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Star Health insures 30 lakh sr citizens, settles over Rs 11,500 cr worth of claims in past 18 yrs
Star Health company has insured 30 lakh active senior citizens and...
Nayara turns to dark-fleet tankers and Russian oil for survival
The refiner, part-owned by Russian oil major Rosneft PJSC, is an...
Environment risks dominate in “polycrisis” world – WEF survey
The interplay between climate change impacts, biodiversity loss, food security and natural resource consumption is a dangerous cocktail,” said John Scott, head of Sustainability Risk at Zurich Insurance Group, which partnered on the report with risk strategy group...
U.S. air travel rumbles back to life after FAA computer outage
The cause of the problem with a pilot-alerting system, which delayed thousands of flights in the United States, was unclear, but U.S. officials said they had so far found no evidence of a cyberattack. Washington DC: U.S. flights were slowly resuming departures and a...
Centre to expedite Rs 540 cr crop insurance claim of kharif 2021 season to Barmer farmers
On the central government's initiative, AIC had last week said it has settled partial claims amounting to Rs 311 crore under the Pradhan Mantri Fasal Bima Yojana (PMFBY). ''Following the review meeting held today, the insurance company will pay an additional claim...
WHO backs mask wearing on long flights as new Omicron variant spreads
Passengers should be advised to wear masks in high-risk settings such as long-haul flights, said the WHO's senior emergency officer for Europe, Catherine Smallwood, adding: "this should be a recommendation issued to passengers arriving from anywhere where there is...
Beazley launches industry’s first Cyber Catastrophe Bond
This is the first time that a liquid Insurance-Linked Securities (ILS) instrument has been created for cyber catastrophe risks, said Beazley The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with the...
National Health Authority introduces new system to measure performance of hospitals under Ayushman Bharat PM-JAY
RS Sharma, CEO, National Health Authority The statement said that under value-based care, the performance of AB PM-JAY empanelled hospitals will be measured based on five performance indicators such as Beneficiary Satisfaction; Hospital Readmission Rate; the extent of...
Sinking Joshimath: Admin sounds alert, asks residents to move to relief centres
Taking stock of the prevailing situation in the popular pilgrimage site, Uttarakhand Chief Minister Pushkar Singh Dhami has given instructions for monitoring all ongoing development works in the area while ensuring immediate relief and rescue of residents affected by...
China not to include Pfizer Inc’s Covid drug in its insurance scheme
Boxes of Paxlovid are changing hands for as much as 50,000 yuan ($7,313.15), more than 20 times the original price of 2,300 yuan, according to local media reports and social media posts. Beijing has been largely resistant to Western vaccines, but has greenlighted...
General insurers’ premium grows by 14.44% to Rs 20,687 crore in Dec , PSU gen insurers market share falls over 2% to 33.16%
The private sector general insurers have mobilised a total premium of Rs 96,246 crore, up 22 per cent in Apr-Dec period while PSU general insurers have gathered a total premium of Rs 62,092 crore,up 8.64 per cent, during the same period. Mumbai:The total premium of...
Nurturing Talents: Compensation for Indian Workforce
Though western countries are embracing and adopting the concept of Total Rewards for retaining employees, a more nuanced approach is warranted when designing a compensation structure for the Indian workforce Shwetha Ram While the COVID-19 pandemic upended the...