The tax holiday period on business income earned by a unit in...
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Southern Africa floods killing 300 fueled by global warming
An estimated 300 people have died in extreme flooding across parts...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including...
National Insurance is working towards achieving growth with profitability, says CMD
M Rajeshwari Singh, CMD, National Insurance Company ``There should be greater emphasis on retail sector business which has inherently been the strength of the company historically. Corporate relationships would be nurtured for business growth in all the sectors as...
Marriage integral to person’s natural life SC enhances award to woman with intellectual disability
The apex court enhanced the compensation amount under the heads of loss of income or earning capacity, pain and suffering, loss of marriage prospects, attendant charges and future medical treatment. The bench, enhanced the compensation to Rs 50.87 lakh and directed...
Lloyd’s human pandemic scenario reveals potential global economic loss of $13.6trn
From an economic perspective, the widespread impacts would be primarily driven by disruption across global industries due to local lockdowns and global travel restrictions. With the transportation sector worth over 10% of global GDP, sustained international travel...
Cat bonds see rapid influx of investors
Plenum estimates that the volume of catastrophe bonds in funds marketed under Europe’s UCITs label has risen roughly 49% since the end of 2022 to $13 billion at the end of September. That’s as overall issuance for 2024 looks set to hit a record $16.5 billion,...
Star Health takes steps after data breach: MD
"In a world, where there is so much inter-connectivity, when you have so many connections with different stakeholders, agents, hospitals, insurance companies, you have to be on your guard. We found that if any vulnerability is there, these hackers are able to identify...
Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business
Gallagher follows in the footsteps of rivals Aon and Marsh McLennan, which have also struck $13 billion and $7.75 billion, deals, respectively, over the last 12 months to expand into the vast and fast-growing middle-market insurance business Arthur J Gallagher said on...
No Insurance Amendment Bill proposing 100% FDI in winter session
Given the paucity of time, it is difficult to present the Bill in the ongoing session, sources said, adding it may, however, come in the Budget session. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10 New...
112 died in 3 years after free treatment at pvt hospital under lens for botched angioplasty
The investigations have showed the hospital organised free check-up camps in villages to convince PMJAY cardholders to undergo angioplasty despite no medical necessity for the procedure. People were falsely registered under “emergency” category to expedite government...
UnitedHealthcare CEO’s shooting opens door for many to vent frustrations over insurance
In particular, the words written on ammunition found at the shooting scene — "delay," "deny" and "depose," echoing a phrase used to describe how insurers dodge claim payouts — amplified voices that have long been critical of the industry New York: For years, patients...
Globally, Natcats result in $133bn economic and $ 51bn of insured losses: Munich Re
The costliest typhoon in Asia – and the third-costliest cyclone of the season worldwide – was Typhoon Yagi. It struck the Philippines, the Chinese island of Hainan, and the southern tip of the Chinese province of Guangdong as an extreme storm before making landfall in...