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UK imposes sanctions on Russian insurer Ingosstrakh protecting ‘shadow fleet’ of tankers

UK imposes sanctions on Russian insurer Ingosstrakh protecting ‘shadow fleet’ of tankers

by AIP Online Bureau | Jun 14, 2024 | International News, Non-Life, Policy, Reinsurance, Risk Management

Sanctions against Ingosstrakh are notable because it is major provider of coverage for the commercial fleet moving Russian oil, largely displacing insurers based in the UK and Europe. The company didn’t immediately respond to a request for a comment on how the...
Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC

Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC

by AIP Online Bureau | Jun 13, 2024 | Banking & Bancassurance, Indian News, Risk Management, Technology

A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla was hearing a petition filed by one Jaiprakash Kulkarni and Pharma Search Ayurveda Private Limited challenging an order passed by the Banking Ombudsman refusing to direct the Bank of Baroda to refund...
Treat transgenders as special category for employment, education: Madras HC

Treat transgenders as special category for employment, education: Madras HC

by AIP Online Bureau | Jun 13, 2024 | Eco/Invest/Demography

The ruling, issued by Justice V Bhavani Subbaroyan on June 12, 2024, directs the Tamil Nadu government to establish unique norms for transgenders in all educational and employment avenues Chennai: In a landmark decision, the Madras High Court has mandated that...
RCap resolution: NCLT to hear IIHL plea for deadline extension on June 20

RCap resolution: NCLT to hear IIHL plea for deadline extension on June 20

by AIP Online Bureau | Jun 13, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

IIHL has moved NCLT seeking a 90-day extension beyond the deadline to implement the resolution plan for acquiring Reliance Capital for a consideration of Rs 9,850 crore Mumbai: National Company Law Tribunal (NCLT) will hear the plea of Hinduja Group firm IndusInd...
Inflation worries continue for US Fed; No policy rate cut for seventh time

Inflation worries continue for US Fed; No policy rate cut for seventh time

by AIP Online Bureau | Jun 13, 2024 | Eco/Invest/Demography, International News, Policy, Risk Management

Jerome Powell, US Fed Chair “We are maintaining our restrictive stance of monetary policy in order to keep demand in line with supply and reduce inflationary pressures. I will have more to say about monetary policy after briefly reviewing economic...
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