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West Asia Conflict:Govt plans sovereign guarantees to support insurers covering vessels traveling in Persian Gulf
Maritime war risk insurance premiums have surged as much as 1,000%...
IRDAI approves transmission of late Jhunjhunwala’s stake in Star Health
Star Health has received approval from Insurance Regulatory and...
Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the APAC region, the protection gap was much higher with 95 percent of the losses not covered. Increases in population density in coastal areas, wealth and overall exposure to natural hazards in high-risk...
Google facing at least €12 Billion in civil claims across Europe
The civil suits are linked to a 2017 decision by the European Commission to fine Google €2.4 billion for illegally leveraging its search dominance to give its own shopping service an edge Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage...
India approves 3 more Russian insurers to provide marine cover
With the granting of the permits to Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance Company, India now recognizes eight Russian entities that are eligible to provide protection and indemnity (P&I) coverage for ships. New Delhi: India has approved...
Indian stock markets ends lower on Tuesday as investors book profits
The foreign institutional investors have sold Rs 477 crore worst of Indian shares while domestic players have bought shares amounting to Rs 4,777 crore on Tuesday. “Geopolitical tensions remained in focus as market participants monitored the fragile ceasefire between...
Need to further strengthen financial inclusion initiatives: FM Sitharaman
Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has enrolled 23.36 crore individuals. During the decade, the scheme processed 9,37,524 claims, of which 9,05,139 claims were successfully disbursed, releasing a total sum of Rs 18,102.78 crore. New Delhi:...
India records 5.4 mn displacements due to disasters in 2024, highest in 12 years: Report
According to the report, Assam saw 2.5 million internal displacements in 2024 due to the most intense floods in more than a decade that struck the state. Storms, including major cyclones, triggered 1.6 million displacements in the country. More than a million...
UnitedHealth CEO steps down; suspends 2025 outlook on higher medical costs
Andrew Witty, CEO ,UnitedHealth UnitedHealthcare is the US' largest provider of Medicare Advantage plans, with more than 8 million customers. Those are privately run versions of the federal government coverage programme mostly for people ages 65 and older....
Exploring key trends in Indian used car valuation
The Indian used car sector demonstrates constant evolution under the influence of three key factors: economic conditions, fuel costs, and consumer taste patterns. Valuing a used car in India requires more than a single universal procedure. Different market...
Pakistan-allied hackers launched 15 lakh cyber attacks on Indian websites; only 150 successful
In a report titled "Road of Sindoor", prepared under the military operation launched by the Indian armed forces under the same name against terrorists, the state's nodal cyber agency has detailed the cyber warfare launched by Pakistan-allied hacking groups. According...
Implement cashless scheme for road accident victims in true letter and spirit: SC to Centre
A bench of Justices Abhay S Oka and Ujjal Bhuyan directed the Centre to file an affidavit by end of August 2025 setting out the implementation of the scheme giving details such as the number of beneficiaries who received cashless treatment under the scheme New...