“In line with the ceasefire in Lebanon, the passage for all...
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Global Cat Report:Q1 of 2026 records $37 bn of economic losses and $20 billion of insured losses
The report highlights Q1 economic losses of at least $37 billion...
Beazley launches a new Marine War consortium,to provide $1 billion of Lloyd’s capacity
Adrian Cox, CEO at Beazley, said,“I’m proud that the Marine market,...
Irdai chairman Ajay Seth launches Bima Sugam website
``The launch of the website today is an important milestone, and I am confident that with collective industry commitment, the vision of 'Insurance for All by 2047' — as part of the Prime Minister's mission of Viksit Bharat 2047 — will become a reality. Ajay...
Sebi to engage with govt to allow banks, pensions funds to invest in non-agri commodity derivatives
"We will also engage with the government to consider banks, insurance companies and pension funds to trade in these (non-cash, non-agricultural) markets," chairman Tuhin Kanta Pandey said Mumbai:Sebi will "engage" with the government to allow banks, insurance...
Bajaj General Insurance wins Rs 374 crore PMFBY claim case against Maha Govt in Bombay HC
In its verdict, the Bombay High Court dismissed the Maharashtra government's plea by saying ."The data provided by the State itself shows that in case of all the 42 circles of Osmanabad concerning the notified crop Soybean, there was no actual loss suffered. This was...
Allianz Trade in Asia Pacific appoints Hassan Omaish as CEO for Hong Kong Hub
Allianz Trade in Asia Pacific has appointed Hassan Omaish to the role of CEO for Hong Kong, South Korea and Taiwan (collectively Hong Kong Hub) with effect from 1 October 2025. He will succeed Edmond Lee who is retiring after spending 12 years with the company. Omaish...
US calls on G7, EU to impose tariffs on China, India over Russian oil purchases
A U.S. Treasury spokesperson called on G7 and European Union allies to impose "meaningful tariffs" on goods from China and India to pressure them to halt their purchases of Russian oil WASHINGTON: Group of Seven nations' finance ministers discussed in a call on Friday...
General insurers’ body asks AHPI to withdraw its warning against Star Health and ensure uninterrupted cashless services
AHPI has proceeded with its unilateral action, signalling a preference for disruption over collaboration to improve customer service and protect patient interests, alleged the GI Council Mumbai: General Insurance Council(GI Council), the official representative body...
“Initial payouts not sufficient,” claims Mike Andrews, US lawyer for Air India 171 crash victims
Asked about initial payments being offered by Air India to the families, Andrews dismissed them as insufficient. "No, that payment is not going to be sufficient over the rest of their lives," Mike Andrews, a lawyer based in Montgomery, Alabama said The lead US...
Monsoon disasters claims 386 lives, cause losses of Rs 4,465 crore
The cumulative monetary loss is pegged at ₹4,46,574.93 Lakh (₹4,46,5 crore), the bulk of which comes from damage to roads, power, water supply, agriculture, horticulture, education, fisheries, and rural development infrastructure - ₹2,71,879 Lakh in damage to roads...
New IRDAI chief Seth to meet insurance CEOs on Sept 17
Ajay Seth, chairman, IRDAI Though, basically it will be a welcome meeting for the insurers, Seth will use the forum to discuss a few things including the action plan by the insurers to implement the new goods and services tax (GST) plans announced by the government on...
Hospitals’ body warns Star Health against unfair practices, cautions on suspending cashless services
“Unless Star Health Insurance takes definitive steps to address the concerns expressed by member hospitals in a timely manner, AHPI and its member hospitals may be constrained to take appropriate action, including withdrawal of cashless services for the policyholders...