On Budget expectations, Anup Rau, Managing Director and Chief...
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LA blaze damage likely to be largest wildfire insured loss in US history
Estimating insured losses is difficult given that fires are not...
India likely to become world’s 3rd largest economy by 2030: Swiss Re
India’s insurance market projected to be the G20’s fastest-growing...
BMW recalling 917,000 U.S. vehicles over engine fire concerns
The latest recall includes numerous vehicles built between 2006 and 2013, including some 1 Series, 3 Series, X3, 5 Series, X5 and Z4 models because the heater for the positive crankcase ventilation valve (PCV) may short-circuit and in extremely rare cases could...
Marine insurers widen high-risk area as Ukraine conflict escalates
The new high-risk areas also extend to various inland waters and sections of the high seas, underscoring the increasing dangers. “There is clearly a growing nervousness around the region in the insurance market, especially in relation to the Black Sea,” said Marcus...
Climate change making Australia a more difficult place to live: PM Scott Morrison
“Australia is becoming a harder country to live in because of these natural disasters,” Morrison told reporters on Wednesday, adding that the world was dealing with “a different climate to the one we were dealing with before” Prime minister Scott Morrison Australia’s...
Indian non-life industry grows by Rs 814 cr in February: IRDAI
According to the Insurance Regulatory and Development Authority of India (IRDAI), general insurers booked a total premium of Rs 16,560.99 crore last month as against Rs 15,746.99 crore earned in February 2021 Industry leader and government owned New India Assurance...
Australia to declare east coast floods a national emergency
The declaration means flood victims won't have to provide identification documents to receive support payment and in some circumstances the federal government can act independently in areas where the state governments haven't requested help. Canberra: Australia's...
Lessors face legal quagmire as Russian plane repos stall
Western bans imposed after Russia's invasion of Ukraine give most leasing firms until March 28 to sever ties with Russian airlines - sparking a game of cat-and-mouse from Asia to Africa as lenders frantically try to seize aircraft Leasing companies are terminating...
Britain announces new aviation sanctions against Russia
The new measures would also prevent aviation and space related exports including insurance and re-insurance. This will mean cover is withdrawn on existing policies and British-based insurers and reinsurers will be unable to pay claims on existing policies in these...
Insurers refuse to pick up tab for billions in Opioid claims
The legal battle revolves around whether insurance claims can be denied if policyholders created a "public nuisance" by improperly marketing addictive painkillers. This is the claim made by communities across the United States seeking restitution from drug...
India, Bangladesh, Nepal finalise MOU for implementation of BBIN Motor Vehicles Agreement
The meeting was held to discuss the passenger and cargo protocols that are essential to operationalise the BBIN MVA for the regulation of passenger, personal and cargo vehicular traffic between Bangladesh, Bhutan, India and Nepal, signed on June 15, 2015 New Delhi:...
Hong Kong’s zero-COVID fight takes mental toll on society, experts say
The mental wear and tear for many of the city's 7.4 million residents often comes not from getting the virus but from the policy and messaging from authorities, prompting panic and anxiety, health experts said The burden falls more disproportionately on society's most...