by AIP Online Bureau | Jan 13, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy
The bench noted that in the last five years, there were 660 deaths in hit and run cases and 113 injury cases, while only 205 claims were received under the Scheme during the financial year 2022-23 New Delhi: The Supreme Court has directed the Centre to consider...
by AIP Online Bureau | Aug 13, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
Instituted under the Public Liability Act, 1991 (PLIA) in the wake of the Bhopal Gas Tragedy, the Environment Relief Fund’s (ERF) primary purpose is to offer immediate relief to victims of accidents involving hazardous substances. The PLIA mandates industries...
by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Non-Life, Risk Management
Hundreds of claims have also been filed by holders of Credit Suisse’s Additional Tier 1 bonds – which were all written down to zero – claiming compensation A group of Credit Suisse AT1 bondholders has also filed a class action suit accusing former executives at the...
by AIP Online Bureau | Jun 3, 2023 | Data, Non-Life
The tribunal ordered the travel agency as well as the insurance company – the New India Assurance Co Ltd – to pay a compensation of Rs 33,30,000 and also awarded Rs 13,32,000 towards future prospects (total Rs 46,62,000). Besides, it directed them to pay a...
by AIP Online Bureau | Mar 19, 2023 | Facts, Workplace/Employee Benefits
Shaik Salauddin, the founder-president of Telangana Gig and Platform Workers’ Union (TGPWU), said the family deserved to be paid about Rs 22 lakh by the company as per the Workmen Compensation Act. He said the company should pay the compensation as Rizwan was...
