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Automobile sales up almost 3 % in April, CV sales fall, says Fada
FADA President C. S. Vigneshwar attributed April sales to pull back...
Warren Buffett’s best and worst investments in his 60 years leading Berkshire Hathaway
Berkshire's insurance division has grown to include Geico, General...
IRDA forms Rakesh Joshi panel to suggest measures to expand health insurance
The panel will arrive at ways and means to increase the penetration of health insurance in India including identifying issues and challenges in the entire value chain and making recommendations to overcome them Hyderabad: In a bid to achieve the goal of...
IRDAI allows repatriation of 20% excess assigned capital by FRBs and Lloyd’s once in a yr
Almost 10 FRBs along with Lloyd's of London who are now operating in India for last fours years have an average capital of Rs 1000 crore and going by the new regulation after ensuring solvency ratio, the FRBs can return 20 % excess capital to their parent companies...
Re/insurers face tough issues over large potential claims From Nord Stream Pipeline Blasts
Munich Re and syndicates within the Lloyd’s of London market are among the major underwriters for Nord Stream 1 and it was unclear whether they would renew its cover If the insurance is not renewed, the prospect of the pipeline bringing gas to Europe under the Baltic...
Fungal infection list launched by WHO flags global health threat
"Emerging from the shadows of the bacterial antimicrobial resistance pandemic, fungal infections are growing, and are ever more resistant to treatments, becoming a public health concern worldwide," said Dr Hanan Balkhy, WHO Assistant Director-General for antimicrobial...
Australian health insurer says data of all customers hacked
“Our investigation has now established that this criminal has accessed all our private health insurance customers' personal data and significant amounts of their health claims data,” Medibank chief executive David Koczkar said in a statement to the Australian...
Heat-related deaths in India increased by 55% from 2000-2004 to 2017-2021
Improvements in air quality will help to prevent deaths. In 2020, over 330,000 people died in India due to exposure to particulate matter from fossil fuel combustion New Delhi: Warning that health is at the mercy of fossil fuels, from 2000-2004 to 2017-2021...
IRDA tightens rules for Cross Border Reinsurers(CBRs) on transacting Indian business, reduces FRB’s capital requirements to Rs 50 cr from Rs 100 cr
Capital requirements of foreign reinsurance branches(FRBs) in India reduced to Rs 50 crore from existing Rs 100 crore Every cedant has to offer best terms obtained, for participation in the following order of preference: Category 1: Indian Reinsurers, FRBs, Lloyd’s...
Australia flags new corporate penalties for privacy breaches
Unknown cyber criminals this week demanded ransom from Australia's largest health insurer, Medibank, after claiming to have stolen 200 gigabytes of customers' data including medical diagnoses and treatments The thieves have reportedly threatened to make public the...
Cyclone Sitrang: IMD issues advisory, suspends offshore activities in north Bay of Bengal
“Due to the cyclonic storm over West Central Bay of Bengal and adjoining East Central Bay of Bengal and its likely intensification into a severe cyclonic storm, fishermen are advised not to venture into the sea till 25th Ocober’2022,” IMD’s statement said. Kolkata: In...
Bank of England fines MS Amlin Underwriting $10.84 million various for lapses
The penalty reflects the seriousness of MSAUL’s failure to meet the expected standards in this case, and should deter similar conduct by other firms,” Bank of England Deputy Governor Sam Woods said in a statement. London: The Bank of England said on Thursday it had...