Burman Group, through its Dabur Invest Corporation, has already...
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Delhi’s new govt approves implementation of Ayushman Bharat Yojana
Rekha Gupta,Chief Minister, Delhi At her first presser, Gupta said...
Some tankers in Mediterranean Sea visiting Russian ports hit by mystery explosions
“All the indications are that these have been deliberately...
Japan’s Suzuki, SkyDrive sign deal to develop, market ‘flying cars’
The company, which is also developing cargo drones, aims to launch a 'flying car' service in Osaka in 2025 when the Japanese city hosts the World Expo. For Suzuki, the partnership will add 'flying cars' as a fourth mobility business, in addition to automobiles,...
Insurers face substantial losses from planes grounded in Russia, may lead to hardening of premiums: Fitch Ratings
Multi-billion-dollar aviation insurance claims could have significant knock-on effects on the aviation insurance market. ``We would expect insurers and reinsurers to respond by increasing premiums, incorporating more exclusion clauses in their contracts, and cutting...
GIC Re’s Madhulika Bhaskar appointed as acting CMD of New India Assurance
Madhulika Bhaskar Unlike the old practice, where normally two general managers of a PSU general insurance company, where the vacancy is occurring, are given charge as an interim arrangement till a regular CMD is appointed, this is for the first time, a general manager...
Star Health launches exclusive cover for people above 50 years
The Star Health Premier Insurance Policy offers benefits such as Home Care Treatment for specified conditions (up to 10% of the sum insured subject to a maximum of Rs.5 lakhs), cover for inpatient hospitalization expenses and day care treatments under Ayush Treatment,...
GKB Opticals ties up with Toffee Insurance for eyewear-cover
GKB Opticals, India’s oldest and largest retailer of optical products, has partnered with Toffee Insurance to provide innovative vision and eyewear-related insurance solutions for its customers. Insurance solutions will include eyewear theft and damage, and also...
New Zealand enacts a new law to modernise natural hazard insurance
The Bill’s name - Natural Hazards Insurance Bill - recognises the fact that EQC’s mandate extends further than just helping people recover from earthquakes. In fact, its insurance scheme also covers landslips, volcanoes, tsunami and hydrothermal activity. Making this...
Telemedicine booms in S.Korea amid COVID,President-elect Yoon backs practice
A total 2 million people are under home care for COVID in the country. While there are two doctors per 1,000 people on average in South Korea, only six of 17 cities and provinces meet the average, showing how health care is thinner in many parts This gap in...
Boeing’s tenuous recovery shaken by 737 Jet crash in China
It’s too soon to know what caused the China Eastern accident, and investigations can take months or years to unfold. The lost airplane was relatively young, flying commercially for about seven years. Leading causes of such accidents tend to be maintenance issues,...
Govt yet to choose PSU general insurers to be privatised: Karad
Bhagwat Karad, minister of state, ministry of finance As per inputs received from Department of investment and Public Asset Management(DIPAM), the government has not yet decided on the public sector general insurance companies that are to be privatised The government...
Berkshire Hathaway to buy Alleghany for $11.6 bn in return to dealmaking
Warren Buffett, chairman, Berkshire Hathaway Inc Buffett is diving deeper into the world of insurance with the Alleghany deal, an industry that has been key to the growth of Berkshire into a conglomerate with a market value of more than $750 billion With Alleghany,...