The new group, to be called Helvetia Baloise Holding, will become...
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Japanese insurer MS&AD plans to invest $5 billion to double U.S. profits
The Tokyo-based casualty insurer has the highest market share in...
Willis appoints Aon’s Anant Pawar as Aviation & Space Leader for India
Anant Pawar, Aviation & Space Leader, Willis,India Willis...
China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19
The measure in Shenzhen rekindles the possibility of Shanghai-style lockdowns that forced tens of thousands of workers into isolation. Apple supplier Quanta Computer Inc., chipmaker Semiconductor Manufacturing International Corp. and Tesla Inc. were among the...
Luton Airport runway meltdown shows airports vulnerable to climate change
Airports Council International (ACI), a group representing airports globally, said it will soon publish an airfield maintenance handbook for members with a section dedicated to pavement management “This includes lists of probable cause of pavement distresses, and some...
China says medical insurance fund in the black, responding to concerns
Healthcare affordability is a sensitive issue in China. Costs are often high, with hospitals setting elevated prices for some drugs, and medical supplies and doctors known to over-prescribe. The government has started to reform price mechanisms for some medical and...
Medical tourism sector getting back in health with higher inflow of patients than pre-Covid times
Cost-effectiveness and the presence of good hospitals in India make the country a preferred destination for many international patients, according to experts New Delhi: Thirty-year-old Iraqi national Mohsin Ali (name changed), a victim of war, is undergoing treatment...
Bajaj Allianz launches usage-based motor insurance add-on cover
Pay-as-you-consume add-on cover can be opted by the customer along with the basic OD (Own Damage) plan under Package Product, Bundled and Standalone OD cover, the company said Pune: Private sector Bajaj Allianz General Insurance launched its add-on motor insurance...
UN health agency declares monkeypox a global emergency
"In short, we have an outbreak that has spread around the world rapidly through new modes of transmission about which we understand too little and which meets the criteria in the international health regulations," WHO Director-General Tedros Adhanom Ghebreyesus said...
Climate change adding layer of vulnerability to fragile Himalayas: Experts
“Climate change has added another layer of vulnerability. It is acting as a force multiplier and making landslides, flash floods and cloudbursts more disastrous,” said Himanshu Thakkar, coordinator of South Asia Network on Dams, Rivers and People Climate change and...
Ship insurers sail into unknown with Ukraine grain risks after deal reached
"There are a number of underwriters who have expressed an interest in writing this risk and one or two brokers also. It may well be a consortium that is formed," Neil Roberts, head of marine and aviation with the Lloyd's Market Association, told Reuters. A number of...
Maha: MACT awards Rs 10.94 lakh compensation to expat couple injured in accident during India visit
MACT member H M Bhosale directed the respondents — the owner of the offending tourist car of Delhi-based Shine Holidays and United India Insurance Company Limited — to jointly and severally pay the claimants with an interest of 8 per cent per annum from the date of...
More than 1.3 mn vehicles recalled in FY22 due to safety issues: Gadkari
Gadkari said total 47,984 people died due to accidents on national highways in 2020, while 33,148 died due to accidents on state highways Vehicle recalls in India rose to a three-year high in 2021-22, with more than 13 lakh two-wheelers and passenger cars recalled...