“The authorization to operate in India means we’ll be even closer...
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InsuranceDekho weighs an IPO for raising as much as $250 million
The IPO is likely to include a mix of new share issuance and...
China charges former AstraZeneca regional head with “unlawful collection of personal information and medical insurance fraud”
a former executive vice president and a former senior employee of...
Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash floods that hit the Valencia region on Oct. 29 will have limited effects on private insurers and reinsurers. Around 4,500 businesses in the Valencia area have been directly affected, half of which face...
Indian stock market remains on consolidation path, DIIs absorb heavy selling
DIIs have been a strong buyer absorbing the selling and mitigating the fall. They infused more than Rs 1 lakh crore in Indian equities in October, keeping the stock market healthy compared to its global peers. After the massive FII selling of Rs 113,858 crore in...
How air pollution is contributing to cancers in India
“Cancer rates are rising in India and have seen an upward trend in annual incidence rate. Currently, India records more than 14 lakh new cancer patients every year, and close to 9 lakh people die of it annually,” Dr. Abhishek Shankar, Assistant Professor, Department...
Successful completion of pilot run of new Centralized Pension Payments System under EPS Scheme
Mansukh Mandaviya, Minister of Labour & Employment In CPPS, there will be no need for pensioners to visit the bank for any verification at the time of commencement of pension and the pension shall be immediately credited upon release, a labour ministry statement...
Irdai chief pitches for 100 pc FDI in insurance sector
"And if the FDI route is also opened that will only augment the domestic investment as well, otherwise, domestic investment may get crowded out. … perhaps its time to open up for 100 per cent FDI so more players who want to come and operate on their own terms without...
Innovative Climate risk insurance: PCRIC and WTW renew covers for 6 Pacific island nations
For 2024 and 2025, PCRIC now provides insurance for tropical cyclones, heavy rain, earthquake, and tsunami risk to six Pacific governments: the Cook Islands, Fiji, Niue, Tonga, Samoa, and Vanuatu, as well as the state-owned telecommunications company PNG DataCo in...
Spain approves €10.6 billion relief package for flood victims
The package includes direct aid for households, self-employed workers and firms; state-backed credit guarantees for companies and residents; and funds for city governments to pay for repairs and reconstruction. Spanish Prime Minister Pedro Sanchez announced the first...
HC allows disability pension to diabetic former army man
According to the case details, the former soldier was enrolled in the Army on January 20, 2003, and was discharged from service on October 31, 2019, “at his own request on compassionate ground before completion of terms of engagement” in the medical category “due to...
Deadly Spain floods show difficulty of adapting to intense rains
An extremely hot Mediterranean and warmer air temperatures exacerbated a type of storm system that is becoming more common in the Iberian peninsula due to global warming Floods that killed more than 200 people in eastern Spain this week were caused by a storm that...
Companies are dropping the D or E from DEI to avoid legal risks
Companies such as Toyota Motor Corp. and Ford Motor Co. have modified DEI initiatives after being attacked. After a backlash against DEI programs by conservative activists, a majority of executives in a new survey said that their companies have changed how the...