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PSU banks and insurers playing a central role in advancing national priorities: Govt
(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and...
Rajasthan: Agri Minister Meena exposes major scams in PMFBY claim settlements in the state
Kirodi Lal Meena,Agriculture Minister,Rajasthan Rajasthan...
WTW expands Japan’s corporate risk & broking business with new insurance brokerage service
``Working closely with the international and domestic insurance markets, we will focus on the speciality segments, particularly for large corporates and Japanese companies with overseas business interests. These include those in Natural Resources, such as Power...
Tokio Marine Kiln appoints Alexandros Ampatzis as Head of Marine in APAC
Alexandros Ampatzis, Head of Marine, APAC, said,“TMK’s market-leading offering, combined with its reputation for strong growth and innovation, makes it an exciting time to be joining the business. There are impressive ambitions to grow the proposition even further and...
Lockton acquires Arihant Insurance Broker, receives IRDAI approval
Lockton, the world's largest independent insurance brokerage, had announced its entry into the Indian market in January this year and had acquired Arihant Insurance Brokers in June from Arihant Capital Market Ltd. Hyderabad: US based Lockton is now a licensed...
Regulatory changes to provide necessary push to surety bonds business say experts
"The expectation that surety bonds should be cheaper than bank guarantees is unsustainable for insurers. Issues related to pricing, reinsurance options, and lack of clarity on indemnity documents further hinder progress. The Indian Contract Act and Insolvency and...
Cyclone Dana impacted 35.95 lakh people in Odisha no human casualty so far Minister
The worst-hit districts include Kendrapara, Balasore and Bhadrak, while the human casualty “still stands at zero”. Whenever there is a disaster, people lose their houses and get compensation. This time, we want to bring a permanent solution to the problem and provide...
Cyclone Dana: Crops on 1.75L acre in Odisha damaged, another 2.80L acre submerged, says Govt
Chief Minister Mohan Charan Majhi during a review meeting on Friday night said the final estimate of the loss in the agriculture sector would be known from the detailed report, on the basis of which the government would decide on compensation for farmers Bhubaneswar:...
Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC
The top court was hearing an appeal filed by kin of a man who died in a road accident in 2015.When it came to determining the age, the top court accepted the contention of the claimant-appellants before it and upheld the judgment of the Motor Accident Claims Tribunal...
Hack at UnitedHealth’s tech unit impacted 100 mln people, US health dept says
UnitedHealth has previously said that hackers potentially stole a third of Americans' data in one of the worst hacks to hit the U.S. healthcare sector. The company began notifying affected patients in June The February hack at UnitedHealth's tech unit Change affected...
Negligence only if doctor lacks qualification or expertise in treatment: SC
"A medical professional may be held liable for negligence only when he is not possessed with the requisite qualification or skill or when he fails to exercise reasonable skill which he possesses in giving the treatment," the bench said New Delhi: The Supreme Court on...
Global commercial insurance rates show first quarterly fall in seven years, Marsh says
Marsh said the fall in the composite rate - the first since the third quarter of 2017 - was largely driven by increased competition among insurers in the global property market.On average, composite rates decreased in the Pacific by 6%, in the UK by 5%, in Asia by 4%,...