The affirmation of the ratings on GIC Re SA reflects S&P's...
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National consumer commission upholds doctor’s medical negligence, awards Rs 10 lakh compensation
In an order dated June 6, the national commission said that the...
Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may...
Future Generali Gen to settle TP claims of Cyrus Mistry and co-passenger killed in car crash
Families of both Cyrus Mistry and Jahangir Pandole who were in the back seats of ill fated Mercedes SUV and died in the accident will be the claimants of third party(TP) motor claims as Indian insurance laws define all passengers in a private vehicle are covered under...
Focus back on road crash deaths as Cyrus Mistry meets fatal accident near Mumbai
The data showed a majority (59.7 percent) of the road accidents were due to over-speeding, accounting for 87,050 deaths and injuries to 2.28 lakh persons. New Delhi: The fatal road accident involving former Tata Sons chairman Cyrus Mistry on Sunday once again brought...
Wage Revision: Demand for pay parity with LIC rejected, Govt set to notify 12% hike for PSU general insurance industry
GIPSA officials are meeting the ministry officials on Monday to work out the final details of wage revision and the date of notification.. in a late afternoon development on Sunday, the National Confederation of General Insurance Officers' Association in a letter to...
17 states weigh adopting California’s electric car mandate
Under the Clean Air Act, states must abide by the federal government's standard vehicle emissions standards unless they at least partially opt to follow California's stricter requirements. Among them, Washington, Massachusetts, New York, Oregon and Vermont are...
Hiring activity remains stable in Aug; insurance sector witnesses steep growth: Report
The insurance sector, which posted an annual growth in hiring for the seventh time in a row, witnessed a steep year-on-year jump of 87 per cent. Hiring activity remained stable in August with a 6 per cent year-on-year growth, driven by the insurance sector, according...
Bombay HC issues notice to Central govt, Bill Gates, Serum Institute over plea on alleged Covid vaccine death
Dilip Lunawat in his petition, "blamed the Government and others for misrepresenting the facts about the COVID-19 vaccine by making false claims about its safety and 'forcing' medical practitioners to take the vaccine." Mumbai: The Bombay High Court issued notices to...
South Korea is bracing for the strongest storm in the nation’s history
Hinnamnor is forecast to be even more destructive than Typhoon Sarah in 1959, according to the meteorological administration. That storm killed more than 600 people and injured 2,533, and caused 249 billion won ($180 million) in property damage, according to the...
G7 finance chiefs agree on Russian oil price cap but level not yet set
The cap would rely heavily on denying London-brokered shipping insurance, which covers about 95% of the world’s tanker fleet, and finance to cargoes priced above the cap. But analysts say that alternatives can be found to circumvent the cap and market forces could...
Globally majority of those impacted by floods uninsured: Swiss Re
This year heavy rains have triggered floods that inundated cities in China and South Korea and disrupted water and electricity supply in India, while drought has put farmers’ harvests at risk across Europe Insured losses from floods doubled to $80 billion globally...
IRDA allows agents, brokers and other intermediaries to be on boards of insurance companies
The proposed director should not not be working in the capacity of the chief insurance executive / specified person or any other officer responsible for soliciting insurance business for or on behalf of the insurance agent, intermediary or insurance intermediary while...