"The Ministry stated that, since the beginning of the attack, 137...
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Middle East Crisis: 444 flights expected to be cancelled on March 1, Flight disruptions hit passengers across India
“Passenger assistance, airline coordination, and terminal crowd...
West Asia Crisis:Oil, gas tankers avoid Strait of Hormuz as tensions intensify
Tracking data shows some tankers turning around, and at least one...
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...
Economic threats continue to overshadow climate and cyber risks
Extreme weather events featured in the G20’s top five risks, as the fifth biggest risk. This follows a year in which many G20 countries – including Brazil, Germany, Indonesia and the U.S. – experienced severe flooding, above-average rainfall, wildfires, extreme heat...
US Healthcare industry rethinks risk after murder of UnitedHealth exec
Before the shooting, most risk assessment efforts were conducted for medical practices and other healthcare providers, which have faced increasing hostility from the public since the COVID-19 pandemic NEW YORK: Health insurance companies are reassessing the risks for...
Fitch revises global reinsurance sector outlook to ‘Neutral’
``Given the sector’s abundance of capital, we expect a moderately softer and more competitive market in 2025, barring significantly above-average loss activity in 2H24. However, underlying margins are likely to remain close to their 2023-2024 peak as reinsurers...