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SC revises compensation to over Rs 60 lakh from Rs 32.46 lakh for accident victim kin
“The aspirations of the young man were shattered by the accident...
Tribunal awards Rs 16.7 lakh compensation to couple injured in road accident
The tribunal, however, stated, "The claimant is a government...
Tokio Marine Holdings launches disaster prevention & mitigation subsidiary
Tokio Marine Resilience will promote comprehensive disaster prevention and mitigation solutions through planning, developing and providing new services Tokyo: Japanese major Tokio Marine Holdings, Inc. (TMHD”) has announced the establishment of a 100 per cent owned...
Why is South Asia the global hotspot of pollution?
Experts say that the problem lies in a lack of coordination on pollution control efforts between the countries. Dust particles can travel hundreds of kilometres, studies say, transcending national boundaries and impacting countries other than those in which they...
Nations to develop mechanism for use of digital sequence information on genetic resources
Digital sequence information(DSI) is a placeholder term to refer to data derived from de-materialised genetic resources. It includes nucleic acid sequence data and potentially other data such as protein sequence data. DSI is crucial to research in a wide range of...
Oriental Insurance H1 losses fall sharply to Rs41 crore from Rs3,587 crore, may turn profitable in FY23-24: RR Singh
RR Singh, CMD, Oriental Insurance Company, admitted that the company aims to be profitable in FY 24 despite having many of the complex financial problems like lack of capital and required solvency New Delhi/Mumbai: After years of heavy losses and despite having severe...
SBI General Insurance issues its first surety bond as bid security for NHAI
NHAI has been working closely with Highway Operators Association of India (HOAI), SBI General Insurance and AON India Insurance to implement this initiative Insurance surety bond has been issued for NHAI monetization bid of TOT bundle 14 @ 0.25% by the insurer without...
WHO updates its guidance on treatments for COVID-19
The experts say the new recommendations reflect changes in the virulence and transmissibility of circulating SARS-CoV-2 variants and sub-variants, along with changes in immunity related to global vaccinations. The World Health Organization has updated its guidance on...
GIC Re’s net profit falls 14% to Rs1605 cr in Q2FY24, resumes topline growth
``Having had significant degrowth in last few quarters, we believe that we are at a point where growth with profitability should drive our business strategy'' N Ramaswamy, CMD GIC Re Though, GIC Re’s underwriting losses have risen by 60 per cent y-o-y to Rs 1472...
Understanding and managing key risk drivers is essential to navigate the global polycrisis: WTW
The growing inability to secure placements could put coal assets at risk of being stranded, resulting in severe socio-economic ramifications for Asia. The region’s energy security and resilience will therefore require adaptation and cooperation from power businesses...
Insurers review Middle East events coverage after cancellations
But new policies are likely to exclude Israel, Lebanon and countries neighboring Israel such as Egypt and Jordan, three sources told Reuters, standard practice after a war breaks out,Edel Ryan, a senior executive at broker Marsh. Some insurers are excluding Israel,...
Centre taking steps to promote Ayush system of medicine: MoS Mahendrabhai
The Ministry of Ayush is working on the operationalisation of 12,500 Ayush Health and Wellness Centres (AHWCs) under NAM by 2023-24, the minister said New Delhi: Union Minister of State for Ayush Munjpara Mahendrabhai on Wednesday said the Centre is taking steps for...