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3 PSU general insurers need Rs 94-102 billion capital infusion to meet solvency of 1.5, says ICRA
Neha Parikh, vice president and sector head – Financial Sector...
Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said...
Universal pricing system for COVID-treatment introduced in pvt hospitals: Kerala govt tells HC
The government said charges for various treatments, consumables, medicines, doctors and nursing should be made known to the public and will be monitored by the secretary Clinical Establishment Act.
”If any hospital is found to be charging more than the rates… they shall be levied a penalty which shall be ten times the additional charges by the concerned DMO(H),” it said.
Last week, the high court had directed the state government to take steps to introduce a uniform tariff rate for COVID-19 treatment at private hospitals.
Toyota-backed self-driving car Pony.ai partners with Luminar
James Peng, Pony.ai CEO said the startup chose Luminar’s Iris lidar for its performance but also as it can be integrated into the car better than traditional lidars.
“It’s actually starting to blur the line between what you see as a very well designed passenger vehicle and the monstrosities that have been on top of some of the AV test vehicles,” said Austin Russell, founder and CEO of Luminar.
Underwriters puzzle over how to make pandemics insurable again
U.S. company SpottedRisk has devised a model built on years of data on the political and economic environment of film locations in 150 countries, as well as a year’s COVID-19 shutdown data, to come up with a pricing mechanism to cover the risk of production stopping due to the pandemic.
Britain, the European Union and the United States are all looking at arrangements in which cover from commercial insurers would be backed by government reinsurance schemes. Such schemes could be less costly than business bailouts but the process of developing them is slow, as governments grapple with the problems at hand.
Europe dares to reopen as 200 millionth vaccine dose delivered
With 200 million vaccine doses delivered, the European Union is on track to achieve its goal of inoculating 70% of its adult population by summer, Commission President Ursula von der Leyen tweeted on Sunday.
Insurers can’t deny Carona covers to customers: IRDAI
All insurers, as applicable, are advised to continue offering Corona Kavach and Corona Rakshak Policies and also to renew these policies, said the IRDAI.
Non-life insurance cos register 22 pc growth in gross premium at Rs 17,310 cr in Apr
The five standalone health insurance providers witnessed more than 43 per cent jump in gross premium at Rs 1,259.23 crore as against Rs 809.20 crore.
Alamelu panel suggests 2 new Title Insurance products
The two new products which are suggested by the WG are- Legal Expenses Policy for Land Title Owners and Developers/Promoters and Retail Policy for Allottees, individual customers and financiers who purchase units in RERA projects.
Eli Lilly signs deals to boost supply of COVID-19 treatment in India
The three Indian drugmakers – Cipla Ltd , Lupin Ltd and Sun Pharma – will collaborate with U.S.-based Lilly to help make and sell baricitinib in India.The agreements will bolster India’s arsenal of drugs to battle its catastrophic second wave of the pandemic, which has led to an acute shortage of coronavirus medicines including remdesivir and tocilizumab.
Total vehicle registrations in India slips 30 pc to 1,52,71,519 units in 2020-21: FADA
”Recovery hence looks to take a longer time when compared to recovery which came after the first wave. The only ray of hope lies on the on time arrival monsoon which is likely to enter India through the southern coast around June 1,” it said.
PILs to safeguard children orphaned due to COVID: HC seeks stand of Centre, Delhi govt
A bench of Chief Justice D N Patel and Justice Jasmeet Singh issued notices to the Union ministries of home affairs, women and child development and health, the Aam Aadmi Party (AAP) government in Delhi and the city police, seeking their stand on one of the pleas moved by a lawyer, which has also asked for financial assistance for the families of the patients who died due to the alleged denial of healthcare such as hospital admissions, oxygen and medications.