Risk Management

At least 126 killed as Myanmar jade mine collapse buries workers

International News       Jul 02, 2020

Myanmar: A landslide at a jade mine in northern Myanmar killed at least 126 people, with more feared dead, authorities said on Thursday, after a heap of mining waste collapsed into a lake and buried many workers under mud and water.   The miners were collecting...

From Parkinson's to peanut allergy, pandemic puts brakes on new drugs

International News       Jul 01, 2020

  Treatments for peanut allergy and Parkinson’s disease are among U.S. drug launches that have been postponed by the COVID-19 pandemic as drugmakers struggle with disruptions to business, a Reuters review of filings and interviews with executives show.   The Food and Drug Administration (FDA) has approved...

Second fatal NLC India boiler blast in 2 months kills at least six

Indian News       Jul 01, 2020

  CHENNAI: A boiler blast on Wednesday at lignite miner and electricity generator NLC India’s plant in the southern Tamil Nadu state killed at least six people, a company official and local police said, the second deadly boiler explosion in two months.   “Six people died on...

G. Srinivasan, director, National Insurance Academy

G Srinivasan panel to study suitability of Surety Bond issuance by Indian insurers

Indian News       Jul 01, 2020

  Hydearbad: Prodded by the the Ministry of Road Transport and Highways((MORTH) the segment regulator IRDAI, on Wednesday, has formed a panel under G. Srinivasan, director, National Insurance Academy, to assess the suitability of the Indian insurance industry or any other sector to offer Surety Bonds...

BoE to review climate impact of corporate bond-buying after COVID crisis

International News       Jul 01, 2020

LONDON: Bank of England Governor Andrew Bailey said the British central bank would look at introducing climate change considerations when deciding which corporate bonds it buys once the coronavirus crisis has eased.The BoE has been targeted by climate change protesters who have been calling and...

AGCS embarks on global overhaul to regain profitability and market leadership

International News       Jul 01, 2020

  London/Munich/New York/Paris/Singapore:: Under its new leadership, Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, announced a comprehensive transformation program, “New AGCS”, to regain profitability and market leadership in the corporate and specialty insurance segment. Supported by a number of new leadership...

Lloyd’s Chief Executive John Neal

Lloyd's calls for state-backed 'Black Swan' reinsurance

International News       Jul 01, 2020

LONDON:  “Black Swan” reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd’s of London said.   Commercial insurance market Lloyd’s has said insurers worldwide will pay out more than $100 billion in coronavirus-related claims this...

Millions at risk in Bangladesh as monsoon floods add to coronavirus worries

International News       Jul 01, 2020

  DHAKA: Hundreds of thousands of people in Bangladesh have been marooned and thousands of hectares of farmland submerged, officials said on Wednesday, as floods triggered by monsoon rains ravage the country already grappling with the coronavirus.   Officials said the flooding in Bangladesh was made worse...

Security beefed up near Taj Mahal Palace, Hotel Colaba After bomb threat from Pakistan

Indian News       Jun 30, 2020

  Mumbai:  Police have beefed up security outside the Taj hotel in south Mumbai after the Karachi Stock Exchange terror attack, a senior official said on Tuesday. The iconic hotel in Colaba area was among the targets of Pakistani terrorists during the 26/11 Mumbai terror attack.  ...

Car crashes deadlier as drivers speed during lockdowns:Study

International News       Jun 30, 2020

LONDON: Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis shows.   In New York City, the ratio of fatal crashes to all...