The geopolitical developments have introduced a complex and...
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Jio Fin Services expects to begin life, general insurance biz in 2026
``We hope to start insurance manufacturing in 2026, subject to...
Advertisements on alcohol, tobacco, and accident insurance banned on trains and stations:Ashwini Vaishnaw
In case of any violation, an immediate corrective action will be...
Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the wildfire could be around $10 billion, "We expect a majority of the losses to be related to homeowners' coverage and a significantly lesser amount to commercial," it said U.S. private forecaster AccuWeather...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and 97% of insured losses. Around 11,000 people lost their lives as a result of natural disasters in 2024 – significantly fewer than the average. Non-peak perils are increasingly fuelling the trend of...
DPDP Act 2023: Insuring fines and penalties
While clarity on insurability of DPDP Act fines from an enforcement standpoint remains to be witnessed, insurance providers can play a vital role in managing risks and supporting businesses in their efforts to comply with data protection regulations The recently...
Sebi issues new guidelines for research analysts, investment advisers
The new norms encompass qualification standards, fee structures, deposit requirements, and client segregation protocols. Mumbai: Markets regulator Sebi on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers...
Lloyd’s CEO John Neal to join Aon as global Reinsurance CEO and chairman of climate solutions
John Neal Neal, after six years in Lloyd's as a CEO, will play an important role in delivering Reinsurance solutions to meet the evolving demands of today's dynamic marketplace. He will be based in London, reporting to Andy Marcell, CEO of Risk Capital for Aon, and...
Wildfires rage in Los Angeles, forcing tens of thousands to flee
Numerous buildings were destroyed and nearly 3,000 acres (1,200 hectares) burned in the Pacific Palisades area between the beach towns of Santa Monica and Malibu, officials said. The area is home to many film and music stars. LOS ANGELES: More than 30,000 people...
Modi Govt looks to new economic playbook as risks mount
Prime Minister Narendra Modi Some of the measures proposed in those talks to boost growth include putting more money into the hands of consumers and cutting taxes and tariffs, according to demands by trade and industry associations New Delhi: After world-beating...
Govt plans to simplify its income tax filing rules in new Budget
The possible changes involve simplifying the language and rationalizing information by using formulas and tables, and won’t include any adjustments to tax rates and policy, the people said New Delhi: India’s government plans to simplify its income tax filing rules to...
Explainer: Draft DPDP Rules 2025 aim to protect citizens’ data
The Act provides consent-based personal data processing by digital platforms. This means digital platforms will have to inform and get consent from people in English or any of the 22 Indian languages listed in the Constitution, in the language of their choice. Digital...
Data protection rules may be refined further to protect children: Vaishnaw
"We will refine it (DPDP Rules) further to take the power of technology to children while saving them from many harm," Vaishnaw said. New Delhi: The Digital Personal Data Protection Rules will be refined further to connect children with technology while saving them...