Property rate declines were generally driven by stable capacity and...
Category:
Non-Life
Latest
IMD issues comprehensive heatwave guidance as temperatures rise across regions
In view of the prevailing and forecasted conditions, IMD has issued...
SBI General reports an 8.6% rise in net profit to Rs553 crore
Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “Our...
Indian Non-Life Insurance Industry:On a growth trajectory
The Indian Non-Life insurance industry continues to show maturity and resilience over the last 10 years despite facing many operational challenges, since the removal of tariffs. The industry players are well poised to take advantage of the favorable business climate...
2 pilots killed as Air Canada Express plane hits ground vehicle at New York’s LaGuardia airport, multiple injuries reported
Early reports from emergency responders indicate multiple injuries, with some patients described as being in critical condition,Unverified footage on social media showed damage to the nose of the plane New York:The pilot and the co-pilot were killed as an Air Canada...
Building Risk Resilience: An update for India Inc
Indian companies today are dealing with a very different risk landscape. Supply chains that break without warning, weather disruptions that are no longer rare events, growing cyber incidents, and constantly evolving compliance expectations.Add to that the pressure of...
Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull & liability as well as cargo. Coverage will be offered for war hull risk insurance, for war P&I insurance and war cargo insurance. NEW YORK:Chubb, the world's largest publicly traded property and...
Foetus older than 5 months would be treated as ‘person’ in eyes of law,entitled for compensation: HC
Justice Prashant Kumar of the court's Lucknow bench held that a foetus beyond a certain stage of development acquires the status of an independent life and that the loss of such a foetus cannot be ignored. It observed that the death of the unborn child must be treated...
West Asia Conflict:Trump indicates possible end to conflict,Oil price spike continues
US President Donald Trump ``We are getting very close to meeting our objectives as we consider winding down our great Military efforts. The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it, the United States does not," Trump...
RiverStone International launches Australian presence with company acquisition, leadership appointment and legacy transaction with Zurich
RiverStone International announced the appointment of Mark Fleiser as managing director of RiverStone International’s Australian operations LONDON/SYDNEY: RiverStone International today announced the establishment of an Australian operation, marked by the acquisition...
Crop Loss:Chouhan asks officials to expedite insurance claims to farmers
Shivraj Singh Chouhan, Union Minister for Agriculture and Farmers’ Welfare, and Rural Development Chouhan stated that the government’s focus is not limited to production alone, but also extends to the scientific assessment of crop damage, proper settlement of...
US allies see no way of opening Hormuz Strait during war
European capitals are preparing to combine military and insurance options for a post-conflict transition period.The UK has been in talks with Lloyds of London — the world’s largest insurance market — about insurance products and prices for when that happens, according...
US sending Marines and amphibious assault ship to Middle East, officials say
Even if the conflict does stop soon, there will be no rapid recovery from the upheaval caused by airstrikes and Iran’s virtual closure of the Strait of Hormuz, the conduit for 20% of the world’s oil and liquefied natural gas The U.S. military is deploying a large...