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Insurance firm not liable to pay compensation for death of persons driving rashly: SC
A bench of Justices PS Narasimha and R Mahadevan refused to grant...
Indian companies paid Rs4 crore on average for cyber attack demands: Report
According to the State of Ransomware in India 2025 report, the...
IRDAI allows auto-renewal of eligible CBRs by insurers
To qualify for auto-renewal of a CBR, the insurer will ensure that credit rating of the CBR should not be less than ‘Standard & Poor's A- or equivalent. The latest credit rating of the CBR should not be prior to 12 months from the date of application for...
Why China’s latest Covid wave has sparked global panic
Beijing: China is experiencing a huge Covid-19 surge after years of hardline containment restrictions were dismantled last month. A growing number of countries are worried about a lack of data and transparency surrounding China's outbreak. Here is why it is sparking...
Second Covid booster unwarranted : Govt sources
"No discussion has been started even in the Immunisation panel National Technical Advisory Group on Immunisation (NTAGI) regarding the second booster dose. Our first priority is to complete the first booster drive in the country," said another official source to ANI....
Jan1 renewals: Rapid changes in market conditions prompt tense and late but largely completed renewals: Gallagher Re
James Kent, Global CEO, Gallagher Re, said, “The renewal process has been grueling for participants, many of whom have not faced such a rapid change in market conditions across a single renewal season. Political violence renewals have been especially demanding in...
`Bima Sugam is a big game changer for the end user and companies will also get the advantage”
In an interview with IANS, Anil Kumar Aggarwal, Managing Director & CEO, Shriram General Insurance Company, said the year 2022 has been one of the best years for the Indian general insurance industry. As per the trends, the industry is expected to double its...
Japan insurers to maintain cover for LNG vessels in Russian waters
The insurance companies negotiated with reinsurers to replace part of the coverage and they are expected to enable continued insurance, Nikkei reported on Thursday After renegotiating with UK reinsurers, a total of 30 billion yen ($224 million) is expected to be...
Lenders to meet on Tuesday to discuss bids for Reliance Capital acquisition
In an e-auction conducted under the Challenge Mechanism, Torrent had presented a resolution plan for Reliance Capital Ltd (RCL) with a net present value of Rs 8,640 crore, while Hinduja's offer was Rs 8,110 crore After the e-auction was over, sources said, Hinduja...
Jan 04 strike over restructuring deferred as management agrees to talk:PSU gen insurance unions
On Monday, under the banner of Joint Forum of Trade Unions (JFTU),the unions participated in conciliation meeting with the management under the guidance of chief labour commissioner(CLC). Various arguments took place in the meeting from both sides and finally CLC...
SC issues detailed norms for adjudicating motor accident claim cases
The Court has noted the concern regarding the delay in disposal of the claims cases under the Motor Vehicles Act, in the trial court or at the appellate stage. For effective implementation of the M.V. Amendment Act and the Rules framed thereunder, the specified...
Global natural catastrophe 2022 insured losses seen at $112 bln- Guy Carpenter
This year’s renewal season was “one of the most challenging. ..the sector has experienced,” Guy Carpenter said, adding that the process had been “extremely late.” Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance...