The claim alleges that the floods, which closed the Prospecton...
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DGCA puts in place special audit framework for ‘360-degree’ safety evaluation of Indian aviation ecosystem
The audit framework will cover the entire range of aviation...
Iran-Israel war escalation to impact India’s trade with West Asia, say experts
Nearly 30 percent of global oil and a third of the world's LNG...
Munich Re’s profit slumps, investment portfolio takes a hit of almost $1 billion
The reinsurer already wrote down the value of Russian and Ukrainian bonds by almost 700 million euros in the first quarter, and also booked about 200 million euros in war-related reinsurance costs in the first half of the year The Munich-based company wrote down the...
“Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile”
The initiative has been operating in a trial phase for the past two weeks. Ten ships – stuck in Ukraine since the war started – have departed with corn, soybeans and sunflower oil and meal. Two empty vessels have traveled to Ukraine to collect shipments. The biggest...
IRDAI is yet to take any decision on “disclosure of commission on the policy document”:Minister Karad
Bhagwat Karad, minister of state, ministry of finance IRDAI has informed that they have not received any complaint raising the issue of difficulties faced by individual agents of public general insurance due to cut and pay system of some private insurers who offer...
AI reported 184 tech snags in last 1 year, IndiGo 98, SpiceJet 77: Govt
An aircraft may experience technical snags due to malfunctioning of components or equipment fitted on the aircraft, he said These technical snags are reported by the flight crew on receiving an aural or visual warning in the cockpit or when there is an indication of...
Argenta to wind-down Singapore platform
This change follows a decision by the ASML Board to re-allocate capacity to other underwriting opportunities worldwide, including AUA’s branch offices in Australia which are unaffected by the decision in respect of the Singapore business In due course, it is expected...
Malaysia to offer crop insurance to push food security Push
The Agro-Food Takaful Insurance Scheme will be launched through the Ministry of Agriculture and Food Industries and will initially be offered to the nation’s 189,500 rice farmers, Prime Minister Ismail Sabri Yaakob said. The insurance cover will be expanded in stages...
General insurers start chasing IRDAI’s premium targets
General insurers posted a 20.82 percent growth in premium collection at Rs. 77,884 crore during the four-month period-till July- as against a 23 percent growth at Rs. 54,492 crore in the three-month period ended June 2022. After de growing in June, state owned...
Drought Risk: Soren seeks special package for J’khand, Bihar MP asks Centre to declare state drought-hit
Hemant Soren,Chief Minister,Jharkhand "This year, the state so far registered 50% deficit rainfall, with less than 20 per cent of the paddy sowing target achieved. Jharkhand is inching towards drought. I urge the Centre to approve a special package for Jharkhand in a...
Irdai to revamp grievance redressal mechanism, to rename it ‘Bima Bharosa’
The robust and effective mechanism would allow easy on-boarding of the complainant and s/he has to fill only eight mandatory fields to lodge the grievance. The landing page is simple with a clean design. It focusses on two actions -- namely 'register a new complaint'...
Revamped plan to check air pollution in Delhi-NCR to come into force from October 1
If the situation turns ''severe'' (Stage III), authorities will have to enforce a ban on construction and demolition activities in NCR, except on essential projects (like railways, metros, airports, ISBTs, national security/defense-related projects of national...