After ICICI Lombard General Insurance, the Bombay High Court has...
Category:
Non-Life
Latest
Trump’s Tariff Shock: Global economic & insurance premium growth to slow down, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist, said: "While...
Trade unions go on daylong strike, services largely unaffected
The unions' demands include doing away with the four labour codes,...
South Asia’s poorest city dwellers bear brunt of worsening floods
Worrying about floods is an annual routine for the community, but environmental experts fear its residents - like marginalised city dwellers across South Asia - face even harsher threats ahead as rains becomes more erratic and intense. This summer's deadly inundation...
Insured losses to onshore property for Hurricane Ian to range from $ 42 billion to $ 57 billion: Verisk
Wind damage of USD 38 to 51 billion comprises the majority of the loss estimate Storm surge (excluding losses from the NFIP) account for USD 3 to 5.5 billion of the loss estimate, and inland flood less than USD 1 billion Boston: Verisk estimates that insured losses to...
Indian General Insurance Industry slips into a record loss of Rs 2,842 crore in FY2022
The general insurance industry, saddled with the huge overall losses of three PSU general insurers, Oriental Insurance, National Insurance Company and United India Insurance, has slipped into net losses of Rs 2,842 crore in FY 2021-22 as against a net profitability...
Cholera outbreaks surging worldwide, fatality rates rising – WHO
The average fatality rate so far this year has almost tripled compared with the five-year average and is currently around 3% in Africa, he added. While most of those affected will have mild or no symptoms, cholera can kill within hours if untreated. Cholera cases have...
Auto sales on ascending track riding on festive cheer, smooth chip supplies
''It is the second best month for the company in 42 months,'' MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava told reporters. The best month for the auto major was October 2020 when it had dispatched 1,63,000 units in the domestic market, he...
Sebi to restart review of $440 million Digit Insurance IPO
The Sebi was concerned that privately-held Digit issued shares to more than 200 individuals in the past financial year, which is not allowed under Indian laws and regulations MUMBAI: India's markets regulator will restart a review of a $440 million initial public...
13 firms ink non-disclosure agreement with govt to use ULIP data
ULIP will give direct and indirect benefits to all logistics stakeholders like verification of drivers and vehicles details in a single click, tracking and tracing of consignment, route optimisation planning, a timely update on the destination of the consignment,...
Florida (Re)insurers to withstand Hurricane Ian, Specialists at risk, says Fitch
Florida is expected to have substantial economic and insured losses from hurricane Ian from heavy rainfall, storm surge and flooding. Based on our initial analysis, insured losses could range from $25 billion-$40 billion for Florida, which could increase depending on...
Death toll in Florida uncertain as Ian takes aim at Carolinas
The storm transformed Florida's southwestern shoreline, dotted with sandy beaches, coastal towns and mobile home parks, into a disaster zone as Ian swept seawater into waterfront homes. Ian, one of the strongest storms ever to hit the U.S. mainland, flooded Gulf Coast...
Indian monsoon season ends with 7% excess rainfall, says IMD
Though the country as a whole has received excess rainfall, the distribution has been uneven with the desert state of Rajasthan reporting 36 per cent more rains than normal and the north-east region, which witnesses copious showers, receiving deficit rainfall New...