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Indian
IRDAI plans to allow general insurers to vend long-term motor package policies
It proposed to allow general insurers to issue long term Own Damage...
ICICI Prudential Pension Funds turns profitable; to expand in more cities, tie up with fintech firm
The Rs 8.2-lakh crore pension fund industry, excluding the Atal...
Reluctance of ECGC to issue fresh insurance cover will have impact on exports and execution of projects: PHD Chamber
"ECGC is reluctant to issue the coverage to EXIM bank because of...
Govt makes 5 of IRDAI’s board decisions into regulations in less than a fortnight
Industry observers said with the speed government has notified some...
International
Biden directs US federal agencies to mitigate financial risk from climate
An executive order Biden issued Thursday calls for concrete steps to mitigate climate risks, while protecting workers’ life savings, spurring job creation and helping the United States lower greenhouse gas emissions that contribute to climate change.
New regulations could be issued on the banking, housing and agriculture sectors, among others.
Canada unprepared for facing climate change induced mega-hurricane-risk:Swiss-re-
But as ocean surfaces warm, the frequency, duration and intensity of storms increase. That’s extending their range and making Canada, where just one or two tropical cyclones make landfall each year, more vulnerable, according to the Zurich-based company, which provides reinsurance to 15% of the country’s insurance industry.
Italy probes Allianz Direct, Zurich for alleged cartel among automobile insurers
In a statement, the Italian Competition Authority said the companies involved were able to charge consumers higher premiums for automobile insurance policies as a result of the insurers and price comparison companies regularly sharing reports, prepared by the price comparers, of “sensitive information” on the market for auto policies.The probe involves, among others, Allianz Direct, Admiral Intermediary Services, Linear, Genertel, Zurich and price comparison websites such as facile.it.
Hackers offer decrypt key to Irish Health Service with a catch
While seeming to offer an olive branch — sharing a link to download the decryption key — the group reiterated its threats to disclose patient data unless Irish authorities paid the $20 million ransom demand.
“We are providing the decryption tool for your network for free,” the hackers said in the message posted on Thursday, which was reviewed by Bloomberg News. “But you should understand that we will sell or publish a lot of private data if you will not connect us and try to resolve the situation.”
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