About 70 of the families have also received the ex gratia payment...
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Tankers rate hit new high amid US sanctions
Figures from analytics firm Kpler suggest that close to 48 million...
Bima Gram API to strengthen rural coverage, says insurance industry
The Bima Gram API maps postal PIN codes to Local Government...
Ships backed up in Black Sea lanes as Russia warning shots raise tensions
Insurance industry sources said rates for additional war risk premiums remained stable on Monday, although there was a possibility of a rise if a ship was damaged or sunk The cost of a Black Sea war risk premium, which is typically renewed every seven days and is in...
Maui wildfire is deadliest for US in 105 yrs, with 89 killed
“This is the largest natural disaster we’ve ever experienced,” Hawaii Governor Josh Green said The death toll makes the wildfire the deadliest since 1918, when 453 people were killed in Minnesota and Wisconsin by the Cloquet & Moose Lake Fires, according to the...
Shippers warned to stay away from Iranian waters over seizure threat as US-Iran tensions high
A U.S.-backed maritime group called the International Maritime Security Construct “is notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de- escalate. Vessels are being advised to...
Japan braces for another typhoon with trains and flights canceled
Toyota Motor Corp., Mitsubishi Motors Corp., Honda Motor Co. and Suzuki Motor Corp. said operations won’t be affected by the typhoon because their manufacturing plants are closed during the annual break Tokyo: Typhoons are becoming more frequent and severe, causing...
Australia’s climate risks are making home insurance unaffordable
Median home insurance premiums surged 28% to A$1,894 ($1,240) in the year to March 31, according to a report released Monday by the Actuaries Institute. Premiums in the highest-risk properties — such as those in flood or bushfire-prone areas — shot up 50%, it said...
Ships backed up in Black Sea lanes as Russia warning shots raise tensions
Firing on a merchant vessel will ratchet up already acute concerns among shipowners, insurers and commodity traders about the potential dangers of getting ensnared in the Black Sea – the main route that both Ukraine and Russia use to get their agricultural produce to...
Montana judge hands historic win to young plaintiffs in climate change case
The decision by Judge Kathy Seeley in Helena marked a major victory in the first youth-led climate case to reach trial in the U.S. and could set an important precedent for similar cases nationwide Montana is violating the rights of young people with policies that...
Over 50 killed in Indian Himalayas as rain triggers landslides
"Again, tragedy has befallen Himachal Pradesh, with continuous rainfall over the past 48 hours.More than 50 people had died in rain-related incidents within 24 hours," the state's chief minister, Sukhvinder Singh Sukhu, said Torrential rain in India's Himalayas...
Australia: Private health insurance is set for a shake-up
Under the proposed changes, people who pay the 2 per cent surcharge would also no longer receive any rebate, which currently reduces premiums by about 8 per cent for people earning USD 108,001-USD 144,000 Sydney: Private health insurance in Australia is under review,...
National Insurance Academy seeks partnerships to venture into hi-tech research and training: new Director
``We are keen on taking insurance related initiatives to the masses through new age technologies like AI, ML and Blockchain etc and undertake research in the areas of Cyber security, Financial Inclusion, Social Security, Crop yields, Risk Management, allied areas and...