Risk Management

Boeing 737 MAX: Company finds 'new minor' software glitch in grounded aircraft

International News       Jan 18, 2020

  Boeing is working to fix a newly discovered problem with software powering up on the 737 Max, adding to the list of tasks the aircraft maker faces to get the grounded plane back in the air.   Boeing said Friday it has told the Federal Aviation...

WEF sounds alarms about Climate Change risks

International News       Jan 15, 2020

  The World Economic Forum is sounding alarm bells on climate change, with environmental risks occupying the group’s top five long-term concerns for the first time on record.   Extreme weather events, the failure of climate-change mitigation, major natural disasters, biodiversity loss and human-made environmental damage were...

RBI issues new debit and credit card rules to improve security

Indian News       Jan 15, 2020

  Mumbai: To improve user convenience and increase the security of debit and credit card transactions, the banking regulator Reserve Bank of India(RBI) has now asked the banks to provide facility to switch on / off and set / modify transaction limits (within the overall card...

India plans new law to protect foreign investment - sources

International News       Jan 15, 2020

  NEW DELHI: India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters. In a 40-page initial draft, India’s...

 Kumar Mangalam Birla says ‘slowbalization’ will define decade

Indian News       Jan 14, 2020

MUMBAI: For Indian billionaire Kumar Mangalam Birla, the world isn’t flat anymore.   Tensions between nationalism and globalization will probably be the most defining trend of the new decade, he said in a personal statement on LinkedIn, after climate change gripped the global narrative in 2019....

Women win $13M in lawsuit against porn site in California

Facts       Jan 13, 2020

  The owners and operators of a San Diego, Calif.-based porn website must pay $12.7 million after a judge found them liable for fraud and breach of contract for lying to women about how their explicit videos would be distributed, according to a court ruling Thursday.  ...

Govt to tweak bill to regulate digital media to ease burden on tech firms

Indian News       Jan 09, 2020

  New Delhi: India plans to amend proposed rules for policing digital content so the toughest measures apply only to big social media firms, two government sources told Reuters, in a move that could give relief to other tech players fearful of the new regulations.   The...

Re/insurers remain on alert as U.S.,Iran signal desire to avoid further conflict

International News       Jan 09, 2020

  WASHINGTON/London/BAGHDAD/DUBAI: President Donald Trump on Wednesday tempered days of angry rhetoric and suggested Iran was “standing down” after it fired missiles at U.S. forces in Iraq, as both sides looked to defuse a crisis over the U.S. killing of an Iranian general. Trump said the...

British regulator warns insurance industry to stamp out bad behavior – or else

International News       Jan 08, 2020

  London: Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and improve diversity, or risk losing their jobs.   The warning follows last year’s admission by Lloyd’s of London of sexual harassment and daytime drinking in...

Peak Re successfully places $ 77mn Lion Rock Re II Sidecar

International News       Jan 08, 2020

  Hong Kong: After completing groundbreaking placement of Lion Rock Re, Asia’s first reinsurance sidecar transaction in 2019, Hong Kong based Peak Reinsurance Company has announced that investors have supported Lion Rock Re II for 2020 with an increase in capacity for the coming period.   This...

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