David Howden CBE, CEO, Howden said: “We have already built up a...
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79% of Indians unsure if their insurance policy offers adequate coverage: Survey
Saurabh Vijayvergia, founder & CEO, CoverSure, said, “This...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be...
Park outside: Fire risk prompts Hyundai, Kia hitch recalls
The Korean automakers are recalling more than 281,000 vehicles in the US because of the problem, but they haven't figured out how to fix it yet. The automakers reported 25 fires or melting incidents in the US and Canada caused by the problem, but no crashes or...
Govt making investments on six fronts to strengthen healthcare services: PM Modi
Prime Minister Narendra Modi The first front is encouraging prevention healthcare. The second one is opening small and modern hospitals. The third front is opening big institutes of medical colleges and research. The fourth front is increasing the number of...
General insurers can pay commissions to intermediaries upto 20% of their gross premium: IRDAI
After setting stiff premium targets for the insurers, the IRDAI in its ``Exposure draft- Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022'' has...
Universal Sompo Gen Insurance partners with Repco Home Finance to insure home loans
Universal Sompo General Insurance has partnered with Chennai based Repco Home Finance Ltd to insure their home loans This partnership will, additionally, disburse affordable insurance solutions from Universal Sompo General Insurance like Group Credit Protection,...
NTPC to foray into Nuclear power projects, plans 2 nuclear plants
The country currently generates about 70% of its electricity using coal and around 3% from nuclear, and has opened its atomic industry to state-controlled firms beyond Nuclear Power Corp. of India Ltd. in a bid to speed adoption of nuclear energy New Delhi: India’s...
Govt to unveil revamping strategies for 4 PSU general insurers on Aug 27, allows each company to decide its own salary structures in next wage revision
CMDs and general managers of GIPSA member companies in the presence of Saurabh Mishra, joint secretary, DFS, will meet the union officials of the industry in Faridabad on 27th August to discuss the revamping plans of the companies on the basis of the diagnosis of...
Jury asks Ford Motor to pay $1.7 billion over an accident killing a Georgia couple
In Georgia, 75% of proceeds from punitive damage verdicts go to the state. The rest is split between the plaintiffs and the lawyers. Ford Motor Co. was told by a jury to pay more than $1.7 billion over a 2014 rollover accident that killed a Georgia couple, a lawyer...
Japan’s Hino Motors confirms a widespread data falsification scandal, suspends shipments of small trucks
Truck and bus maker Hino’s President Satoshi Ogiso told a news conference that during a transport ministry investigation additional misconduct regarding emissions was found that affects more than 76,000 vehicles Japan’s Hino Motors will suspend shipments of small...
Japanese chemical tanker ship crashes into a cargo ship off the coast of southwestern Japan
No one was injured among the six Japanese crew members aboard the tanker Ryoshinmaru and 14 Chinese crew members aboard the Belize-registered cargo ship Xin Hai 99 A Japanese chemical tanker ship crashed into a cargo ship off the coast of southwestern Japan, the coast...
Centre signs headquarters agreement with Coalition for Disaster Resilient Infrastructure
P K Mishra, Principal Secretary, Prime Minister's Office PK Mishra, Principal Secretary, Prime Minister's Office, and CDRI Governing Council Co-chair said, "It is a landmark moment for CDRI, to be recognized as an independent international organization, with a Charter...