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Maha: Court awards Rs 1.19 cr compensation to family of man killed in road accident

by AIP Online Bureau | May 3, 2023 | Indian News, Non-Life

MACT member M M Walimohammed, in the order passed on April 25, directed Gulnar Plastics Pvt Ltd at Silvassa, the owner of the offending vehicle, and its insurer Tata AIG General Insurance Company Ltd, to jointly and severally make the payment of Rs 1,19,64,400 to the...
General insurers can now issue 30-yr fire policies

General insurers can now issue 30-yr fire policies

by AIP Online Bureau | May 3, 2023 | Indian News, Non-Life, Reinsurance

Hyderabad: The general insurers will now be allowed launch 30 -year fire insurance policies. Taking in to consideration the need for long-term coverages in fire Insurance products, , it is proposed to permit general insurers offer “long-term products” covering Fire...

Burning oil tanker off Malaysia raises safety concern about shadow fleet

by AIP Online Bureau | May 3, 2023 | International News, Non-Life, Reinsurance, Risk Management

A vast shadow fleet of aging tankers has been enlisted to carry sanctioned oil across the globe, raising questions about safety and insurance standards Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a...

by AIP Online Bureau | May 3, 2023 | Workplace/Employee Benefits

Credit Suisse AT1 bondholders who lost $1.7 billion in UBS Deal file lawsuits

by AIP Online Bureau | May 3, 2023 | International News, Non-Life, Workplace/Employee Benefits

The latest claims mean that investors representing more than a third of the $17 billion in AT1 bonds issued by Credit Suisse have now sought to get their money back. US law firm Quinn Emmanuel last month filed a claim in Swiss court representing more than 400...
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