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ICICI Lombard Q1 PAT slumps 46% to Rs 403 crore on fire losses, Supreme Court Motor TP ruling

ICICI Lombard Q1 PAT slumps 46% to Rs 403 crore on fire losses, Supreme Court Motor TP ruling

by AIP Online Bureau | Jul 15, 2026 | Indian News, Non-Life, Reinsurance

Sanjeev Mantri, MD & CEO, ICICI Lombard General Insurance The company said the quarter’s combined ratio included the impact of two large fire losses amounting to Rs 63 crore, which added 1 percentage point to the ratio. In addition, a recent Supreme Court...
Draft final probe report in Ahmedabad plane crash to be ready in October: AAIB to SC

Draft final probe report in Ahmedabad plane crash to be ready in October: AAIB to SC

by AIP Online Bureau | Jul 15, 2026 | Indian News

The affidavit stated that the objective of an aircraft accident investigation is solely to improve aviation safety and prevent future accidents, and not to apportion blame or determine civil or criminal liability. New Delhi:The Aircraft Accident Investigation Bureau...
PIL in SC seeks national fire and life safety framework for public premises

PIL in SC seeks national fire and life safety framework for public premises

by AIP Online Bureau | Jun 28, 2026 | Eco/Invest/Demography, Indian News, Regulation, Technology

The plea sought a direction that the Centre and other concerned authorities, in consultation with all states and Union territories, “frame within a time-bound period a national minimum fire and life safety compliance, audit, disclosure and accountability...
Trade Secrets: TCS to take $70 million hit after US Supreme Court rejects appeal

Trade Secrets: TCS to take $70 million hit after US Supreme Court rejects appeal

by AIP Online Bureau | Jun 16, 2026 | Indian News, Risk Management, Technology

The case ​stems from a 2019 lawsuit filed in Dallas federal ​court by DXC’s predecessor, Computer Sciences Corporation, which accused TCS of ‌hiring ⁠around 2,200 Transamerica, another insurance company, employees and using their inside access to build a rival...
PIL in SC seeks national fire and life safety framework for public premises

Homemakers are “nation builders”: SC says loss of wife’s domestic care should be monetised at Rs 30K

by AIP Online Bureau | Jun 11, 2026 | Eco/Invest/Demography, Indian News, Non-Life

“We are also of the view that the housewife contributes to the growth of the human being and the nation. The homemaker builds nation. So we have laid down the principles, and as a nation builder, we have housewife, we have quantified the amount that the loss of...
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