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Why cybersecurity matters for construction

Skip to main content An article from Opinion As the building industry digitizes, cyber hygiene, training and insurance are critical, a construction attorney writes. Hailshadow via Getty Images This audio is auto-generated. Please let us know if you have feedback. Jason Kosek is a shareholder with New York City-based law firm Anderson Kill. He assists

Air India crash seen triggering $475 million in insurance claims

India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million. “This aviation insurance claim could be one of the biggest in India’s history,” said Ramaswamy Narayanan, chairman and managing director at General Insurance

Binance SAFU in Crypto Explained: Meaning, Origin, and How It Works

Binance SAFU (Secure Asset Fund for Users) is an emergency insurance fund established by Binance in July 2018. The fund was created as a means to reimburse victims of security breaches in the event of unforeseen incidents, such as hacks, security glitches, or system failures. The benefits of Binance SAFU are increased security, peace of

Dedicated industrial enclaves for Italian cos likely in Dighi, Chhatrapati Sambhaji Nagar in Maharashtra

Home Business News Dedicated industrial enclaves for Italian cos likely in Dighi, Chhatrapati Sambhaji Nagar in Maharashtra Terming the plan as an effort to create a “home away from home” for Italian companies, India’s Commerce and Industry Minister Piyush Goyal said that the enclaves will be replete with Italian businesses, schools, colleges along with hospitals

Guaranteed cost vs. loss-sensitive plans: How the experience modifier impacts construction insurance cost

On a construction project, insurance costs, especially workers’ compensation, have a significant impact on the contractor’s profitability and its ability to price bids competitively. One of the most powerful drivers of those costs is the Experience Modifier, or Ex Mod for short (or EMR-Experience Modification Rating). Contractors need to understand how the Ex Mod functions

US: Initial Jobless Claims increased to 240K last week

Initial Jobless Claims rose to 240K vs. the previous week. Continuing Jobless Claims went up to 1.919M. US citizens filing new applications for unemployment insurance climbed to 240K for the week ending May 24, as reported by the US Department of Labor (DOL) on Thursday. This print came in above initial estimates and the previous

From Steam Engines to Ethereum Staking: How Insurance Enables Innovation

Insuring validator yields opens doors to financial products once deemed too risky, writes CoinFund’s Christopher Perkins and market infrastructure expert Finbarr Hutcheson. May 28, 2025, 4:46 p.m. The crypto industry is on the precipice of mainstream adoption. But, like many exciting innovations from previous eras, this technology brings new risks. And these new risks must be

Readie Construction parent firm enters liquidation

Readie Construction parent firm enters liquidation

Liquidators have been appointed for Readie Management Limited (RML), the parent company of collapsed contractor Readie Construction. Jacob Beake and Gavin Savage of Begbies Traynor were named in a document filed on the Companies House website yesterday (15 May). Travelers Insurance Company had filed a winding-up petition in the High Court against RML, and in

Twin peaks: Will new safety laws spark insurer backlash?

Twin peaks: Will new safety laws spark insurer backlash?

Professional indemnity insurance premiums have only just started falling after their post-Grenfell peak. But some fear new building safety laws could spark another insurer backlash In the years after June 2017’s Grenfell Tower fire, many contractors found professional indemnity (PI) insurance difficult to obtain, or watched their premiums soar in price. Having the cover, which

IAG Elliott Wave technical forecast [Video]

IAG Elliott Wave technical forecast [Video]

IAG Elliott Wave technical analysis Today’s Elliott Wave update covers the Australian Stock Exchange (ASX) and INSURANCE AUSTRALIA GROUP LIMITED – IAG. Our analysis indicates that ASX:IAG is finalizing a B-grey wave and is setting up for another decline. At this stage, there are no clear signs of a bullish trend developing, making it risky

Rockets vs. Hawks: How to watch online, live stream info, game time, TV channel | January 28

Rockets vs. Hawks: How to watch online, live stream info, game time, TV channel | January 28

The Atlanta Hawks (22-24) head into a home matchup with Fred VanVleet and the Houston Rockets (31-14) at State Farm Arena on Tuesday, starting at 7:30 PM ET. The Rockets are coming off of a 114-112 win over the Celtics in their last outing on Monday. The Hawks are coming off of a 100-92 loss…

Ice Chunk Falls From a Plane and Impales Couple’s Bedroom Roof While They’re Sleeping: Does Insurance Cover It?

Ice Chunk Falls From a Plane and Impales Couple’s Bedroom Roof While They’re Sleeping: Does Insurance Cover It?

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Government appoints Dr Parshant Kumar Goyal as nominee director on LIC board

Government appoints Dr Parshant Kumar Goyal as nominee director on LIC board

Shares of Life Insurance Corporation of India ended at ₹803.55, down by ₹6.20, or 0.78%, on the BSE. State-owned Life Insurance Corporation of India (LIC) on Thursday (April 18) said the central government has appointed Dr Parshant Kumar Goyal, Joint Secretary at the Department of Financial Services, as the Government Nominee Director on the board

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