Day: January 13, 2025

The Maha Kumbh Mela, the world’s largest religious gathering, has commenced in Prayagraj, Uttar Pradesh, drawing millions of devotees from around the globe. This grand spiritual event is not only a celebration of faith and culture but also a testament to India’s timeless heritage. To enhance the experience for the pilgrims and ensure seamless management, the Uttar Pradesh government has introduced a unique initiative: installing over 50,000 QR codes across the Mela area. This technological intervention aims to assist pilgrims in navigating the massive venue while also addressing their concerns…

Insurers heavily exposed to California’s  market endured sharp losses as the devastating Los Angeles wildfires intensified. Allstate shares plunged by 6%, while Chubb and Travelers dropped over 3%, marking them as some of the worst performers in the S&P 500 on Friday. Smaller dips of over 1% were also reported by AIG and Progressive, reflecting the broad impact of the fires on the insurance sector. According to JPMorgan, Allstate, Chubb, and Travelers are the insurers most at risk from wildfire-related claims, with Chubb facing heightened exposure due to its focus…