Indian airlines have informed the insurers including New India...
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Markel launches Clinical Trials product to support clinical trials research globally
“Clinical trials insurance is a regulatory requirement in many...
Chaucer launches affirmative AI liability cover
As AI adoption continues to surge, AI incidents have spurred over...
Maruti Suzuki recalls 9,925 Unit 3 models to rectify possible defect in brake assembly
Affected vehicles are manufactured between 3 August and 1 September 2022.It is suspected that there is a potential defect in the rear brake assembly pin (part), which in a certain case may break and produce a peculiar noise. There may be a potential for impact on...
Suitors raises concerns over bidding process as Reliance Capital resolution enters final stage
Foreign bidders have expressed apprehension regarding the rules governing the cap on foreign holding and lock in period in an Indian Insurance entity As per the government guidelines, foreign players cannot hold more than 74 per cent in the Indian insurance venture....
Key management personnel of Indian auto firms have poor understanding of compliance obligations: Report
"…it was discovered that the KMPs (key management personnel) in Indian automobile companies have a poor understanding of compliance obligations in over 80 per cent of the instances," the report said, citing a survey conducted by TeamLease Regtech. As a result, it...
Bima Sugam to be game changer for insurance sector: IRDAI Chief
"So it's like a shopping mall. So you go and shop there. And as far as the KYC is concerned, the moment you enter the portal, type your Aadhaar number, the data will auto populate. The KYC will be done through your Aadhaar number which will be masked for security...
At least 151dead in Seoul Halloween stampede
Rescue workers, firefighters and police officers are seen on the street near the scene in Seoul, South Korea It was also Asia's second major crushing disaster in a month. On Oct. 1, police in Indonesia fired tear gas at a soccer match, causing a crush that killed 132...
Russia halts UN brokered Ukraine Black Sea grain exports
The U.N. chief said the grain deal brokered by the United Nations and Turkey in July helps "to cushion the suffering that this global cost-of-living crisis is inflicting on billions of people, his spokesman said Kyiv: Russia announced Saturday that it will immediately...
Jharkhand’s 226 of 260 blocks drought-hit; advance relief of Rs 3,500 paid to each affected farmer
“The state government will provide an advance relief of Rs 3,500 to every affected farmer family in the blocks. The initiative will cost about Rs 1,200 crore to the state exchequer,” Jharkand's Chief Minister Hemant Soren tweeted “The disaster management department...
Heat waves due to climate change have cost world economy trillions so far
The study is among the first to specifically examine how heat waves affect economic output, said senior author Justin Mankin, an assistant professor of geography at Dartmouth It has discovered that from 1992 to 2013, heat waves statistically correlated with changes in...
Bengaluru-bound IndiGo plane engine flight catches fire, emergency declared at Delhi airport
The Bengaluru-bound A320 aircraft, which had 184 people on board, later returned to the bay. The people were safely deboarded, the sources said New Delhi: An IndiGo plane declared emergency at the Delhi airport on Friday after one of its engines caught fire at the...
Odisha to prepare disaster management warriors to face calamities: Patnaik
Naveen Patnaik,Chief Minister,Odisha For better impact-based forecasting, the government will set up a telemetric rain gauge in all gram panchayats, the automatic weather stations at block headquarters, and sensors in our river systems. These steps will help us to get...