“An untransferred insurance policy puts both the buyer and seller...
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Oriental Insurance puts Dubai operations under run off
``The OIC board has approved the decision and we have written to...
Building Climate Resilience: Strategies for Indian insurance industry
Climate change is a systemic risk that demands a systemic response....
India to be the 6th largest insurance market by 2032, life market more promising than non-life: Swiss Re report
With $131 billion of total premium in 2022, currently, India is the 10th largest market in the world where US, China and UK are the top three largest markets India's life insurance premium market, with a premium of $100 billion, that has grown by 8.2 per cent in 2022...
Rain fury: Situation grim in Punjab’s Patiala, Rajpura thermal power plant shut down
Floodwaters entered the premises of the Rajpura Thermal Power Plant here, leading to the shutdown of one of its 700 MW units, they said Patiala: Punjab's Patiala district was reeling under a flood-like situation following heavy monsoon rainfall, with authorities...
Flood warning in Delhi after Haryana discharges over 1 lakh cusecs of water into Yamuna
Northwest India has seen incessant rainfall over the last two days, with many areas in Uttarakhand, Himachal Pradesh, Haryana, Uttar Pradesh and Rajasthan recording ''heavy to very heavy'' precipitation This has resulted in overflowing rivers, creeks and drains that...
World sees hottest June on record, North Atlantic ocean heats up
The rapidly warming planet has led to unusual spikes in air and sea temperatures that can wreak havoc on global weather, food supply chains and economies. The first El Niño in almost four years is also developing The area covered by sea ice in Antarctica reached its...
Govt to spend Rs 64,000 cr to set up critical care units in country’s every district: Mandaviya
The aim is to invest an average Rs 100 crore in each of the 750 districts in the next four years under the National Health Infrastructure Mission, Union Health Minister Mansukh Mandaviya said Raipur: Union Health Minister Mansukh Mandaviya on Thursday said the...
Britain to tap pensions for infrastructure as Thames Water toils
Britain's financial services were largely cut off from the EU due to Brexit, with Amsterdam overtaking London as the region's biggest share trading centre. UK chip designer ARM's decision to list in New York and not London has also piled pressure on Britain to bolster...
Jagan Mohan Reddy releases Rs 1,117 crore for crop insurance claim payments
YS Jagan Mohan Reddy, Chief Minister,Andhra Pradesh So far, 54, 48,000 farmers got free insurance of Rs. 7802crores in the last four years while only Rs 3,411 crore was paid to 35, 80,000 farmers in the 5 years of drought-hit TDP rule, said the Chief Minister...
Siemens energy’s turbine troubles rattle wind sector
Siemens Energy shocked the wind sector in late June when it warned of faulty components and possible design faults in its onshore wind turbines Last year, the four biggest Western wind turbine makers – Vestas, GE, Siemens Energy’s Siemens Gamesa and Nordex made...
UN climate alliance scraps emissions rules for insurers after exodus
Under the NZIA's “Target-Setting Protocol” published in January, insurance members had until the end of July to publish emissions targets for 2030 using recommended types of targets and were then required to update on their progress annually The Net-Zero Insurance...
General insurance industry’s premium grows 15% to Rs 20,457 cr in June
Twenty multiline private sector general insurers, led by ICICI Lombard General Insurance, have seen their premium soaring by 17 per cent y-o-y to Rs 10,776 crore in June while during Q1FY2023-24, it has surged by 21 per cent y-o-y to Rs 34,212 crore Four public sector...