by AIP Online Bureau | Feb 27, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
Under current rules, foreign investment is not allowed in the LIC, governed by the special parliament act, while 74% foreign direct investment is allowed in other private insurance companies NEW DELHI: India’s cabinet approved on Saturday a policy amendment...
by AIP Online Bureau | Feb 26, 2022 | International News, Non-Life, Reinsurance
New rules will require insurance companies to factor property owners’ improvements into the pricing of residential and commercial coverage SACRAMENTO, Calif: California’s insurance commissioner announced new rules on Friday aimed at lowering premiums for people who...
by AIP Online Bureau | Feb 26, 2022 | International News, Non-Life, Reinsurance, Risk Management
“Further sanctions may impact the ability of international insurers and reinsurers to underwrite Russian risks or make it more difficult for them to service claims on existing policies,” said Anna Sheremeteva, financial analyst, AM Best LONDON: International rating...
by AIP Online Bureau | Feb 25, 2022 | Indian News, Non-Life, Reinsurance, Risk Management
Tata had begun preliminary discussions with the planemakers and lessors for jets including Airbus A350-900s and Boeing 787-9 Dreamliners, citing people familiar with the matter New Delhi: Planemakers Boeing Co and Airbus SE have met executives from India’s Tata...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Ship insurers have quoted the additional premium rate for seven days at anywhere between 1% to 2% and up to 5% of insurance costs, from an estimated 0.025% on Monday before Russia’s invasion began, according to indicative rates from marine insurance sources This...
