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Israel-Hamas conflict: Major airlines suspend Tel Aviv flights until conditions improve
US air carriers United Airlines, Delta Air Lines and American...
Star Health Insurance launches Surrogacy Cover and Oocyte Donor Cover at no additional premium
“The policy requires that certain terms & conditions are...
Startups find new ways to assess risk and create new businesses tied to auto insurance
Data on everything from how frequently a car is booked, the type of vehicle rented, the destination, the amount of time between making a reservation and the trip, how hard the driver slams on the brakes to how punctual and friendly a person is on the drive could all be fair game for the industry.Startups like Turo Inc. and BlaBlaCar believe they can take this information and use it to find new ways to assess risk and create new businesses tied to auto insurance.
Govt launches 7th economic census in Delhi
New Delhi: The seventh economic census was launched in the national capital territory of Delhi on Friday. The Ministry of Statistics and Programme Implementation (MoSPI) has tied up with Common Service Centres Network (CSCN), a special purpose vehicle...
Weinstein,insurers,accusers have reached tentative $47 mn settlement
The money would be paid by Weinstein Co.’s insurance firms, according to the person, who asked not to be identified because the agreement isn’t yet public. The settlement would still require the approval of the courts and the parties involved. About a third of the money is expected to go to lawyers. Weinstein Co. is in bankruptcy proceedings
Trov and Sompo partner to expand global mobility solutions
Catering to the needs of new transportation businesses such as micro-mobility, car-sharing, ride-hailing, and autonomous vehicle fleets, the partnership will leverage Trov’s Vehicle Activity API to identify risks and create new experiences for the operators and customers of the mobility platforms, all based on data received from connected vehicles and devices.
Insurtech, Data help Canadian farmers cut lending, insurance costs
Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs. Collecting intricate crop data allows individual...
Boeing 737 MAX Planes to Remain Grounded Rest of This Year: FAA
Once the FAA clears the plane to fly and approves training changes, it will still take U.S. airlines 30 days or more to resume flights. Dickson told CNBC the FAA has not made a decision on pilot training requirements.
Insurers and brokers can’t set up TPAs as promoters:IRDAI
It is not immediately known in what ways new regulations will be applicable to four PSU general insurance companies , National Insurance Company, New India Assurance Company, United Insurance Company, Oriental Insurance Company and General Insurance Corporation of India, which are promoters of , Health Insurance TPA of India(HITPA), the common in-house TPA for four companies to handle health insurance claims. There are couple of insurance brokers who have set up TPAs.
AXA XL announces Collaboration with Slice Labs and Microsoft to Improve Cyber Risk Management
“This new level of integration with Microsoft and Slice Labs reinforces the fact that insurance is no longer an after the fact product that companies should use as a band-aid when an incident occurs,” said John Coletti, Chief Underwriting Officer, AXA XL’s cyber insurance team in North America. “We’re excited to bring a solution to market that only large enterprises have procured in the past to SMB’s who need it just as badly.”
French lottery operator FDJ secures counterparty risk insurance La Française des Jeux (FDJ), France’s historical lottery and main sports betting operator, has taken out a new comprehensive insurance policy with numerous top-tier French and international
According to the complaint, Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits
Achim Kassow inducted into Munich Re Board, to be in charge of Asia Pacific and Africa
Kassow will assume responsibility for Asia Pacific and Africa as well as for the central divisions Central Procurement and Services. He has been with Munich Re Group since 2016 and is currently Chairman of the Board of Management of ERGO Deutschland AG in Düsseldorf.