There are 56 at-risk glacial lakes in India and the urgency to...
Category:
Non-Life
Latest
Howden launches world first insurance innovation hub with £500m of delegated underwriting capacity
As new funding for the global insurtech sector continues to fall...
Irdai rejection raises more questions for Hinduja-led IIHL on source of funds for RCAP acquisition
The RBI-appointed Administrator of debt-ridden Reliance Capital...
Lawsuits over missing Malaysia plane belong in Malaysia, not U.S., court affirms
The decision is a new setback for plaintiffs from the United States, Australia, China, India and Malaysia who represented more than 100 Flight MH370 passengers, including from Japan.
Women win $13M in lawsuit against porn site in California
The judge also ordered the GirlsDoPorn website owners to prominently post in recruitment ads that videos would go on the internet. Women who sign up to make the videos must get copies of the legal agreement ahead of time and give permission before their names or personal information are used.
Swiss Re launches first parametric earthquake Cat bond to hedge mortgage risks
This transaction is the first catastrophe bond issued under Rule 144A with a parametric trigger that is designed to cover mortgage default risk caused by earthquakes in California, Oregon, Washington and South Carolina. Swiss Re Capital Markets acted as the sole structuring agent and joint-bookrunner.
US, Europe to test Boeing 737 Max from Jan 15; India to take a call later
In terms of India’s safety regulations, the Directorate General of Civil Aviation (DGCA) will conduct its own assessment tests, once the FAA-EASA test results are declared.
DPIIT to discuss data issues in draft e-comm policy with firms on Jan 14
Further, sources said that issues which needs to be looked upon include whether India should allow free flow of data across the border or inhibit or regulate it in some manner; and whether data localisation is required or not.
Iran apologises for plane crash, blames human error and ‘US adventurism
Meanwhile,Ukrainian Prime Minister Oleksiy Honcharuk said on Saturday that Ukraine would pay 200,000 hryvnia ($8,350) each to the families of those who died in a plane crash in Iran this week
Internal Boeing Messages Say 737 Max ‘Designed by Clowns’
An unidentified Boeing employee in a different text message exchange brags about swaying India’s regulator “to make them feel stupid about trying to require any additional training requirements.”
Auto sector records worst-ever sales decline in two decades in 2019: SIAM
Similarly, total passenger vehicle sales during 2019 declined by 12.75 per cent to 29,62,052 units as compared with 33,94,790 units a year ago. This is the worst performance in the segment since 2013 when sales witnessed a dip of 7.49 per cent.
Insurers have to pay interest if health claims are delayed beyond 30 days:IRDAI
The insurer cannot not repudiate the policy on the ground of fraud, if the insured person / beneficiary can prove that the misstatement was true to the best of his knowledge and there was no deliberate intention to suppress the fact or that such mis-statement of or suppression of material fact are within the knowledge of the insurer. Onus of disproving is upon the policyholder, if alive, or beneficiaries
General insurance industry grows by 15 % to Rs 1,42 trn in Apr-Dec period
Except ICICI Lombard General Insurance and DHFL General Insurance who have de-grown their premium by eight per cent and 37 per cent respectively,rest of the players have expanded their premium income in Apr- Dec period of the fiscal.