The case is the latest example of how oil traders and shippers are...
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Fragile truce tested as U.S. and Iran exchange fire in Strait of Hormuz”
The U.S. military said on Monday it destroyed six Iranian small...
QatarEnergy extends force majeure on Edison LNG supply to early July
Based on the information received so far, Edison now expects a...
China’s EV boom saddles its auto insurers with large losses
Despite EV drivers paying anywhere from 20% higher to double the premiums for traditional cars, China’s auto insurers have been nursing losses from covering new energy vehicles for at least three years. The industry lost 5.7 billion yuan ($802 million) from...
Airport chaos highlights rise in high-profile ransomware attacks: cyber experts
The European Union's cybersecurity agency ENISA confirmed on Monday that the hack on Collins Aerospace, owned by RTX , was a ransomware attack, but did not say where the attack originated from. The outage, which hit check-in and baggage drop services, has affected...
US major Everest Re receives license for GIFT-IFSC venture
“Everest’s launch in India presents significant opportunity, as one of the most dynamic reinsurance markets globally, shaped by strong economic growth, and rising demand for the advanced, long-term reinsurance solutions we offer,” said Jill Beggs, Executive Vice...
Insurers start passing on full benefits of zero GST on retail Life and Health covers
``The net outgo for individual consumers has been reduced for products like Health Insurance, Personal Accident & Travel Insurance, maintaining the same policy coverage and claims servicing standards'' Naveen Chandra Jha, MD and CEO, SBI General Insurance New...
Super Typhoon Ragasa barrels through northern Philippines, triggers alerts across Asian region
Packing winds of 215 kph (134 mph) and gusts of up to 295 kph (160 mph), Ragasa slightly intensified as it brushed Babuyan Island and headed for possible landfall over Calayan Island, raising the risk of storm surges exceeding three metres (nine feet), the state...
Domestic investors buy record Rs 5.3 lakh crore worth equities in 2025 to date, Insurers and pension funds add more than Rs 1 lakh crore
Foreign institutional investors (FIIs) remained net sellers, dumping Rs 1,80,443 crore so far in 2025 after selling Rs 1.21 lakh crore last year New Delhi: Even with a quarter remaining in 2025, domestic institutional investors have net bought a record Rs 5.3 lakh...
‘GST bachat utsav’: Taxes on wide range of goods, services to be reduced starting Monday
Underlining that the mantra of ‘Nagarik Devobhava’ is clearly reflected in the Next Generation GST reforms, the PM highlighted that when the income tax relief and GST reductions are combined, the decisions taken over the past year will result in savings exceeding ₹2.5...
Walter Voigts-von Forster to lead Munich Re Africa Branch
Walter Voigts-von Forster, CEO-designate, Munich Re Africa Branch Voigts-von Forster will continue to be Head of Non-Life for Munich Re Africa in addition to his CEO responsibility. This appointment is effective from 1 February 2026 and is subject to regulatory...
Justice Surya Kant launches MP HC’s dashboard for motor accident claims
"The dashboard would serve as a central repository, where information related to the amounts deposited in connection with compensation awarded under the Motor Vehicles Act and the Employees' Compensation Act had to be uploaded regularly, along with complete details,"...
Insurance Scam: Madras HC orders 467 FIRs against fake motor accident claims
After a petition was filed in the Madras High Court by Cholamandalam MS General Insurance in 2021 over a network of fake insurance claims filed with forged documents across Tamil Nadu, the Court had directed the Director General of Police (DGP) to establish a Special...