Shivraj Singh Chouhan, Union Minister for Agriculture and Farmers’...
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US allies see no way of opening Hormuz Strait during war
European capitals are preparing to combine military and insurance...
US sending Marines and amphibious assault ship to Middle East, officials say
Even if the conflict does stop soon, there will be no rapid...
Centre pushes financial inclusion with insurance, health schemes for all
Pankaj Chaudhary,Minister of State for Finance According to the minister, to streamline access, the government has also launched a Jansuraksha portal with detailed information on the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima...
GST Revamp: Tax on premium for Rs 5 lakh Health and Term life insurance may be slashed to 5% or even zero from 18%, sources say
Shares of insurance companies such as ICICI Prudential , SBI Life, and LIC jumped 2%-4%.The rise in auto, insurance and consumer firms stocks helped the wider market rise over 1% Analysts have said as per the current rules, the GST rate of 5% or zero does not qualify...
Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary
In a letter made public on Monday, the Justice Department said the subsidiary, Liberty General Insurance, paid $1.47 million in bribes to six state-owned banks, which in exchange referred customers to its insurance products. Washington: US insurer Liberty Mutual will...
Lockton hires Darshan Parikh from Marsh
Lockton, has announced the appointment of Darshan Parikh as senior director, corporate solutions group (CSG).He was with Marsh Insurance Brokers, where he led the Marine, Aviation, and Facultative Reinsurance businesses. With over 15 years of experience in global and...
Shadow tanker fleet grows more slowly as Western sanctions target Russian oil
Together with U.S. restrictions, they mean more than 440 shadow fleet tankers face sanctions, including tankers Moscow needs to ship oil to its biggest buyers, China and India Dozens of tankers have joined the shadow fleet this year compared with hundreds in previous...
AI’s Ahmedabad Disaster: Crash victim’s son moves US Federal Court against Boeing
"We have hired Mike Andrews. We expect the raw details of information from the black-box to come before us at the earliest so that we can make further decisions regarding the next course of steps, along with our lawyer. In India, trials get dragged out for years. We...
African lender weighs claiming Lloyd’s payout on Zambia debt
TDB — together with the African Export Import Bank — has found itself at the center of an increasingly contentious debate about including the lenders’ facilities in sovereign-debt restructuring on the continent. While Afreximbank is adamant it won’t participate, TDB...
Swiss Re tackles longevity drug impact with life policy advice
Metformin, traditionally used to manage type 2 diabetes, and rapamycin, an immunosuppressant developed for organ transplant recipients, are part of a growing list of substances being explored for anti-aging purposes, Swiss Re said. In some cases, the medications are...
Nigeria insurance stocks gain most in almost 20 yrs on new law
The law, approved by Nigeria’s President Bola Tinubu, which makes insurance for property and other assets mandatory. encourages digitization and the creation of dedicated policyholder protection funds, is expected to transform the insurance industry in Africa’s most...
1,114 hospitals de-empanelled, 1,504 penalised under Ayushman Bharat Insurance scheme
"Suitable actions including de-empanelment of 1,114 hospitals, levying penalty worth Rs 122 crore on 1,504 errant hospitals and suspension of 549 hospitals have been taken against fraudulent entities as reported by the states and UTs," Minister of State for Health and...