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Indian
XL’s India FRB to shut down, to be merged with AXA France’s FRB
-Prior to the global merger- AXA group acquired XL group in 2018-...
Drunk driving leads to 8,355 road accidents in 2020; wrong-side driving causes 20,228 mishaps
Gadkari said that while jumping red light led to 2,721 accidents,...
India seeks tougher action from US tech giants on fake news: Report
The meeting was a follow-up to the I&B ministry's use of...
Insurers hope to benefit from Budget spurred economic growth
``We are confident that the proposed measures such as the National...
International
Hurricane Laura slams Louisiana, kills six, but less damage than forecast
Laura was downgraded to a tropical depression by the NHC at 10 p.m., and the forecaster said it will move to the mid-Mississippi Valley later on Friday and then to the mid-Atlantic states on Saturday.
Laura caused less mayhem than forecasts predicted – but officials said it remained a dangerous storm and that it would take days to assess the damage. At least 867,000 homes and businesses in Louisiana, Texas and Arkansas remained without power on Thursday afternoon.
“This was the most powerful storm to ever make landfall in Louisiana,” Governor John Bel Edwards told a news conference. “It’s continuing to cause damage and life-threatening conditions.”
Financial technology companies funding in APAC up 9.1% in Q2; India sees 38% dip
Global protection gap for mortality, health and natural cat reach a new high of $1.24 trillion:Swiss Re
Globally, mortality resilience declined the most, driven by a widening of the mortality protection gap in the Asia-Pacific region, where China’s protection gap expanded due to rapidly growing household debt
Health resilience was stable despite some deterioration in emerging markets.
The global health protection gap widened by more than 5% to USD 588 billion.Natural catastrophe resilience was lowest of the three risk areas. Swiss Re Institute expects that health and mortality protection gaps will widen as households grapple with lower incomes, higher healthcare costs and the financial consequences of losing a breadwinner as a result of the pandemic.
EU needs more proactive climate change adaptation plans – insurers
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