Non Life-News

New Zika virus cases detected in Rajasthan's Jaipur, count in state hits 55

Indian News       Oct 13, 2018

  New Delhi: More cases of Zika virus were detected in Jaipur on Saturday, taking the total number of infected people to 55, a Rajasthan health department official said.The figure was issued by the department after a review meeting chaired by the additional chief secretary (medical...

IRDAI forms panel to examine if insurers can pay  PA claims & Benefit Based Health Policies in installments

Indian News       Oct 12, 2018

  Hyderabad: The insurance regulator. IRDAI  has formed  a committee under Suresh Mathur , executive director, IRDAI , to examine whether insurers can pay  claims in installments in respect of Personal Accident Policies and Benefit Based Health Policies as against lump sum payments.   According to IRDAI,some...

Hackers stole details of 29 million users in Facebook breach

International News       Oct 12, 2018

The breach, Facebook’s worst ever, has exacerbated concerns among users, lawmakers and investors that the company is not doing enough to safeguard data, particularly in the wake of the Cambridge Analytica data scandal.   Still, hackers neither accessed personal messages nor financial data and did not...

Indian Employers Pressured to Take More Seriously Surge in #MeToo Allegations

Indian News       Oct 12, 2018

Pressure is building on major Indian employers to take allegations of sexual harassment more seriously after a surge in the number of complaints against prominent public figures in the past week.   At least one major Indian newspaper, some politicians and women’s groups have said that...

Air India pilots, clueless of damage, fly plane, land after airport alerts

Indian News       Oct 12, 2018

  Trichy:  Passengers and crew on board an Air India Express flight from Tiruchirappalli in Tamil Nadu to Dubai escaped a disaster early on Friday when the aircraft's wheels hit the airport's outer wall while taking off.   Although parts of the Boeing B737-800's undercarriage were damaged,...

Alice Vaidyan, CMD, GIC Re and Prabodh Thakker, chairman, Global Insurance Brokers at ``Aviation insurance symposium 2018’’ on Friday

Drones pose new challenges for re/insures, GIC Re Chief

Indian News       Oct 12, 2018

Mumbai: As the use of drones are picking up among the various industries, they pose new challenges for the re/insurance industry in terms of  assessment of  their risks and developing relevant covers for them.   While the insurance industry is fairly mature in terms of its...

Cyclone Titli updates: Toll rises to 8 in Odisha, Andhra, 300,000 evacuated

Indian News       Oct 11, 2018

  AMARAVATI: Cyclonic storm 'Titli' on Thursday wreaked havoc in the states of Odisha and Andhra Pradesh killing eight people. Around 300,000 people were evacuated in Odisha and eight districts - Ganjam, Khurdha, Puri, Jagatsinghpur, Gajapati Kendrapara, Bhadrak and Balasore - were hit by the very...

Jaideep Davare, Managing Director, Mahindra Insurance Brokers Ltd

``We have been able to reach insurance solutions to customers in over 2,00,000 villages in India''

Interviews       Oct 11, 2018

   How do you expect the developments in the India re/insurance market in next five years? New business premium underwritten in the Life Insurance market in FY 2017-2018 was Rs 1,93,900 Crore (USD 29 billion) with a compounded average growth rate (CAGR) of 23 per cent...

Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms

International News       Oct 11, 2018

Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach for China’s top digital payments providers.   Alipay, whose parent also operates...

Nine dead, 14 hurt in blast at SAIL’s Bhilai plant

Indian News       Oct 09, 2018

  Raipur: Nine employees were killed and 14 others injured Tuesday in a blast at the Bhilai steel plant of state-owned SAIL in Chhattisgarh’s Durg district, police said.   The fire took place around 10.30am in a gas pipe line of Coke Oven Battery Complex No 11...