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6 general insurers hit with over Rs 2k crore losses as fire destroys Nashik manufacturing plant of Jindal Poly Films

6 general insurers hit with over Rs 2k crore losses as fire destroys Nashik manufacturing plant of Jindal Poly Films

by AIP Online Bureau | May 25, 2025 | Indian News, Non-Life, Reinsurance

The insurers, who have provided the cover for the plant are- National Insurance Company(38 per cent), Reliance General Insurance(23 per cent), Oriental Insurance Company (12 per cent), Iffco Tokio General Insurance(12 per cent), United India Insurance(10 per cent) and...
Government to unveil Bharat Forecasting System on Monday

Government to unveil Bharat Forecasting System on Monday

by AIP Online Bureau | May 25, 2025 | Eco/Invest/Demography, Indian News, Technology

“We will now be able to issue more localised and accurate weather forecasts,” said M Ravichandran, Secretary, Ministry of Earth Sciences, New Delhi: The government will on Monday unveil a new ‘Bharat Forecasting System’ that will enable the...
Reliance General Insurance posts 12.5 rise in net profit to Rs 315 cr in FY25

Reliance General Insurance posts 12.5 rise in net profit to Rs 315 cr in FY25

by AIP Online Bureau | May 25, 2025 | Indian News, Non-Life

Hinduja owned IIHL, which acquired Reliance Capital through the insolvency process in March this year, infused Rs 100 crore in May 2025 in the general insurance company reinforcing its financial strength and growth momentum New Delhi: Reliance General Insurance, an...

Trade disruption and economic shocks push up political risk cover by 30% globally, says Howden report

by AIP Online Bureau | May 25, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Matthew Strong, Deputy CEO, Howden CAP and Head of Credit and Political Risk, commented: “ With demand for CPRI protection rising, now is the time for the market to step up even further. This will enhance global economic growth by increasing commitments and...

Cloudburst in Himachal’s Rampur triggers flash floods, washes away 5-6 vehicles

by AIP Online Bureau | May 25, 2025 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

Anni MLA Lokender Kumar said, “Due to heavy rain here along with hailstorm, a cloud burst took place last evening. 5-6 cars have been swept away, and around 24-25 cars are damaged. People are facing a lot of difficulties here. I would request the PWD and revenue...
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