(L to R)-Girija Subramaninan, CMD, New India Assurance(NIA),...
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Insurance brokers should maintain high governance standards and business ethics: IRDAI member
Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO,...
AXA wins $908 million UK court ruling against Santander over protection insurance
AXA sued at London's High Court in 2021 over losses related to over...
India submits long-term strategy to achieve net-zero target by 2070
Bhupender Yadav,Union Environment Minister India's approach to low-carbon development is based on four key considerations -- low historic contribution to global warming, energy needs for development, commitment to low-carbon growth according to national circumstances...
US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines
Air India is among the six airlines that have agreed to cough up a total of over USD 600 million as refunds, the US Department of Transportation said on Monday Air India’s policy of “refund on request” is contrary to the Department of Transportation policy, which...
Rich nations stick to coal phase-out as China builds new plants
“Accelerated retirements (of coal plants) within the OECD and the collapse in the scale of new project proposals in the rest of the world have been counteracted by the ongoing expansion of the coal fleet in China,” said the PPCA, an international campaign aimed at...
NIA’s net profit plunges 74% to Rs 33 crore, one time Rs 2600 cr provision to clear five-yr wage arrears
Neerja Kapur,CMD,New India Assurance ``The fall in gross written premium is primarily due to the previous year recording significant revenues from the crop line of business and some government business, which was not there this year. The company made a...
Australia to consider banning paying of ransoms to cyber criminals
Asked on ABC television on Sunday whether the government planned to look at outlawing ransom payments to cyber criminals, Australia's Home Affairs Minister Clare O'Neil said "that's correct". "We will do that in the context of … cyber strategy," she said Sydney:...
Global COVID cases will increase in coming months, but at a slower pace -report
The increase in cases is not expected to cause a surge in deaths, the University of Washington's Institute for Health Metrics and Evaluation (IHME) said Daily global COVID-19 infections are projected to rise slowly to about 18.7 million by February from the current...
Maha: Lok Adalat awards Rs 70 lakh compensation to accident victim’s family
The settlement was reached between the claimants and Iffco-Tokio Gen. Ins. Co Ltd, the insurer of the car involved in the accident Thane/Palghar; The National Lok Adalat in Maharashtra's Palghar district on Saturday awarded Rs 70 lakh compensation to the children of a...
Russian oil cap doubts spur insurer fears of ships left at sea
If insurance was withdrawn mid-voyage, buyers and traders would have to figure out what to do with a stranded cargo potentially exposed to sanctions, complicating a strategy to deprive Russia of funds over its invasion of Ukraine. Oil-laden tankers risk being left...
Insurance contracts have very little option for consumers except to sign on dotted lines: SC
“Such contracts demand a very high degree of prudence, good faith, disclosure and notice on the part of the insurer, being different facets of the doctrine of fairness. Though, a contract of insurance is a voluntary act on the part of the consumer, the obvious...
Telemedicine will witness revolutionary change with improvements in connectivity: ISRO Chairman
Telemedicine connectivity can be strengthened, and the services can be expanded in rural areas with the spread of connectivity through satellites," ISRO Chairman S Somnath "Telemedicine could help bring down the cost of health care. He also noted that 5G connectivity...