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African lender weighs claiming Lloyd’s payout on Zambia debt
TDB — together with the African Export Import Bank — has found...
Swiss Re tackles longevity drug impact with life policy advice
Metformin, traditionally used to manage type 2 diabetes, and...
Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes
Since the collapse of the grain corridor deal and the increased targeting of ports and infrastructure by Russia, war risk underwriters were “forming their own independent views and deciding what is it is they are prepared to underwrite,” David Smith, head of hull and...
Chubb seeks 49% of India’s Kotak General Insurance, has edge over Zurich -sources
Kotak General Insurance continues to have discussions with Zurich, though separate talks with private equity firm Carlyle have not worked out, the people added MUMBAI: U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has...
Biden administration pushing insurers to improve access to mental health treatment
US President Joe Biden "Despite the repeated bipartisan efforts aimed at mental health parity, insurers too often make it difficult to access mental health treatment, causing millions of consumers to seek care out-of-network at significantly higher costs and pay out...
PMJAY results in huge out-of-pocket expenditure savings related to hospitalisations for beneficiaries: Govt
''As of July 19, 2023, 5.39 crore hospital admissions worth Rs 66,236 crore have been authorised which is a direct out-of-pocket expenditure saving,'' Baghel said in his written reply. Further, if these services would have been availed from the market, the cost would...
Asia-Pacific needs disaster warning systems to counter rising climate change risks, UN report
Countries lacking adequate early warning coverage have a disaster mortality rate that is eight times higher than countries that do have such systems in place, the U.N. estimates. And without such precautions, regional annual losses from disasters are projected to...
Only 0.8% electric vehicles in country out of 34 crore vehicles registered
According to an official data, out of the total slightly over 34 crore vehicles registered with road transport ministry's e-vahan portal, as on July 14, 2023, only over 27 lakh vehicles were registered as electrical vehicles. Interestingly, apart from Delhi, Assam and...
Americans are moving toward climate danger in search of cheaper homes
Many Americans are actually choosing to move to Zip codes with a high risk of experiencing wildfire, heat, drought and flood, according to a new study on domestic migration by Redfin, an online real estate brokerage firm A midsummer quiz: Let’s say you read about an...
Govt to launch Ayushman Bhav prog to achieve 100% coverage of health schemes
The aim of Ayushman Melas would be to build awareness on healthy behaviours and provide early diagnosis through screening, comprehensive primary health care services with drugs and diagnostics, teleconsultation with health specialists, and appropriate referrals with a...
India has mechanism for financing disaster response, mitigation,preparedness and recovery: PK Mishra
''Over the last few years in India, we have completely transformed the way disaster risk reduction is financed.We now have a predictable mechanism for financing not just disaster response but also disaster mitigation, preparedness and recovery. Can we have analogous...
Allianz Commercial launches in global Property & Casualty markets
Chris Townsend, Member of the Allianz SE Board of Management, comments: “Our commercial businesses have been united in ONE global model. With Allianz Commercial, we can service a fuller, more dynamic range of customers under our new unifying name – this gives us an...