Thomas Blunck, Member of the Board of Management After the record...
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No Insurance Amendment Bill in Parliament’s Monsoon session
M Nagaraju, Secretary, Department of Financial Services ``The Bill...
Raising FDI limit in insurance aimed at unlocking full potential of sector: FM
Nirmala Sitharaman Union ,Finance Minister "Further, this will...
Flood situation worsens in Assam, over 34,000 hit
At present, 523 villages are under water and 5,842.78 hectare of crop area has been damaged across Assam, ASDMA said Guwahati: The flood condition in Assam deteriorated marginally on Tuesday, with nearly 34,000 people reeling under the impact of the deluge across nine...
Climate-attributed U.S. Hurricane losses to increase by at aeast 10% over 20 yrs under selected scenarios: Aon
Aon plc has revealed how its academic collaborations are progressing climate science, enhancing catastrophe model development and helping organizations to fulfill Environmental, Social and Governance (ESG) mandates The 14 global academic collaborations are bringing...
Digital crop survey in 19 UP districts
The development comes less than a month after the Centre signed an agreement with six states, including Uttar Pradesh, Assam, Madhya Pradesh, Odisha and Rajasthan, to begin the digital crop survey Additional Chief Secretary (agriculture) Devesh Chaturvedi said that...
Cyclone Biparjoy: Total insurable losses less than $100 million, says CoreLogic
Flooding at residential structures will comprise the majority of insurable loss, said Jon Schneyer, senior catastrophe response manager at CoreLogic California: CoreLogic, providing financial, property, and consumer information, analytics, and business intelligence,...
London’s Excel Centre wins insurance ruling on COVID-19 losses
Law firm Stewarts, which represented the owners of the ExCel Centre, said the ruling “could potentially affect hundreds of thousands of policyholders.” “Policyholders whose BI losses remain uncompensated should now revisit their policy documents to consider whether...
IMA calls for protection of health workers
"This is the need of the hour. How can a doctor treat a critical patient under stress and under threat? The nation is not realising how serious this issue is. After this, no good doctor will agree to treat a serious patient because they will feel threatened," said Dr...
Castrol, Mahindra Insurance Brokers announce strategic alliance for Castrol Auto Service Workshops
Castrol India Limited, India’s leading lubricant player, has signed an MoU with Mahindra Insurance Brokers Limited (MIBL), to enable Castrol Auto Service (CAS) workshops to sell vehicle insurance policies by top insurance companies, further enhancing their customer...
Govt proposes no hike in mandatory Motor TP premium in FY23-24, to be implemented from Aug
The Ministry of Road Transport and Highways (Morth) has come out with the new draft notification on the premium for mandatory third party motor cover on June 14 and has preferred to retain the same level premiums in most of the categories In FY 2022-23, the motor TP...
Generali agrees to acquire some European businesses from Liberty Mutual for $ 2.5 billion
Generali beat out other large European insurers to acquire the asset, which includes businesses in Spain and Portugal, Ireland and Northern Ireland. “Generali is acquiring a profitable insurance business in three growing European markets with very attractive...
Rising cyberttack on EU’s renewable sector, nightmares for European power chiefs
Sophistication of Russian cyberattacks against Ukraine had provided a wake-up call to how vulnerable digitalized and interconnected power systems could be to attackers. They’re nervously monitoring a hybrid war where physical energy infrastructure has already been...