A total of 3,51,091 farmers have taken Re 1 (premium) crop...
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Swiss Re ordered to pay former underwriter $1.6M for sexism, unfair dismissal
Ms. Sommer was awarded 1.29 million pounds in a ruling published on...
NHRC wants Irdai to ensure insurers offer hassle-free health products to the disabled
insurers are limiting the coverage to those with benchmark...
Insurers waive terrorism exclusions for Christchurch shooting victims
“While our policies exclude acts of terrorism, AA Insurance will be providing cover for claims made following the attack in Christchurch on Friday,”
Tougher Asian markets need different approach to risk and insurance driven by data analytics
“Too often, we hear clients struggle to quantify the financial impact and likelihood of risks to their business. Today, companies need to know, with certainty, that the insurance strategy they have in place is exactly right for their business. With new and emerging risks on the accelerated rise, they need to adopt a data-driven and actuarial approach to support all aspects of their insurance procurement process to yield better business outcomes,” adds Scott.
General Insurance industry may close FY 2018-19 with a premium of Rs 1. 7 trillion
The industry has already registered a cumulative premium of Rs1,52,097.04 crore at FEb end , showing a growth of 13.43 percent as against Rs 1,34,084.94 crore, according to the IRDAI data.
SEC Sues VW, Ex-CEO over diesel emissions scandal, alleging massive investor fraud
The SEC said in its civil complaint on Thursday that from April 2014 to May 2015, VW issued more than $13 billion in bonds and asset-backed securities in U.S. markets at a time when senior executives knew that more than 500,000 U.S. diesel vehicles grossly exceeded legal vehicle emissions limits.
U.S. P/C industry’s net income jumped 70% in 2018
The improvement in net income and $6.2 billion in additional contributed capital was more than countered by a $99.7 billion decline in unrealized gains and $5.5 billion in additional stockholder dividends, resulting in industry surplus declining 0.6% to $741.0 billion from the end of 2017.
HDFC Ergo provides Title Insurance for Mumbai’s real estate project
Title insurance has been developed stemming from the requirement of the Real Estate Regulation and Development Act 2016 (RERA), which mandates the purchase of Title Insurance for all new and ongoing property developments registered with the regulatory body, once notified by the State Governments.
Rs 210 crore of Army insurance funds sunk in IL&FS bonds
This means that crores worth of insurance premiums, covering all ranks from generals to JCOs and jawans, are at risk of being lost.Recently, officials of the Indian Army met the new board of the IL&FS seeking a solution of this issue.
U.S. and India commit to building six nuclear power plants
The two countries have been discussing the supply of U.S. nuclear reactors to energy-hungry India for more than a decade, but a longstanding obstacle has been the need to bring Indian liability rules in-line with international norms, which require the costs of any accident to be channelled to the operator rather than the maker of a nuclear power station.
Boeing 737 Max grounding: Aviation ministry calls meeting at 4pm with airlines for contingency plan
A DGCA spokesperson, on Wednesday morning, said,” The B737Max operations will stop from/to all Indian airport’s. Additionally, no B737 Max aircraft will be allowed to enter or transit the Indian airspace effective 1600hrs Indian time or 1030 UTC.”
Binny Bansal and others invest $ 65 mn in Acko general insurance
The company is backed by Amazon, Accel, SAIF, Intact Ventures, RPS Ventures, Binny Bansal -co-founder of Flipkart,Narayan Murthy’s Catamaran Ventures, Swiss Re, Transamerica Ventures, Kris Gopalakrishnan – Co-founder of Infosys,AtulNishar – Founder & Chairman of Hexaware Technologies,Ashish Dhawan of ChrysCapital, Hemendra Kothari of DSP Blackrock, Rajeev Gupta, veteran investment banker and Founder of Arpwood Capital, Subba Rao of NuVentures and Venk Krishnan.