According to the latest IRDAI annual report for Fy 23-24, released...
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Shriram General Insurance settles Rajasthan accident claims in 24 hours
Shriram General Insurance Company (SGIC) has settled the motor...
Over 71.81 crore Ayushman Bharat Health Account numbers generated: Centre
Gender-wise utilisation shows that women account for 49 per cent of...
Three dead, 10 injured in fire at India’s Gujarat Fluorochemicals plant
The company did not give additional details about the fire, but according to local media reports there was an explosion at the site at around 10:00 a.m. local time that could be heard several kilometers away Shares of the company tumbled 8.4% earlier in the day on the...
Some EU insurers relied on relief measures during stress test, says watchdog
Industry body Insurance Europe said the results confirm the sector's ability to meet promises to customers under extreme 1 in 1,000 year events The next test for insurers, which could include climate-related elements, won't be until 2023 The test covered 44 insurers...
Refugees lack COVID shots because drugmakers fear lawsuits
So far there is scant information on COVID vaccine litigation, but claims made to out-of-court compensation programmes are one measure of the risk. A programme in the United States has so far not paid out anything, public data show; neither has one set up by the WHO...
US health tab hit $4T as gov’t opened spigot to fight COVID
The $4.1 trillion tab for 2020 represents an increase of about $365 billion from national health spending in 2019. It works out to $12,530 per person Washington:U.S. health care spending rocketed to $4.1 trillion last year as Congress opened the spigot of federal...
KKR to buy 10% stake in Shriram General Insurance ahead of IPO
The Chennai-based Shriram Group is selling the stake in Shriram General Insurance Co. ahead of a potential initial public offering that could take place as soon as 2022.The deal may be announced as early as next week, sources said Mumbai: KKR & Co. is nearing a...
Insurance industry joins initiative for decarbonising global shipping
"The disclosure framework provided by the Poseidon Principles will enable us to credibly report our progress towards net-zero insurance using granular marine data," Patrizia Kern, marine head at Swiss Re Corporate Solutions, said in a statement Other insurers and...
Omicron thrives in airways, not lungs; new data on asymptomatic cases
"By infecting many more people, a very infectious virus may cause more severe disease and death even though the virus itself may be less pathogenic. Therefore, taken together with our recent studies showing that the Omicron variant can partially escape immunity from...
Tesla hit by string of US sex harassment lawsuits
"Tesla's factory floor more resembles a crude, archaic construction site or frat house than a cutting-edge company in the heart of the progressive San Francisco Bay area," several of the suits claim The lawsuits -- filed within a month of two others -- add to the...
Volatile markets, US lawsuits, ESG issues and SPACs create new risks for managers:Allianz
“The actions and culture of organizations and their directors and officers are coming under heightened scrutiny from a wide range of stakeholders, with litigation risk a primary concern,” says Shanil Williams, Global Head of Financial Lines at AGCS London/New...
HSBC says clients must have plan to exit coal by end-2023
Under its plan, HSBC will cut exposure to thermal coal financing by at least 25% by 2025 and 50% by 2030, although non-EU or non-OECD-based clients could be funded until a global phase-out by 2040, its sustainability chief told Reuters HSBC said its new policy would...