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Indian
Shimla, Coimbatore, Chandigarh Top Niti Aayog’s 1st SDG Urban India Index
Top 10 Urban areas in SDG Urban Index and Dashboard 2021-22 are...
Govt seeks to block most cryptocurrencies in new bill, government says
Through the Cryptocurrency and Regulation of Official Digital...
Sebi chief asks investors not to invest on basis of market rumours
Sebi Chairman Ajay Tyagi "As it is said, informed investors are a...
Govt plans to provide more tax concessions on vehicles bought after scrapping old ones: Gadkari
The road transport and highways minister said he is also requesting...
International
Pandemic forces virtual safety checks for oil tankers
With an estimated 160 million barrels of surplus oil being kept onboard dozens of tankers because on-land storage is full, the situation is pressing.
If restrictions on access to ships stay in place towards the final quarter of the year, tankers may be unable to store oil or sail until repairs can be carried out. This could drive up freight rates for shipping and storage, as fewer vessels will be seaworthy.
U.S. lawmaker wants insurers, govt. to share future pandemic business losses
The legislation, introduced by Rep. Carolyn Maloney, a Democrat from New York, would provide up to $750 billion in taxpayer funds to pay insurance claims for business loss revenue during future pandemics. Insurers would first have to pay out a total of $250 million in losses, according to the bill.
Insurers are turning their focus to future pandemics after facing lawsuits, political pressure and criticism from customers who say insurers’ business interruption policies denied their claims for pandemic-related losses.
FERMA calls for EU resilience framework for catastrophic risks
FERMA President Dirk Wegener said: “We now aim to deepen discussions with the EU, the Member States and the insurance sector, and to develop solutions for both short-term crisis management and long-term business resilience. FERMA members have expertise and experience in the field of business interruption that we want to contribute to the future resilience of European business.”
Busy Atlantic hurricane season predicted for 2020
HOUSTON: U.S. forecasters expect an above-normal 13-19 named...
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