CATASTROPHIC CLAIMS
Whistleblowers claim NASA and Boeing knew about the technical faults in the spacecraft carrying Sunita Williams and Butch Wilmore
NASA and Boeing's return voyage from the International Space Station aboard the Starliner aircraft carrying two astronauts, Sunita Williams and Butch Wilmore, has been further delayed as both astronauts are still stranded in space due to technical faults in the Boeing Starliner. Whistleblowers are claiming that managers of this crucial project had first-hand information about the faults much before the space mission.
Government initiates parametric & hydroelectric insurance pools for enhanced disaster protection
The government, led by GIC chairman Ramaswamy Narayanan, is developing parametric and hydroelectric insurance pools to enhance disaster protection. Parametric coverage will pay claims based on predefined triggers like earthquakes, while the hydroelectric pool will insure losses to power projects due to natural disasters. These schemes draw inspiration from the successful post-2004 terrorism insurance pool. The government plans to prioritize these initiatives after the elections. Details like whether the coverage will be at the state or district level are still being finalized.
Israel to hit back at 'genocide' claims by South Africa at International Court of Justice
Israel is set to defend itself against allegations of genocide in the International Court of Justice (ICJ) brought by South Africa over the military operation in Rafah. Israel claims is targeting Hamas militants. Israel Prime Minister Benjamin Netanyahu ordered the offensive despite warnings of civilian casualties. South Africa is seeking emergency orders to cease military operations, provide humanitarian access, and report progress in compliance with the UN Genocide Convention.
In blunt remarks, US VP Harris calls out Israel over "catastrophe" in Gaza
Kamala Harris demands increased aid and open border crossings to address the humanitarian crisis in Gaza. She criticizes Israeli actions, fights against restrictive voting laws, and emphasizes the fight against racial inequality and democracy. The 2024 election has implications for democracy.
Navigating the general insurance landscape: A reflective review and forward outlook
The GI industry is entirely focused on achieving the glorious mission of 'Insurance for All' by 2047, set by the insurance regulator.
Insurers may get aid to deal with nature's fury
The standing committee on finance-headed by former minister of state for finance Jayant Sinha has considered issues around reinsurance following complications in insurance claims related to the Teesta Stage III Hydropower project in Sikkim that was washed away by a glacial lake outburst. The power project, which was completely washed down by a glacial lake outburst flood, was insured for ₹ 11,400 crore by a consortium of insurers, including a public sector entity, but reinsurers capped the payout at ₹500 crore.
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Catastrophe bonds provide a financial safety net to insurers
A SBI report published in July said that India ranks third after the US and China in recording the highest number of natural disasters since 1900.
Heavy fighting spurs 'catastrophic' scene at Gaza hospital
Palestinians seeking refuge at Gaza's largest hospital and staff said they were trapped in increasingly horrific conditions Saturday, with two premature infants dying due to lack of electricity as heavy fighting raged nearby. The Israeli doctors' group added that due to an overnight power outage, the neonatal intensive care unit had stopped working and two premature infants had died, while leaving the lives of 37 other infants at risk.
Israel admits airstrike on ambulance in Gaza claiming its use by Hamas
Israel said that it had targeted the ambulance because it was being used by Hamas, according to a statement from the Israel Defense Forces (IDF).
Lewiston mass shooting claims 22 lives and injures 60; Here's what we know so far
A mass shooting incident in Lewiston has left 22 people dead and 50 to 60 people injured so far. Police sources are conducting a manhunt for the 'person of interest', who has been identified as 40-year-old Robert Card. The police have also issued a shelter-in-place directive till the shooter has been apprehended. The motive for the incident are still unknown and more details are still emerging.
UK Media report claims, 55 Chinese sailors killed after nuclear submarine accident in August
The report claims that the crew members were poisoned by the oxygen system's failure, resulting in their deaths. The incident occurred while the submarine was carrying out a mission and hit an obstacle used by the Chinese Navy to trap US and allied submarines. However, there has been no independent verification of the submarine's disappearance.
Idalia intensifies into a 'catastrophic' storm: Here is how to stay safe, prepare for hurricane season and evacuations
As hurricane season approaches, it is essential to be well-prepared for potential natural disasters. The US National Hurricane Center has reported that Tropical Storm Idalia has intensified into a hurricane and is heading towards the Gulf coast of Florida. It is crucial to make a family plan, have an emergency kit ready, familiarize yourself with evacuation plans, and protect important documents and valuables.
Massive blasts rock Romania: Deadly explosion at fuel station claims life, 47 hospitalised
Romania was shaken by a series of twin explosions that tore through a liquefied petroleum gas (LPG) station leaving 57 people injured and 1 dead.
UNICEF says a year on from Pakistan's catastrophic floods, millions of children still need support
The warning from UNICEF comes as authorities in Pakistan's eastern Punjab province are racing against time to evacuate people from areas affected by the overflowing River Sutlej. Since August 1, rescuers have evacuated over 100,000 people from marooned areas in the districts of Kasur and Bahawalpur.
Is it the end of Megxit? Former King Charles butler claims Prince Harry & Meghan Markle may, after all, return to UK
Prince Harry and Meghan Markle may plan a return to the UK eventually, according to King Charles's former butler, Grant Harrold. After the demise of his beloved grandmother, Harry would likely want to maintain an association with his family and Britain, as per Harrold.
Atlantic Ocean current may collapse, claims study. What does this mean for climate, weather in US, Europe?
Global warming, driven by human activities, is causing the accelerated melting of Greenland ice. The influx of freshwater from melting ice weakens or disrupts the normal sinking of salty water in the AMOC, potentially leading to its collapse, as per a study.
Indonesia warns nuclear weapons put Southeast Asia a 'miscalculation away' from a catastrophe
Indonesian Foreign Minister Retno Marsudi raised the alarm ahead of a two-day summit of the Association of Southeast Asian Nations starting later Tuesday in Jakarta. The agenda will spotlight Myanmar's deadly civil strife, continuing tensions in the South China Sea and efforts to fortify regional economies amid the global headwinds set off by Russia's invasion of Ukraine.
Titanic director claims OceanGate was warned about submersible’s safety concerns
Renowned Hollywood film director James Cameron, famous for his work on the blockbuster film Titanic, has expressed profound sadness and a personal connection to the recent disappearance of the Titan submersible.
Insurers asked to settle Odisha rail mishap claims 'suo motu'
The Insurance Regulatory & Development Authority of India (Irdai), has asked all insurers to immediately contact the district administration or railways authorities for the list of those who have either lost their lives or have been injured.
'Near catastrophic car chase' may be Prince Harry and Meghan's another episode in battle with the media
Prince Harry and Meghan Markle had a run-in with photographers in New York after leaving a gala event. Representatives claimed that the couple were pursued in a "near catastrophic car chase" through the streets of Manhattan.
Scientists claim Earth likely to surpass 1.5°C global warming threshold by 2027. Here’s what it means
Scientists have predicted that Earth will get warmer by the year 2027 compared to the 19th century and this may change the weather conditions of the world.
Ukrainian Army provoking catastrophe around Zaporozhye NPP, alleges Russian MoD
Zaporozhye is the largest nuclear power plant in Europe and among the 10 largest in the world. Russia launched its ‘special military operation’ in Ukraine on February 24. Ukraine accuses Russia of storing heavy weapons in the plant. Moscow denies the allegation.
New tech opens umbrella over flood-affected vehicles
The technology tools being employed by insurers range from catastrophe modelling through artificial intelligence (AI)-driven software to data mining and automation for claims processing.
Taliban claim they were unaware of al-Qaeda leader in Afghanistan
The killing of Ayman al-Zawahiri on the balcony of a Kabul safehouse Sunday has further strained relations between the Taliban and the West, particularly as it seeks an urgent infusion of cash to handle an economic catastrophe there following the US withdrawal from the country a year ago.
UN chief warns of 'catastrophe' from global food shortage
U.N. Secretary-General Antonio Guterres said the war in Ukraine has added to the disruptions caused by climate change, the coronavirus pandemic and inequality to produce an "unprecedented global hunger crisis" already affecting hundreds of millions of people.
Russia's claim of Mariupol's capture fuels concern for POWs
Poland, which has welcomed millions of Ukrainian refugees since the start of the war, is a strong supporter of Ukraine's desire to join the European Union. With Russia blocking Ukraine's sea ports, Poland has become a major gateway for Western humanitarian aid and weapons going into Ukraine and has been helping Ukraine get its grain and other agricultural products to world markets.
Ukrainian fighters hold on as Putin claims victory in Mariupol
In a televised meeting at the Kremlin, Putin congratulated his defence minister and Russian troops for the "combat effort to liberate Mariupol" and said it was unnecessary to storm the industrial zone containing the Azovstal steel plant. "There's no need to climb into these catacombs and crawl underground through these industrial facilities ... Block off this industrial area so that not even a fly can get through," Putin said.
'A catastrophic moment.' Priyanka Chopra reacts to Ukraine crisis, urges fans to help kids of war-torn nation
The actress also shared videos of displaced kids.
Non-intervention by court to reduce queues at liquor shops, would have been catastrophic: Kerala High Court
The judge also said that there were still queues outside BEVCO outlets, despite directions of the excise department and the high court to prevent the same. The court further said that BEVCO appeared to be sitting in judgment over directions of the excise department to relocate 96 outlets which were found to be lacking in essential infrastructure to cater to customers and prevent long queues
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