Indian

‘Yass’ will intensify into a very severe cyclonic storm on May 26: IMD

May 23, 2021

“It is very likely to intensify into a very severe cyclonic storm. It will cross West Bengal and north Odisha coasts on the evening of May 26,” informed Dr Mohapatra.

Exide Life doubles its PBT at Rs 61 cr in 2020-21, expects 30 % growth in FY2021

May 23, 2021

He said following the COVID-19 outbreak, there have been a rise for protection policies that the company is selling.

In terms of total sum assured as of March 31, 2021, the company said it has settled about Rs 40 crore towards COVID-19 claims.

”And overall, we have settled claims worth over Rs 322 crore,” it added.

”In the past, we were doing 8-10 per cent of our business in protection policies. But, following the COVID-19 issue last year, we are now doing close to 18 per cent of our business in protection… It’s almost doubling,” Jain said.

Nineteen dead due to cyclone Tauktae in Maharashtra

May 22, 2021

Raigad, south of Mumbai, has emerged as worst-hit district in the state.As many as 81 structures were fully damaged while 13,021 structures were partially damaged, the report said.

A total of 13,425 people were evacuated to safer places.

Road ministry issues draft norms for safer, fuel-efficient tyres in India

May 22, 2021

“The standard shall align the tyre performance with regard to their sound emissions, rolling resistance and adhesion performance on wet surfaces (wet adhesion) with the Stage-II limits of European regulations. This will also enable the user to make informed decision,” the ministry said.

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International

Indonesia quake kills 82, leaves hundreds wounded

Aug 6, 2018

Indonesia, which straddles the Pacific’s “Ring of Fire,” is prone to earthquakes and volcanic eruptions. In January, a magnitude-6.1 earthquake struck off the southern coast of Java, Indonesia’s main island, rocking buildings in the country’s capital, Jakarta, and sending people fleeing into the streets.
In December 2004, a magnitude-9.1 earthquake off Sumatra set off a tsunami that killed 230,000 people in a dozen countries.

Dust from Sahara Desert Moves West, Puts Brakes on Atlantic Hurricanes

Aug 6, 2018

The dust, a marker for dry air, has spread out across the Atlantic and “that is really tamping down on the thunderstorm activity that we would typically see at this time of year,” said Jeff Masters, co-founder of Weather Underground in Ann Arbor, Michigan.

Atlantic Hurricane Season had early start, but fewer Storms Are Expected

Aug 5, 2018

Twelve named storms are likely to form in 2018, fewer than last year’s 17 and below the 1981-2010 average, according to a forecast Thursday from Colorado State University. That reduces the chance of Gulf of Mexico disruptions for energy and agriculture. But the outlook is a slight increase from July’s 11 and comes as the Atlantic Basin is about to enter its most active period.

Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors

Aug 3, 2018

Softbank’s Vision Funds’ big investments in firms like Uber or WeWork, leaders of the so-called “gig economy” mean that insurance acquisitions are particularly suited to its portfolio. Softbank founder Masayoshi Son has said he sees “insurtech” as a way to cross-sell to customers of his other companies.

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