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Indian

Judge-population ratio stood at 21.03 judges per million people in 2020

The judge-population ratio in 2018 stood at 19.78 judges per million people and 20.39 in 2019, Law Minister Kiren Rijiju told the Upper House in a written reply.

In order to calculate the judge-population ratio for per million population in a particular year, the Department of Justice in the Ministry of Law, uses the population count as per 2011 census and available information regarding sanctioned strength of judges in Supreme Court, high courts, district and subordinate courts, in the particular year, he said.

IIM Bangalore organises first-of-its kind fintech festival

The success of the programme could be judged from the fact that during the last nine months even as they were undergoing the incubation programme, the 10 select fintech startups have cumulatively raised Rs 25 crore as VC/angel funding.

International

Google fined $167 million in France amid crackdown on online advertising

The fine is France’s third biggest monopoly abuse penalty since 2009. French regulators are separately investigating Facebook Inc. following a complaint from Criteo. said Isabelle de Silva,president, France’s Autorite de la concurrence, It will also set up a new digital unit to handle internet issues.

Global cat insured losses from natural and man-made catastrophes fell 40% to $ 56 bn in 2018: Swiss Re

Climate change is leading to more frequent and more severe secondary peril events, which manifest in different ways: more local flooding, torrential rains,prolonged drought, severe wildfires and other extreme weather events. Together, secondary perils are estimated to comprise more than 50% of this year’s global insured losses from natural catastrophes, demonstrating once again the very significant impact these events can inflict on societies.

MS Amlin confirms exit from domestic UK P&C classes

Tom Clementi, CEO of MS Amlin Underwriting Limited, commented: “The decision to place these classes into run-off will enable us to focus on our core markets and ensure we are best placed to serve our clients going forward. The decision aligns with the new underwriting strategy we outlined on 30th September and the steps we have taken to remediate the business since then. We are committed to supporting both our customers and our people through this process.”

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