The ministry suspects that both engines shut down shortly before...
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2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit in Mumbai on Jan 20
2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance...
CoreLogic estimates California wildfire insured losses at $35 to $45 billion
This analysis of both residential and commercial properties...
India’s insurance penetration expands by 12% to 4.20% 2020-21,non-life penetration hits 1%
Atul Sahai, CMD, New India Assurance and chairman of General Insurance Council Non-life insurance penetration touching 1 per cent is a very important milestone for the Indian non-life insurance industry. Despite being an extremely challenging year the non-life...
Philippine supertyphoon Rai ‘exceeded all predictions’ – forecaster
While it's unclear exactly how global warming is affecting the intensification of such storms, the UN's climate change agency has found it is "likely that the frequency of rapid intensification events have increased over the past four decades" as temperatures rise....
Govt appoints non-official directors on boards of NIA,GIC Re and OIC
However, the ministry of finance has not selected any body for the IPO bound Life Insurance Corporation(LIC) which has provisions for two independent directors New Delhi:The government has appointed independent directors on board of various public sector insurance...
Center tells states to be on the alert as Omicron cases double
Health Secretary Rajesh Bhushan mentioned that initial evidence shows that Omicron is at least three times more transmissible than the Delta variant. Kindly activate the War rooms/EOCs (Emergency Operation Centre) and keep analysing all trends and surges, no matter...
Fire at IOCL’s Haldia Refinery kills three, injures several
''The primary cause seems to be a flash fire leading to burn injuries to 44 persons and 3 persons have unfortunately succumbed to their injuries,'' it said. Three persons were killed and 44 others suffered injuries in a fire that broke out in the Haldia Refinery of...
Mahindra group signs pact with Maha govt to set up vehicle-scrapping units
"Cero aims to create a network of world-class facilities across Maharashtra and India. Our centres will provide a platform for customers to scrap their vehicles in environment friendly manner and avail the benefits on purchase of newer vehicles which will be linked to...
No evidence to suggest that existing vaccines don’t work on Omicron: Govt
"There are limited available data, and no peer-reviewed evidence, on vaccine efficacy or effectiveness to date for Omicron," Union Health Minister Mansukh Mandaviya said in a written reply New Delhi:There is no evidence to suggest that existing vaccines do not work on...
RS Filmcraft infuses Rs 5 cr in Go Digit General Insurance
RS Filmcraft (OPC) has invested Rs 50 million in Go Digit General Insurance, the insurer said in a release. Bengaluru-headquartered Go Digit has raised funding amounting to around Rs 990 crore from its parent company Go Digit Infoworks Services Pvt Ltd, backed by...
More women beneficiaries joining insurance schemes PMJJBY, PMSBY, says govt
The schemes have seen significant growth in terms of the cumulative number of women enrolled in these schemes, the minister said. Under PMSBY there are 10,26,45,751 women beneficiaries and under PMJJBY there are 3,42,40,254 beneficiaries As many as 1,60,925 women were...
Delhi HC seeks Govt’s response on BBB’s power to select UII CMD
Legal observers point out that it will be interesting to watch how government will be responding to Delhi HC’s notice on an issue which not only affects Tripathy’s posting but also whole host of top level appointments in the public sector insurance companies in...