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Shipping through Hormuz declines as Red Sea traffic drops to lowest since June 1: S&P Global
The report, said, "Crossings through the Strait of Hormuz reached...
ADB expands credit insurance programme with 4 global insurers, to unlock $2.5 billion lending across Asia-Pacific
Four insurers are—Sompo Japan Insurance, Mitsui Sumitomo Insurance,...
Govt,GIC Re and New India stitch up $100 million`Bharat Marine Pool’ with a sovereign guarantee, to re/insure war risks for vessels
The BNP will provide three kind of covers- Hull, Cargo and Protection & Indeminity(P&I) and has different sum assured for each of the segments which can be utilised on a floater basis for certain premiums. New Delhi:Looking beyond the ongoing West Asia crisis,...
Kasturi Sengupta takes over as new Secy General of GI Council
Kasturi Sengupta, Secretary General, General Insurance Council Sengupata had started her career at PSU general insurer National Insurance Company in 1989 and has managed multidimensional responsibilities over the years Mumbai:Kasturi Sengupta, 60, has assumed charge,...
US, Iran agree to ceasefire with reopening of Strait of Hormuz
President Donald Trump The eleventh-hour deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the strait, Trump said. The waterway typically handles about one-fifth of global oil shipments. WASHINGTON/DUBAI/CAIRO:The United States...
West Asia Conflict:Govt plans sovereign guarantees to support insurers covering vessels traveling in Persian Gulf
Maritime war risk insurance premiums have surged as much as 1,000% in some cases, as the Middle East conflict heightens risks to shipping through the region. The spike in premiums has sharply raised costs for shipowners, traders and energy firms moving cargo through...
IRDAI forms committee to review country’s current landscape of private health insurance
The committee will review the current landscape of private health insurance in India including coverage, penetration, claims experience, product design, grievance redressal and consumer experience. It will recommend regulatory,policy, and operational measures to...
EV retail sales in India up 24.6% at 24.52 lakh units in FY26: FADA
"FY'26 has been a watershed year for India's electric mobility story. Total EV retail across two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles stood at approximately 24.52 lakh units, growing nearly 24.6 per cent YoY, with every category...
SC warns insurers on not taking legal action on fraud claim cases
The SC Bench comprising Justices Ahsanuddin Amanullah and R. Mahadevan has issued warning to the insurance companies while examining a motor accident claim case [National Insurance Company(NIC) Vs K Saravanan] where allegations have been made that a forged insurance...
Strait of Hormuz:Trump risks confidence in U.S. role as guardian of global shipping
“The free flow of commerce through the strait is a larger principle at stake in this conflict.Failure to ensure freedom of navigation in Hormuz puts global freedom of navigation everywhere at risk,” said retired Vice Admiral John W. Miller, former commander of US...
Strait of Hormuz will never return to its former state, especially for US, Israel, vows Iranian Navy
As per Press TV, the IRGC Navy made the remarks in a post on X and also noted that the preparations are underway for the "announced plan" of Iranian officials for a new order in the Persian Gulf. Tehran:As tensions escalate in West Asia and the Gulf region, the...
GST Rationalisation:Indian auto sales hits all-time high growth in FY26, set to cross 3 crore mark, says FADA
Passenger vehicles (PVs) crossed the 47-lakh mark for the first time, growing 13 per cent, supported by a rich new-model pipeline, steady urbanisation, and the sustained shift towards SUVs and alternative powertrains, the FADA data showed. New Delhi: Indian automobile...