RBI Monetary Policy: Repo rate up by 50bps; here’s how it will impact you

On Friday, the Reserve Bank of India (RBI) raised the repo rate (repurchase rate) for the fourth time in a row. The RBI’s Monetary Policy Committee (MPC) decided to raise the policy rate by 50 basis points (1 basis point= 1/100th of a per cent). Repo rate refers to the interest rate at which … Read more

Massive currency market intervention may not impact monetary policy independence: Report

Massive interventions by the Reserve Bank of India (RBI) to contain the value of the rupee may not impact the independence of monetary policy, though it can have an impact on the money supply in the system, a study by the central bank said. Forex market interventions during surges in capital flows to contain the … Read more

Significant Ruling in PFAS Litigation Could Impact Insurance Coverage

Per- and poly-fluoroalkyl substances, commonly known as PFAS, have served as a key component in numerous industrial and consumer products for decades. These “forever chemicals,” which have been associated with environmental contamination and adverse health outcomes, have garnered steadily-growing attention from regulatory authorities, the plaintiffs’ bar, and, by extension, the insurance industry. The current “case … Read more

White House hosts local officials, touts impact of policies

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Josh Boak FILE – President Joe Biden smiles in the Oval Office of the White House, Sept. 16, 2022, in Washington. The White House is reaching out to local governments. It’s hosting officials from North Carolina on Thursday to highlight funding opportunities and … Read more

InsureTech Connect focuses on tech impact, industry change

LAS VEGAS – Growth and change were key topics of discussion Tuesday morning at the InsureTech Connect Conference, as speakers mused about the ways technology has influenced the commercial insurance sector. “We’ve come a long way since 2016,” said Bill Harris, vice president and chief revenue officer of InsureTech Connect for Clarion Events in Columbia, … Read more

Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P

Over 90% of the world’s largest companies will have at least one asset highly exposed to the physical impacts of climate change by the 2050s, data and analysis from index and ratings provider S&P Global showed on Thursday. From heatwaves to floods, extreme weather events are increasingly causing upheaval across the globe, pushing companies and … Read more

Comp impact of AMA updates on mental injuries ‘uncertain’: NCCI

Several changes made in 2021 to the American Medical Association’s guide on disability ratings, which affect workers compensation claims, will have an “uncertain” effect on the diagnosis and disability determination for mental injury claims, according to an analysis released Monday by the National Council on Compensation Insurance. The Boca Raton, Florida-based ratings agency examined the … Read more

Agents bracing for negative impact of cost of living crisis: Goodlord

Agents are bracing for the negative impact of the cost of living crisis, according to the latest Goodlord & Vouch State of the Industry survey. The survey of more than 600 lettings professionals found that more than half of respondents believe the cost of living crisis will have a negative impact on every group in … Read more

ESG impact on M&A insurance coverage limited

Environmental, social and governance factors are playing a growing role in mergers and acquisitions activity, but so far this is having a limited impact on the insurance coverage that underpins deals. Recent research suggests that ESG is having a growing impact on M&A activity and corporate strategy. Some 42% of experts said ESG plays an … Read more

How Does Inflation Impact Small Business Administration (SBA) Loans?

In this article: The past year has brought on a unique set of challenges for small business owners as the world reacts to the tragedy in Ukraine and works to find a new normal as the crisis of the pandemic lessons. As entrepreneurs navigate unchartered waters, the effects of inflation remain a major concern for … Read more