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Indian
Gallagher becomes the first global insurance broker to set up a 100 % subsidiary in India
Special drive launched to bring more farmers under PM crop cover scheme
A week-long drive, starting July 1, will cover all notified areas under the kharif 2021 season with special focus on 75 aspirational districts where crop insurance penetration is low.
Launching the special drive, Agriculture Minister Narendra Singh Tomar said so far 29.16 crore farmers have insured their crops under the PMFBY.
More than Rs 95,000 crore worth of claims have been provided to farmers since the launch of the scheme, against the total premium of Rs 17,000 crore paid by them, he said.
Centre rushes teams to six states reporting high number of Covid cases
The teams will visit the states,Kerala, Arunachal Pradesh, Tripura, Odisha, Chhattisgarh and Manipur immediately and monitor the overall implementation of COVID-19 management, especially in testing, including surveillance and containment operations; Covid Appropriate Behaviour and its enforcement; availability of hospital beds, sufficient logistics including ambulances, ventilators, medical oxygen etc., and COVID-19 vaccination progress.
India is targeting additional 2 bn carbon sequestration by 2030: Javadekar
International
Japan non-life insurers focus on profitability
Over the last few years, Japan’s major non-life players have embarked on global expansion at an accelerated pace, seeking risk diversification. With regard to a change in companies’ risk profiles, AM Best views adopting a holistic approach to capital and catastrophe risk management remains crucial for the major Japan non-life insurersin the event of unforeseen catastrophe losses or amid challenging post-event market conditions.
U.S. Post Office testing Driverless Trucks between 2 cities
The Postal Service spends more than $4 billion per year on highway trucking services through outside contractors. Those costs have been rising due to a national shortage of drivers. Self-driving trucks could save hundreds of millions by eliminating human drivers and the hours-of-service rules that keep them from driving round the clock.
Surprise! India has the third highest expat salary packages in Asia
The average expatriate pay package provided by companies in Japan to mid-level employees is $386,451 a year, eclipsing what’s on offer anywhere else in the region, according to a report by consultancy ECA International. Japan also saw the biggest increase in expat package values last year, thanks to a stronger yen and steeper housing costs, said Lee Quane, a regional director at the firm.
Airlines urge Nations’ Regulators to avoid competing Safety Rules
The head of the International Air Transport Association (IATA), representing 290 airlines or more than 80 percent of world traffic, backed the existing process that usually involves one host regulator lead certification for each type of new aircraft, in exchange for reciprocal agreements with other agencies across the world.Airlines want to “avoid each model being certified 1,000 times” but focus instead on a single lead regulator, Alexandre de Juniac told a meeting of aerospace executives in Paris.
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