North Sea Collision: Total insured losses estimated between $100 million and $300 million, Focus shifts to environmental impact

North Sea Collision: Total insured losses estimated between $100 million and $300 million, Focus shifts to environmental impact

by | Mar 12, 2025 | Climate, Environment, Renewable Energy, International News, Risk Management

Total insured losses out of the collision are estimated to range between $100 million and $300 million for all coverages, Canada-based global credit ratings agency Morningstar DBRS . Focus is now shifting to the environmental impact of the blaze. While the incident is...
100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth

100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth

by | Mar 11, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

This enhanced limit will be available to those companies which invest their entire premium in India, said Pankaj Chaudhary, minister of state, Ministry of Finance in the Lok Sabha. New Delhi: By raising foreign direct investment(FDI) in the Indian insurance sector...

French households, businesses face soaring costs for insurance due to climate change: Govt

by | Mar 10, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Risk Management

The cost of climate disasters may double in the 30 years through 2050, reaching a cumulative €143 billion ($155 billion), the French government said in an adaptation plan. At a briefing in Paris, Ecology Minister Agnes Pannier-Runacher said climate change is a...