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Berkshire Hathaway to invest $1.8 Billion in Tokio Marine
The latest deal shows Berkshire is eager to win a slice of Japan’s...
Trump puts off threat for 5 days to bomb Iran power grid,Oil drops, Stocks recover
U.S. President Donald Trump On Saturday, Trump had warned that...
French households, businesses face soaring costs for insurance due to climate change: Govt
The cost of climate disasters may double in the 30 years through 2050, reaching a cumulative €143 billion ($155 billion), the French government said in an adaptation plan. At a briefing in Paris, Ecology Minister Agnes Pannier-Runacher said climate change is a...
North Sea collision: 32 casualties brought ashore after ships collide catch fire in North Sea off eastern England
The tanker, believed to be the U.S.-flagged chemical and oil products carrier MV Stena Immaculate, was at anchor at the time after sailing from Greece, according to ship-tracking site VesselFinder. The cargo vessel, Portugal-flagged container ship Solong, was sailing...
Over 4.3 lakh crop insurance applications rejected in Maharashtra due to discrepancies: Minister
As many as 4,30,443 crop insurance applications under the PMFBY were rejected during the Kharif 2024 season. In comparison, 2,85,468 applications were rejected during the Kharif 2023 season, the minister stated.. Since the scheme's inception in Kharif 2016,...
IRDAI board to meet on Wednesday
Among other issues, the meeting, the last one under chairmanship of Debasish Panda, may consider granting approvals –R2-to the first private sector reinsurance company, Value Attics Reinsurance Limited, set up by Canadian billionaire Prem Watsa’s Fairfax group...
NIA unveils exclusive cover for women entrepreneurs
Girija Subramanian, CMD, New India Assurance ``Lack of awareness regarding insurance and availability of customised products for women in this space can be taken care of by engaging women in marketing and distribution of products customised to meet the needs of these...
GST rates will come down further: Sitharaman
Nirmala Sitharaman, Union Finance Minister Responding to a question ’ on whether it is time to rationalise GST rates and slabs, Sitharaman said ”that work has almost reached a finale”. Mumbai: In an Indication that the GST rates on Health Insurance and Term Life...
Automobile retail sales drop 7 pc in Feb amid slowing demand FADA
Two-wheeler sales witnessed a drop of 6 per cent year-on-year in February at 13,53,280 units as compared to 14,44,674 units sold in February last year. Dealers attributed this to inventory imbalances, aggressive pricing adjustments, weak consumer sentiment, lower...
Miller establishes new M&A and Strategic Solutions Team
The team will sit within Miller’s Professional & Financial Risks business and will be based in London advising its client base of private equity, hedge and sovereign wealth funds, corporates, law firms and corporate financiers on domestic and cross-border risks...
Govt wants insurance payouts to replace its compensation in managing natural disasters: DFS Secy
L to-R-Hitesh Kotak, Chief Executive, Japan, India, Korea, and South-East Asia at Munich Re,Krishna S Vatsa, Member, NDMA,Safi Ahsan Rizvi, Advisor (Mitigation), NDMA, M Nagaraju, Secretary, Department of Finance (DFS), Mandakini Balodhi, Director(Insurance),...
Draft Insurance Laws Amendment Bill in advanced stages, to be tabled in Parliament shortly: Minister Pankaj Chaudhary
Pankaj Chaudhary,Minister of State for Finance M Nagaraju, Scretary, DFS, mentioned that to ensure greater consistency, consumer protection, transparency, and grievance redressal, the department is proposing setting up a unified forum where regulators and authorities...