In a significant change, insurers would be allowed to invest a...
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Insurance intermediaries must report big commission payments, Publish details online: IRDAI
In a move aimed at strengthening oversight of sales practices,...
Lloyd’s:A new marine war risk consortium launched to support Strait of Hormuz shipping
The new marine war risk consortium will issue primary policies for...
Aon appoints Steve Dando chief broking officer for Global Broking Center
In partnership with Aon teams around the world, the GBC provides insight-driven risk transfer advice, advanced placement solutions, proactive market insight and claims expertise to drive enhanced outcomes for clients. Dublin:Aon plc today appointed of Steve Dando as...
Homemakers are “nation builders”: SC says loss of wife’s domestic care should be monetised at Rs 30K
“We are also of the view that the housewife contributes to the growth of the human being and the nation. The homemaker builds nation. So we have laid down the principles, and as a nation builder, we have housewife, we have quantified the amount that the loss of...
Iran declares Hormuz closed to all vessels after US strikes
"Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships.Any vessel attempting to transit the strait will be targeted," the IRGC said Iran's Islamic Revolutionary Guard...
NIA rolls out India’s first Motor insurance war risk protection solution
"The Motor War Risk Add-On Cover is designed to bridge a critical protection gap by offering insurance protection against direct physical loss or damage to the insured vehicle arising from war-related events. The cover can also be availed for motor insurance policies...
Commercial vessel attacked off Oman: 3 Indian crew missing
The US Central Command acknowledged the strike on the vessel saying it violated the ongoing US blockade of the Iranian ports by attempting to transport oil from Iran. New Delhi:India on Wednesday summoned the United States charge d'affaires to strongly protest a US...
Dark fleet expands amid Hormuz tensions
The increase in Gulf producers’ ships going dark to sneak through undetected by Iran is at the heart of the rise in flows, coinciding with a period where the US has been helping ships navigate through the waterway. The recent volumes add to signs that the oil market...
US-Iran strikes threaten peace talks
President Donald Trump said he retaliated against the Islamic Republic for shooting down an American Apache helicopter near the Strait of Hormuz. Tehran didn’t confirm shooting down the aircraft and said it was reconsidering whether to persist with negotiations in...
El Niño Emerges, Threatening Crops and Livelihoods
El Niño is characterized by a warming of the Pacific Ocean that alters global weather patterns, which can damage crops and strain power grids. Even before the declaration, its impact has been felt across various regions, from a delayed start to the Indian monsoon to a...
India’s ship certifier takes tougher stance on sanctioned tankers
Since 2023, Mumbai-based IRClass has de-classed 235 ships from its registry, mainly oil tankers and also a few gas carriers, the non-profit organisation's Executive Chairman Arun Sharma said. LONDON:India's ship safety certifier is taking a tougher stance on vessels...
India’s Construction Sector: Insurers increase focus on risk and project governance, Aon report
“India remains a dynamic and rapidly expanding construction market within the Asia Pacific region. Large-scale developments face a range of natural hazards, including floods and earthquakes, with increasing focus on robust risk management from the outset. To navigate...