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Kerala govt withdraws Nipah related restrictions in Kozhikode
However, the collector urged people to continue their vigil against...
Monsoon rainfall deficit at 6% below normal
While northwestern India (2 per cent above normal) and central...
Fairfax exits ICICI Lombard; sells stake worth Rs 2,627 crore
On Wednesday, FAL Corp offloaded little over 2.23 crore shares in the insurer at a price of Rs 1,177.64 apiece. At that price, the sale is worth around Rs 2,627 crore, as per bulk deal data available on the National Stock Exchange.
Health insurance prms are on the rise in 97 countries, Pacific Prime finds
Of the 100 countries, the average international health insurance premiums for individuals ranged from USD $8,887 in the US to USD $2,728 in Thailand. Meanwhile, the average international health insurance premiums for families ranged from USD $26,883 in the US to USD $10,842 in Thailand.
Proposed scrappage policy may not revive demand for new CVs: India Ratings
In May 2016, the government had floated a draft Voluntary Vehicle Fleet Modernisation Programme (V-VMP) that proposed to take 28 million decade-old vehicles off the road.
London retains status as top global financial services center, despite Brexit chaos
British data shows the total number of people employed in the City between 2016 and 2018 overall rose by 31,000, though the total number of people employed specifically in banking and insurance is down 3,000 over the period.
AXA to exit non-core bix, to focus on Asian expansion
AXA is now focusing on expanding in Asia, after its $15 billion acquisition of Bermuda-based insurer XL last year and its listing of U.S. life insurance and asset management unit AXA Equitable Holdings.
Ratan Tata to invest in Tork Motors
“In the last few years, there has been a sea of changes in the attitude towards electric vehicles. This industry is changing rapidly and I place good value on the sound logic and the approach that the team at Tork Motors has taken,” Tata Sons Chairman Emeritus Ratan Tata said in a statement.
MS Amlin exits aviation insurance market
As a result of the strategic review, on Oct. 1, MS Amlin announced it was exiting nine classes of business and operations (including aviation), which no longer form part of its future strategic direction. The business classes were: P&C UK Insurance (Corporate Property, Real Estate, Casualty, Package Binders, Fleet) and Aviation, while operations were Bloodstock in P&C International; UK Yacht (previously Haven); AUA Insolvency Risk Services.
Daimler Recalls Thousands of Mercedes-Benz Vehicles over Diesel Emissions
In June, Daimler issued a profit warning and announced an increase of legal provisions by a high three-digit million euros amount, to cover various ongoing governmental proceedings and measures relating to diesel vehicles.
Why strong monsoon rains are not necessarily good news for Indian farmers
While crops in the ground have been damaged by the monsoon, the rains have replenished reservoirs and ground water reserves, which augurs well for India’s rural economy in 2020.
Cracks found on 5% of older Boeing 737 planes in inspections
Aircraft with 22,600 to 29,999 flights must be inspected over the next 1,000 flights. There are about 6,800 737 Next Generation jets in service around the world, so the cracking has so far affected less than 1% of the entire fleet.