“These incidents highlight the Houthis’ disregard for human life,...
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Maharashtra govt yet to pay Rs 1,015-crore premium to insurance companies: Minister
Speaking in the legislative council, Agriculture Minister Manikrao...
Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services
A forum of 10 trade unions has given a 17-point charter of demand....
Govt pushes back six car airbags rule by a year to Oct 2023
Mandating six airbags is part of a renewed push by the road transport ministry to improve safety after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a recent car crash NEW DELHI: The government will require all passenger cars to have a...
Indian Insurance industry to reach $ 200Bn by FY ’27 : IRDAI Chief
Debasish Panda, chairman, IRDAI “Customer experience, cost of distribution and product innovation are the top three areas of disruption for insurance companies. Thereby, the sector transformation has resulted in the introduction of innovative and tech-first products...
Australia flags tough new data protection laws this year
Australia's Attorney-General Mark Dreyfus said penalties for failing to protect personal data had to be increased so that corporate boards could not dismiss fines as a "cost of doing business." The "absolutely huge amounts" of customer data companies held for years...
Gallagher Re makes strategic appointments to further enhance service capability in Asia Pacific
Mark Morley, Managing Director, Head of Asia Pacific, commented: “As we continue to invest in the depth and capability of our offering across Asia Pacific, appointments such as these ensure that Gallagher Re is positioned to serve the evolving requirements of our...
One of strongest storms Hurricane Ian to make landfall in Florida
Samantha Montano, an assistant professor of emergency management at Massachusetts Maritime Academy, said the powerful winds may not do the worst damage. “Certainly, the wind threat is significant with this storm,” said Montano. “But I think it’s definitely from the...
Maha industrial unit blast: Cops register accidental death case; minister stresses on safety training of workforce
Three workers were killed and eight others received severe burns on Wednesday afternoon when a hydrogen gas cylinder exploded and triggered fire in an electrical equipment manufacturing company located in Chandarpada area of Vasai town In addition to the compensation...
At Rs 1,000 per claim, National Insurance plans to hire Internal Ombudsman
The Internal Ombudsman is required to strengthen the grievance redressal mechanism and reduce the complaints to Insurance Ombudsman and pre-empt litigation in judicial and quasi-judicial forums Chennai: In an attempt to reduce claims litigation costs, individual...
Time to address mental health issues in the workplace, UN agencies urge
Bullying and psychological violence, also known as “mobbing,” is a key complaint of workplace harassment that has a negative impact on mental health. However, discussing or disclosing mental health remains a taboo in work settings globally With an estimated 12 billion...
Global average annual insured losses from extreme events exceed $120 Billion: Verisk
Verisk estimates that on an annual average basis, catastrophes around the world are expected to cause about $123 billion in insured losses compared to an average of $74 billion in actual losses over the past 10 years “The most significant factor driving increased...
QIC Global aligns core companies to assume Antares name
The well-known and well-regarded Antares brand – the name of QIC Global’s London and Asia-based Lloyd’s business – has been chosen to reflect the international nature of the wider group’s client base and global operations. QIC Global is part of the QIC Group, which is...