The overall hike in wage bill will be 12.41 per cent with an...
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US insurance broker stocks pummeled on AI disruption fear
Insurify’s app uses ChatGPT to compare auto insurance rates using...
Parli Thermal Power Station asked to stop operation of 2 units for non-compliance of pollution norms
Parli Thermal Power Stations (PTPS) had not conducted the annual...
SBI Gen, Munich Re and GIC Re bag Nagaland’s parametric renewal cover for disaster management
Neiphiu Rio,Chief Minister, Nagaland Nagaland Chief Minister Neiphiu Rio said his government and SBI General Insurance inked an MoU on for Disaster Risk Transfer Parametric Insurance Solution (DRTPS), making Nagaland the first state in the country to implement a...
Kerala CM Vijayan requests PM Modi for financial assistance to tackle climate change
Prime Minister Modi on Saturday visited to the disaster-affected region in Wayanad and is being received by Kerala Chief Minister Pinarayi Vijayan and Governor Arif Muhammad Khan CM Vijayan said that a thorough assessment of the damages is currently underway, with...
10 X-Band Doppler Weather Radars to enhance weather monitoring, says Jitendra Singh
Jitendra Singh, Union minister of State (Independent Charge) for Science and Technology and Earth Sciences The deployment of these radars is part of a broader initiative by the Government of India to strengthen the country’s meteorological infrastructure. By enabling...
Plane crashes in fiery wreck in Sao Paulo with 62 people aboard
At an event in southern Brazil, President Luiz Inácio Lula da Silva asked the crowd to stand and observe a minute of silence as he shared the news. He said that it appeared that all passengers and crew aboard had died, without elaborating as to how that information...
GIC Re’s net profit jumps 42% to Rs1036 cr in Q1FY25
N Ramaswamy, CMD, GIC Re GIC Re has expanded its premium income by almost 40 per cent y-o-y to Rs 12,406 crore during the quarter ending in June 2024 `We now plan to push growth both in top line and bottom line. Of course, we are closely...
NIA’s profit falls almost 17% to Rs 217 crore in Q1FY25
Girija Subramanian,CMD , New India Assurance Going forward, the company will be focusing on the retail segment and better performance can be expected in the coming quarters, Girija Subramanian, CMD, New India Assurance, who took charge of the company in June Mumbai:...
Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: "In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along with...
Lloyd’s financial strength rating upgraded by AM Best
Today’s upgrade from AM Best follows that of S&P Global at the end of last year, with both agencies acknowledging the strength and resilience of Lloyd’s balance sheet.The upgrade further enhances Lloyd’s ability to attract and retain investors due to its unique...
Explainer: Why does Nepal suffer so many air crashes?
In a 2023 safety report, the Civil Aviation Authority of Nepal (CAAN) said collision with terrain or another obstacle was the main risk, accounting for 93% of deaths in air accidents in the prior decade On July 22, 2024, eighteen people were killed in Nepal when a...
Helicopter with 5 people on board crashes in the mountains northwest of Nepal’s capital
The four passengers are Chinese nationals, and the pilot is a Nepali man, police said. No further details were immediately available KATHMANDU: A helicopter crashed in a forest outside Nepal's capital Kathmandu shortly after takeoff on Wednesday, killing all five...