Amit Shah, Union Home Minister ``As a result of the efforts of the...
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APAC Employee Benefits Strategy: Health and productivity as top priorities
"As organisations navigate economic uncertainty and rising employee...
Charles Taylor appoints Gordon Tennant as regional director of Marine Technical Services in Asia
Charles Taylor, a global leader in loss adjusting, has appointed...
PSU gen insurers and unions to meet on Jan 12 for sorting out differences over E&Y recommendations on restructuring
A section of employees of public sector general insurance companies had given a call to go on strike on January 4 against the proposed unilateral restructuring in the state-run insurers. The unions alleged that the proposed restructuring would weaken the public sector...
Future Generali provides health covers for LGBTQIA+ community
Future Generali India Insurance (FGII), has has expanded its definition of ‘family’ across all its retail health insurance offerings, to include LGBTQIA+ community and live-in partners. Ruchika Malhan Varma, chief marketing officer, Future Generali India Insurance...
South Korea fines Tesla $2.2 mln for exaggerating driving range of EVs
The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the "driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers" on its official local website since...
Toyota Motor’s Indian unit warns of a possible customer data breach
"Toyota Kirloskar Motor (TKM) has been notified by one of its service providers of an incident that might have exposed personal information of some of TKM's customers on the internet", TKM said in an emailed statement without disclosing the size of the data breach or...
Jan1Renewals: Reinsurers hike rates on key business lines by as much as 200%, exclude Russia and Ukraine
Aviation reinsurance rates, heavily impacted by hundreds of stranded aircraft in Russia, rose by as much as 200%, Gallagher Re said. “The sector is experiencing its most acute, cyclical price increases since the 2001-2006 period, if not before,” said David Flandro,...
NCLT puts Hinduja’s RCap higher offer on hold, next hearing on Jan 12
The interim stay was provided after Torrent Group filed an interlocutory application with NCLT on Monday seeking its direction to RCap’s administrator not to accept Hinduja’s revised bids that were submitted a day after the e-auctions ended Earlier, Ahmedabad-based...
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...