India’s banking sector is increasingly recognising the impact of...
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Category 5 storm Hurricane Melissa threatens to bring widespread destruction to Jamaica
Jamaica’s losses will range between $5 billion to $16 billion,...
LM Re appoints Andrew Aldwinckle as International Casualty Chief Underwriting Officer
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual...
General Insurance industry premium rises 30 % to Rs 29,467 crore in Sept, pvt sector gains market share
With a total premium of Rs77,049 crore, up 21 per cent y-o-y, mobilised in the first six months Fy 2024, the market share of private sector multiline general insurers has inched up to 53.58 per cent from 50.81 per cent(in Sept fy 2023) while the SAHIs, with a total...
Automobile retail sales jump 20 pc in Sep as demand soars in festive season
The year-on-year (YoY) analysis reveals broad-based growth across segments as two-wheeler sales grew 22 per cent, three-wheeler retails soared 49 per cent, passenger vehicle sales grew 19 per cent, while commercial vehicles saw a sales growth of 5 per cent, FADA...
Israel-Hamas conflict: Major airlines suspend Tel Aviv flights until conditions improve
US air carriers United Airlines, Delta Air Lines and American Airlines said they had suspended direct flights.Air France, Lufthansa, Emirates and Ryanair also pulled flights to Tel Aviv’s Ben Gurion airport PARIS/NEW YORK: Several international air carriers said on...
Star Health Insurance launches Surrogacy Cover and Oocyte Donor Cover at no additional premium
“The policy requires that certain terms & conditions are followed for the cover to be applicable, namely, the intending couple, surrogate mother and treating hospital must adhere to the guidelines of the Surrogacy Act and ART Act. Also, Surrogacy and Oocyte...
Experts call for limiting number of vehicles per family to curb air pollution, related ailments
The long-term effects of air pollution include respiratory diseases and lung cancer, and the worst part is that in a city like Delhi. Our children are growing up with poor lung conditions which will result in severity of lung disorders and make India an unhealthy...
Ayushman Bharat covers treatment for mental wellness, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman Noting that stress among students comes mainly from maniacal competition and pressure of public opinion, the Finance Minister said that counselling facilities are being provided at even district levels, as the Centre takes mental...
Israel-Hamas conflict: Indian exporters may face higher risk premiums, shipping costs
''For merchandise exports of India, the war may lead to higher insurance premiums and shipping costs. India's ECGC may charge higher risk premiums from Indian firms exporting to Israel,'' think tank Global Trade Research Initiative (GTRI) said on Sunday New Delhi:...
GST authority issues Rs 922 cr show cause notices to Reliance General Insurance
The GST department is of the opinion that there is no provision in the GST Act where one registered person can collect and disburse tax on behalf of another, regardless of any co-insurance arrangement On re-insurance commission, the GST authority said that it forms...
Germany to Send Air Defenses for Kyiv to Guard Grain Routes
While Kyiv has unilaterally created a temporary corridor for ships in the Black Sea, so far it’s mostly symbolic as mainstream shipping companies are wary of using it. Twelve ships have passed through it in recent weeks, but that’s very few compared with traffic via...
Aviva shares jump 8% as Times cites takeover talk
Names of potential bidders mentioned include Germany’s Allianz SE, Denmark’s Tryg AS, and Canada’s Intact Financial Corp, the Times said. LONDON: Shares in Aviva shot up almost 9% on Friday, after Britain's Times newspaper cited talk of a possible takeover of one of...