by AIP Online Bureau | Dec 11, 2024 | Eco/Invest/Demography, Indian News, Non-Life
The apex court enhanced the compensation amount under the heads of loss of income or earning capacity, pain and suffering, loss of marriage prospects, attendant charges and future medical treatment. The bench, enhanced the compensation to Rs 50.87 lakh and directed...
by AIP Online Bureau | Dec 9, 2024 | Intermediaries, International News, Non-Life, Reinsurance
Gallagher follows in the footsteps of rivals Aon and Marsh McLennan, which have also struck $13 billion and $7.75 billion, deals, respectively, over the last 12 months to expand into the vast and fast-growing middle-market insurance business Arthur J Gallagher said on...
by AIP Online Bureau | Dec 8, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management
In particular, the words written on ammunition found at the shooting scene — “delay,” “deny” and “depose,” echoing a phrase used to describe how insurers dodge claim payouts — amplified voices that have long been critical of the...
by AIP Online Bureau | Dec 5, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance
Most Italian businesses — especially small and mid-sized ones — have no protection at all. The new law will require companies to buy coverage and insurers to write policies or face fines. The plan is backed by a €5 billion ($5.3 billion) reinsurance fund, set up by a...
by AIP Online Bureau | Nov 28, 2024 | Indian News, Life, Non-Life, Policy, Regulation
According to an office memorandum dated November 26, 2024, it is proposed to amend certain provisions of insurance laws to ensure accessibility and affordability of insurance to citizens, foster expansion and development of the insurance industry, and streamline...
