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K’taka CM Siddaramaiah writes to Delhi to expedite releasing drought relief funds
Siddaramaiah,Chief Minister,Karnataka The chief minister pointed...
Marsh partners with Ukrainian govt and insurers for cost-effective covers for Black Sea grain shipments
Denys Shmyhal, Prime Minister of Ukraine, said: “The launch of the...
Brazil reinsurer IRB eyes acquiring foreign competitors’ portfolios:Report
With the region’s economy side-swiped by the coronavirus-linked economic crisis, some global reinsurers are leaving or decreasing operations in Latin America to focus on their main markets in the United States and Europe, one source said, without revealing names.
UK’s Aviva expects COVID-19-related claims of nearly $200 Million
Aviva said on Thursday the “vast majority” of its commercial policies did not cover business interruption claims arising from COVID-19, but it had paid some claims in Britain and Canada where cover was in place.
UK insurers,banks prepare for return to office of the future
And while the 330-year-old Lloyds of London insurance market does not plan to reopen its underwriting floor before August, 40-50 “pathfinders” may start returning from June, its Chief Executive John Neal said.
Spike in cyber crimes amidst lockdown: Maha home minister
He said that there has been “a big rise” in crimes like spreading provocative content, rumours and objectionable posts against women and creating communal divide using social media platforms like WhatsApp, Facebook, Twitter, Instagram and TikTok.
Over 50% of urban Indians feel COVID-19 situation getting worse
When asked about their concerns regarding the COVID-19 outbreak, a large majority (73 per cent) are very or fairly worried about the pandemic”s long-lasting negative impact on the society and its severe impact on their finances (71 per cent), it added.
Confirmed Pakistan’s Airbus A320 Jet Crash death toll at 97 – airline CEO
Airbus said the jet first flew in 2004 and was fitted with engines built by CFM International, co-owned by General Electric and France’s Safran.
Australia clamps down on litigation funders following surge in class action lawsuits
Litigation funders provide financing for lawsuits in exchange for a share of any settlement or judgment. If the litigant loses, it does not have to repay the financial investor.
Maha fixes price cap on pvt hospitals treating COVID-19 cases
Non-government health care providers in Maharashtra have been asked to accommodate maximum number of patients with 80 per cent of the operational bed capacity to be regulated by rates sanctioned by the government.
72 dead in Bengal, have never seen such devastation: Mamata appeals to PM
The chief minister also announced a compensation of Rs 2 lakh to Rs 2.5 lakh for the family members of each of the deceased.
“So far as per the reports we have received, 72 people have died in the state due to Cyclone Amphan. Two districts North and South 24 Parganas are completely devastated. We have to rebuild those districts from scratch. I would urge the Central government to extend all help to the state,” West Bengal Chief Minister Mamata Banerjee said after conducting a review meeting with officials.
IRDA to revamp Trade Credit Insurance regulations,to make it more MSME friendly
In the Indian context, the present guidelines on TCI, issued in 2016, do not allow the insurance companies to offer full fledge benefits that provides much needed protection to suppliers and restricts TCI covers to banks and financial institutions.
With the Govt. of India’s initiative to improve businesses for the MSMEs, which are considered as the backbone of the national economic structure, it is also imperative to relax the trade credit insurance guidelines to support the business environment.