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Automobile retail sales rise 7% in January, PV segment up 16%: Fada
"Our observations indicate that each vehicle category --2W, 3W, PV,...
LA wildfire losses can touch $164 billion, report says
Insured losses are estimated at $75 billion.The disaster will...
Some Indian regions have hottest April in 122 years, no respite in May: IMD
Mrutyunjay Mohapatra, director general of India Meteorological Department (IMD), said parts of northwest and west central India--Gujarat, Rajasthan, Punjab and Haryana--will continue having normal temperatures in May as well The heatwave could affect agriculture by...
Indian Inc mandatorily has to report all cyber incidents to CERT-In: Govt
.“To effectvly fight cybercrime, all companies n enterprises must mandatorily report cyber incidents to @IndianCERT, New #CyberSecurity directions for a #SafeAndTrusted Internet issued under Sec 70b of IT Act,” said Union Minister of state for Electronics and IT...
Generali CEO Donnet survives but faces rebel pressure
Philippe Donnet, CEO,Generali, “The unambiguous choice of a majority of shareholders is proof of the confidence they have in our management team and strategic plan,” said Donnet, who enjoyed the backing of leading investor Mediobanca and Generali’s institutional...
Allianz toughens oil & gas policy to help meet climate goal
With pressure mounting to accelerate corporate efforts to reduce emissions, Allianz announced that beginning in 2023, it would cease issuing new property and casualty insurance to fund new oil and gas projects and would cease renewing existing contracts in July 2023...
Gujarat: 3 Officials, Surveyor, Private Firm Owner Convicted for Insurance Fraud
As per the case registered by the CBI in January 2003 on a complaint from NIACL's Mumbai office, the accused, in conspiracy with the private persons and surveyors, had issued open marine policies in the name of a non-existing firm called Falcon Industries, Vadodara,...
Climate change: 4% of global GDP could be lost by 2050, Indian subcontinent to be badly hit
Bangladesh, India, Pakistan and Sri Lanka's exposure to wildfires, floods, major storms and also water shortages mean South Asia has 10%-18% of GDP at risk, roughly treble that of North America and 10 times more than the least-affected region, Europe Climate change...
Record global InsurTech funding of $15.8 billion in 2021:Report
By the end of 2021, an enormous $41.65 billion had been invested globally into InsurTechs across 2,249 deals in 63 countries. It included 99 mega-round deals, which accounted for $21.88 billion of the total. Therefore, more than half of all the investment (52%)...
Exxon declares force majeure on Russian Sakhalin-1 operations
The Sakhalin-1 project produces Sokol crude oil off the coast of Sakhalin Island in the Russian Far East, exporting about 273,000 barrels per day, mainly to South Korea, and to other destinations including Japan, Australia, Thailand and the United States Exxon said on...
ONGC struggles to ship Russian oil to Asia as sanctions bite
Moscow’s ability to ship that grade, which requires vessels that can break through ice, is becoming harder due to concerns from shippers over reputational risk and the increasing difficulty for Russian assets to find insurance coverage New Delhi: India’s Oil and...
ManipalCigna Health’s new product to provide cover to diabetes, obesity patients with 90 days waiting period
Prasun Sikdar, managing director and CEO, ManipalCigna Halth Insurance The product offers cashless services even for OPD expenses, industry first feature `Switch Off' that allows customers to switch off the cover while travelling abroad from second year onwards, for a...