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SC summons MoRTH top officials for failing to implement `golden hour’ scheme for road accident victims
Sources in the industry pointed out that the MoRTH has already...
Global energy insurance market continues to soften with capacity at an all-time high: Willis
In Asia, insurance capacity from Asian-based insurers remains very...
SC rejects Bagic’s plea against Bombay HC order on crop claims
Earlier, the top court had on June 16 stayed a Bombay High Court order which asked Bagic to compensate over 3.5 lakh farmers under the PMFBY for the loss of soybean crop due to heavy rainfall in 2020.The vacation bench had asked the insurance company to deposit Rs 200...
Industry headwinds fail to dampen ILS Success, Aon Report
The study reveals that ILS capital remained relatively stable at $95 billion through June 30 – a reduction of approximately 2 percent relative to the $97 billion recorded in the prior-year period. CHICAGO: Aon plc in its annual report, published today, about the...
Rear seat passengers not wearing seat belt will soon attract fine: Nitin Gadkari
Road Transport and Highways, Nitin Gadkari said “A notification will be issued in the next three days that if one doesn’t wear a seat belt while sitting on the rear seat of a car, he or she will be penalised The highest number of people dying in road accidents in...
Global reinsurance capital down, profits and solvency up at H1 2022: Gallagher Re Report
Total global dedicated reinsurance capital of $647 billion at the half year reflects a decrease of $82 billion versus the end of 2021. The most important driver is $78 billion of realised and unrealised investment losses due to the sell-off in fixed income and equity...
Floods in Pakistan cause economic loss to the tune of USD 12.5 billion
Poverty and unemployment will go up manifold from 21.9 per cent to over 36 per cent. Some 37 per cent population was hit by poverty after floods in 118 districts, as estimated by the Pakistan government Islamabad: The estimated economic loss to Pakistan from floods...
Future Generali Gen to settle TP claims of Cyrus Mistry and co-passenger killed in car crash
Families of both Cyrus Mistry and Jahangir Pandole who were in the back seats of ill fated Mercedes SUV and died in the accident will be the claimants of third party(TP) motor claims as Indian insurance laws define all passengers in a private vehicle are covered under...
Focus back on road crash deaths as Cyrus Mistry meets fatal accident near Mumbai
The data showed a majority (59.7 percent) of the road accidents were due to over-speeding, accounting for 87,050 deaths and injuries to 2.28 lakh persons. New Delhi: The fatal road accident involving former Tata Sons chairman Cyrus Mistry on Sunday once again brought...
Wage Revision: Demand for pay parity with LIC rejected, Govt set to notify 12% hike for PSU general insurance industry
GIPSA officials are meeting the ministry officials on Monday to work out the final details of wage revision and the date of notification.. in a late afternoon development on Sunday, the National Confederation of General Insurance Officers' Association in a letter to...
17 states weigh adopting California’s electric car mandate
Under the Clean Air Act, states must abide by the federal government's standard vehicle emissions standards unless they at least partially opt to follow California's stricter requirements. Among them, Washington, Massachusetts, New York, Oregon and Vermont are...
Hiring activity remains stable in Aug; insurance sector witnesses steep growth: Report
The insurance sector, which posted an annual growth in hiring for the seventh time in a row, witnessed a steep year-on-year jump of 87 per cent. Hiring activity remained stable in August with a 6 per cent year-on-year growth, driven by the insurance sector, according...