“The procedure required for availing free medical treatment must be...
Category:
Non-Life
Latest
If new cars are safer, why are fatalities on the rise?
Roadway deaths in the U.S. are mounting despite government test...
Of 90 medicines for cancer, India gives out 42 at cheapest rates: Health Minister Mandaviya
'We are increasing (the number of) cancer hospitals and tertiary...
Reliance General Insurance scraps IPO plan; withdraws offer documents
DGCA asks GoAir to replace PW engines of 13 A30Neo aircraft within 15 days
The DGCA said on August 28 that about 40 percent of the domestic seat capacity in India is powered by PW engines and, therefore, any knee-jerk reaction to completely shut their operations will have serious consequences. As on August 28, IndiGo and GoAir had 92 and 35 A320neo aircraft powered by PW engines in India.
IndiGo places firm order for 300 A320neo family aircraft
“We are delighted that IndiGo, one of our early launch customers for the A320neo, continues to build its future with Airbus, making IndiGo the worlds biggest customer for the A320neo family, said Guillaume Faury, chief executive officer, Airbus.
TMK launches Cyber Ctrl in Asia
The product covers a range of first party losses including business interruption and provides clients with crisis management support in the wake of a breach. Traditional liability covers to protect against breaches of third-party data are also included as standard
Insurers start dropping fire coverage for California residents
“We are seeing an increasing trend across California where people at risk of wildfires are being non-renewed by their insurer,” state Insurance Commissioner Ricardo Lara said in a statement.The California Department of Insurance “has seen cases where homeowners were paying an annual premium of $800-$1,000 but, upon renewal, saw increases to as high as $2,500-$5,000,” a staggering rise of more than 300 percent in most cases.
Hong Kong unrest insurance claims at around $77 mn
Unrest in Hong Kong has led to damages of various mainland China-linked entities, most notably local rail operator MTR and lenders such as Bank of China. The $77 million insurance claim surpassed the $41 million linked with the SAR (severe acute respiratory syndrome) epidemic in 2003, according to the Hong Kong Federation of Insurers.
EU nations agree Brexit delay until January 31 as PM Johnson seeks election
The latest delay plan envisages that Britain could be out on Dec. 1 or Jan. 1 should parliament ratify the agreement in November or December respectively, according to diplomats who deal with Brexit in Brussels.But in London, there was no consensus on an election which Johnson says is needed to break the deadlock.
Global insurers face quiet strain from hacker ransom demands
Cyber experts say the criminals launching ransomware against companies are organised gangs in Russia and eastern Europe, or hackers sponsored by foreign governments. Insurers sometimes have restrictions in their policies to avoid covering attacks by nations, but it can be difficult to know for sure what type of criminal is launching an attack.
$4.36 bn deployed in InsurTech cos across 239 transactions in first 3 qtrs
Dr Andrew Johnston, Global Head of InsurTech at Willis Re, says: “The continuing rise in InsurTech investment acknowledges the enormous role technology has to play in our industry, but we need to avoid becoming a sector jaded and frustrated by it. Today’s InsurTech is as much about hype and entrepreneurial culture as it is about appropriate technology for the (re)insurance industry.
Ping An’s $22 bn push to shed old-school insurance skin
The firm has plowed $7 billion to date into technology and R&D and plans another $15 billion over the next decade. It’s spun off 10 tech startups, based around those five ecosystems in financial services, health care, real estate, automobile, and smart city, or government, services.