Ajay Seth, chairman, IRDAI Though, basically it will be a welcome...
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Hospitals’ body warns Star Health against unfair practices, cautions on suspending cashless services
“Unless Star Health Insurance takes definitive steps to address the...
Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the...
Expected rise in strikes, riots and protests to test business resilience: Allianz
The heightened SRCC risk environment means businesses need to remain vigilant about the different threats such activity can pose. In addition to buildings or assets suffering costly material damage, operations can be severely disrupted, resulting in significant loss...
Global cyber-insurance market makes a comeback, Price hikes moderate
Cyber-insurance pricing increased 10% from a year earlier in January, a fraction of the 110% annual increase reported in the first quarter of 2022, preliminary data from insurance broker Marsh McLennan show. If those trends continue, prices could be set to decline,...
Insurers face $500 million in claims for up to 60 commercial ships stuck in Ukraine
With insurers already grappling with exposure to commercial aircraft caught up in Russia, the prospect of payouts will likely translate into higher costs for shipments from the region A senior industry source said exposure for the ships currently stuck was estimated...
Centre sets eye to ensure universal health coverage
Through initiatives like the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), which aims to develop tertiary healthcare capabilities in clinical treatment, medical research, and in teaching to far-flung areas in the country. It intends to address regional disparities...
Buffett’s Berkshire records annual operating profit despite inflation, rate pressures
Warren Buffett, chairman,Berkshire Hathaway Berkshire did spend $11.5 billion in the fourth quarter to buy the insurance company Alleghany. Warren Buffett’s Berkshire Hathaway on Saturday reported its highest-ever annual operating profit, even as foreign currency...
IndiGo, Go First face P&W engine headwinds; over 50 planes on ground
"Like many in the industry, we are experiencing global supply chain challenges, which are limiting the availability of structural castings and other parts and we are working mitigation strategies with our supply base and expanding MRO (Maintenance, Repair and...
Earthquake in India’s Himalayas to be felt in Sri Lanka
If India experiences a quake of magnitude 8, it would be felt in Colombo and Jaffna, Athula Senaratne, a local university professor, told reporters Sri Lanka's capital Colombo and the northern capital of Jaffna are likely to feel the effect of any powerful earthquake...
‘More value to be discovered, NCLT has usurped the jurisdiction of the CoC’, RCap to NCLAT
Earlier this month, NCLAT had issued notices to Torrent Investments and other respondents on a petition filed by the lender of Reliance Capital seeking a second round of financial bids for the debt-ridden firm, currently going through insolvency resolution process The...
Reliance General’s PBT at Rs 334 crore in 9FY23, wants capital infusion
Company has grown its investments assets at 20 per cent to Rs. 16,581 Crore for 9M FY23 as against Rs. 13,861 crore for the corresponding period 9M FY22 Mumbai: Profit before tax of Reliance General Insurance has grown to Rs 334 crore for 9M FY23 as against Rs 314...
Shipping industry steps up calls to free seafarers still trapped by Russia’s war
In the weeks after the war began, some 2,000 crew members were caught in the crossfire on ships in the Black Sea and the Sea of Azov. Safe corridors helped reduce that number in the months that followed. But the total remaining stands at an estimated 331 seafarers on...