War insurance costs for some port calls have been quoted between...
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IndiGo cancels over 550 flights on Thursday
There were at least 118 flight cancellations at the Mumbai airport,...
Govt incorporating suggestions at final stages of Atomic Energy Bill : Jitender Singh
Union Minister Singh also reiterated that as announced in the...
Sanjeev Mantri to succeed Dasgupta as MD & CEO at ICICI Lombard Gen
Sanjeev Mantri, MD & CEO- designate, ICICI Lombard General Insurance `The Board of Directors based on the recommendation of the Board Nomination and Remuneration Committee have approved the appointment of Mantri presently with effect from December 1, 2023 or the...
Gujarat govt announces relief package for farmers in districts affected by floods due to Narmada river
Based on a report on the estimated damages caused to standing crops in the three districts due to flooding caused by the river, the government has decided to provide a special relief package from the state budget in addition to the State Disaster Response Fund (SDRF)...
Mahindra Finance acquires 20 pc stake in Mahindra Insurance Brokers for Rs 206 cr
The company, pursuant to receipt of approval from the Insurance Regulatory and Development Authority of India (Irdai), completed the acquisition of 20,61,856 equity shares of Rs 10 each of MIBL at a price of Rs 1,001 per share, Mahindra Finance said in a regulatory...
California lets insurers factor wildfire risks in rates to widen coverage
The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...
Indian auto insurance technology startup listed on Nasdaq
''We're incredibly excited about the transformative potential of AI in reshaping the USD 800 billion auto insurance market and are going to be unwavering in our focus to build Roadzen as the leader at the intersection of AI, mobility and insurance,'' another release...
Bhargava Dasgupta quits as MD & CEO of ICICI Lombard, to join ADB as vice-president,Market Solutions
Bhargava Dasgupta, MD & CEO, ICICI Lombard General insurance Dasgupta has tendered his resignation, to pursue a career opportunity outside the country, said the company on Thursday.Dasgupta said the company has grown revenues six times and net profit 78 times over...
Lloyd’s and the UN team up to get insurance to climate vulnerable countries
After the initial focus on the Pacific, the partnership will seek to roll out the model to Asia and parts of Africa LONDON: Lloyd's of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate...
Offshore wind industry: Economic pressures and tech innovation need to be managed
Around 380GW of offshore capacity is expected to be added across 32 markets over the next 10 years, according to the Global Wind Energy Council, with half of that growth expected to come from the Asia Pacific region. Developers and their insurers need to manage a...
US home insurance ‘Bubble’ closer to popping as climate risks mount: Report
At the core of the problem is an increase in the severity of disasters exacerbated by climate change and the damage they wreak. Until now, state regulations that cap increases in insurance premiums and subsidized insurer-of-last-resort programs have hidden the...
Talent war, rising costs causing Indian employers to rethink benefits strategy: WTW Survey
In India, employers see risk and insurance benefits (51 per cent), health benefits (51 per cent) and career, training and development (43 per cent) as the most important benefits in their portfolios ''Economic factors, a tough labour market and tight budgets are...