract significant overseas capital inflow.
The possibility of higher foreign ownership would improve insurers’ financial flexibility by offering additional opportunities to bolster solvency. In addition, insurers would benefit from the sharing of risk management best practices, possibly leading to a lowering of exposure to high-risk assets and adoption of risk-based capital management, explained Mohammed Ali Riyazuddin Londe, vice President – senior analyst, Financial Institutions, Moody’s Investors Service.