Risk Management

India asks internet service providers to block WeTransfer

Facts       Jun 01, 2020

NEW DELHI: India has ordered its internet service providers (ISPs) to block file-sharing website WeTransfer at a time when hundreds of millions of people are working from home because of a nationwide lockdown to stop the novel coronavirus.   The order, dated May 18, from India’s...

Mumbai gets severe cyclone alert,depression in the Arabian Sea is likely to intensify into a cyclone

Indian News       Jun 01, 2020

  Mumbai: The India Meteorological Department on Monday said that the depression in the Arabian Sea is likely to intensify into a severe cyclone and cross the north Maharashtra and south Gujarat coasts on June 3, and will have an impact on Mumbai.   The IMD on...

Insurers stare at a Rs 2000 crore hit from ``Amphan'' devastated WB and Orissa

Indian News       May 31, 2020

  Kolkata: The domestic general insurers are now expecting a Rs 2000 crore hit from two states- West Bengal (WB) and Orissa where cyclone ``Amphan'' has severly devastated some of parts of these two states. Till Saturday, the general insurance industry had already received claims worth...

Delhi-Moscow AI flight returns midway after pilot found COVID-19 positive

Indian News       May 30, 2020

  New Delhi: An Air India flight from Delhi to Moscow was asked to return midway on Saturday after its ground team realised that one of the pilots onboard the plane tested positive for coronavirus, officials in the airline and aviation regulator DGCA told PTI.   The...

Lloyd's of London considers part-virtual underwriting room

International News       May 30, 2020

LONDON: The Lloyd’s of London insurance market said on Friday it is considering combining its physical underwriting floor in the City of London with some online elements.Lloyd’s shut its “underwriting room” in its London tower on March 19 in response to the coronavirus pandemic and...

Pakistan Jet crashed shortly after bizarre landing attempt at 327 KPH

International News       May 29, 2020

  Karachi: A deadly plane crash in Pakistan is prompting questions about how the crew could touch down without landing gear when their sophisticated jetliner was bristling with equipment to prevent pilots from doing just that.   After an abrupt descent that had unnerved air-traffic controllers, the...

Trump signs executive order aimed at regulating social media companies

International News       May 29, 2020

Washington: US President Donald Trump on Thursday signed an executive order aimed at increasing the ability of the government to regulate social media platforms. Speaking from the Oval Office ahead of signing the order, Trump said that the move was to "defend free speech from...

Coronavirus impact on shipping industry: idle vessels face new risks, Allianz warns

      May 28, 2020

  Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore: Restrictions on supply chains and international travel due to the coronavirus outbreak have serious implications for the maritime industry. Although the threat from the perils ships usually encounter at sea may have reduced in many cases due to an increasing number of...

NY Stock Exchange traders, staff sign liability waivers for reopening

International News       May 28, 2020

  New Yok: New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since March 23 due to...

Trump executive order to reduce liability shield for social media giants

International News       May 28, 2020

Donald Trump has been raging against Twitter Inc. since the social media platform that helped vault him to the presidency slapped fact-check links on a pair of his tweets.   Now, he’s poised to take action Thursday that could bring a flurry of lawsuits down on...

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