New India Assurance has appointed Mary Abraham as its chief risk...
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SC orders TN police to form SIT for probing criminal lapses by National Insurance in a motor accident fraud claim case
The SC Bench comprising Justices Ahsanuddin Amanullah and R....
Apr1 Renewals:India’s loss-free excess of loss business saw price reductions exceeding 20%, says Guy Carpenter
Atish Suri, CEO India, Middle East & Africa, stated,"In the...
Re/insurers keep a close watch on elevated Indian risks
Industry sources have said risk perception of Indian market has remained at an elevated level as the government has pronounced any act of terror from Pakistan soil will be considered as an act of war which will impact how terror covers and claims are dealt with in...
Thane Lok Adalat awards Rs 2.2 cr compensation to kin of man killed in accident
As per the case details, Pradip Nagtilak (44) was riding pillion on his friend's motorcycle in Dombivli when it skidded, and both men sustained injuries and were rushed to a hospital, where he died within hours. This is one of the highest settlements in the district...
Trade War: Container liners sever US-China shipping routes across the Pacific
As a result, fees are plunging. The cost of shipping a 40-foot box from Shanghai to Los Angeles — port nodes on either side of the Pacific — hit the lowest since 2023 in late March, according to the data from Drewry Shipping Consultants, a maritime advisory firm. A...
Emirate royal family’s International Holding Co and Black Rock Inc float a $ 1 billion reinsurance co
The new firm will make use of AI as a core part of the strategy, enhancing underwriting capabilities by improving the quality and speed of risk assessments. International Holding Co., Abu Dhabi’s largest listed company that’s overseen by a key member of the emirate’s...
IPL suspended indefinitely as India-Pak clashes soar
"It does not look nice that cricket goes on while the country is at war," a BCCI official told PTI, confirming the suspension of the league, which was to wind up on May 25 in Kolkata Mumbai: The Indian Premier League (IPL) was on Friday suspended indefinitely due to...
Re/insurers invoke force majeure, not to pay travel claims triggered by airport shutdown and flight cancellation
``Most of our travel policies have an exclusion that doesn’t cover situations arising due to acts of any public authority like governments forcing airports to shut down,’’ said a senior official of New India Assurance Mumbai: With major escalation of Indo-Pak tension...
AAIB to probe helicopter crash in Uttarakhand
Five people were killed and two others injured in the helicopter crash that happened near Gangnani in Uttarkashi district.Seven people, including the pilot, were on board the helicopter of Ahmedabad-based private company AeroTrans Services Pvt Ltd, one of the...
Patrick Tiernan appointed as Lloyd’s CEO
Patrick Tiernan, CEO-designate, Lloyd's “My primary focus will be supporting the commercial success of our market participants while keeping an iron grip on underwriting discipline and safeguarding the financial strength of the Corporation. We will work at pace to...
GI Council set to launch Motor Insurance reforms
Though the details of the Motor Insurance agenda is yet to be known, sources said like common empanelment of hospitals and standard rates in the Health Insurance, there will be nationwide common empanelment of garages with standard rates. Mumbai:After undertaking the...
Insurers remain high alert over Indian missile attacks on Pak terror targets
Indian airlines have informed the insurers including New India Assurance, Tata AIG General Insurance, ICICI Lombard General Insurance that they are going by the advise of the Indian government and no aircrafts have been parked in any of the airports around Indo-Pak...