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Radian to acquire Inigo for $1.7 billion, to become a global multi-line specialty insurer
The company’s expansion into the Lloyd’s global specialty market follows a strategic review to diversify beyond its traditional mortgage insurance offerings London: -Radian Group today announced that it has entered into a definitive agreement to acquire Inigo Limited,...
IRDA chairman asks insurers to pass on full benefits of zero GST to customers
Ajay Seth,chairman,IRDAI Seth asked the insurers to strengthen and establish service standards for market conduct, compliance, risk management, and internal audit functions, along with creating a standing forum at the Life Council to examine Court awards and derive...
Climate change may up health risks, exceed $1.5 trn productivity loss by 2050: Report
“We are entering an era in which protecting worker health is proving essential to business continuity and long-term resilience,” said Eric White, Head of Climate Resilience, World Economic Forum Geneva: The rise in global temperatures is likely to cause severe health...
India moved to fewer GST slabs, but ‘not yet’ ready for one rate: FM
Nirmala Sitharaman,Union Finance Minister The finance minister described the ongoing reform process as part of “new generation GST reforms”, focused on making the system simpler and fairer, especially for the poor and middle class. Kolkata: Union Finance Minister...
Finance Ministry urges employees to opt for UPS before Sept 30 deadline
Around 31,555 central government employees had opted for the UPS till July 20, and the last date to enrol under the scheme is September 30 New Delhi: The Finance Ministry on Thursday asked government employees to opt for shifting to the Unified Pension Scheme (UPS)...
Gallagher teams up with Vanguard Tech to support clients with maritime risk and security insight
Gallagher can now provide clients with a tool which helps to estimate risk and an in-depth, automated assessment on vessel safety at the outset and throughout its passage, meaning the likelihood of an incident is vastly reduced and insurers receive an added level of...
Number of air travellers surges to about 25 crore in 2025: Ram Mohan Naidu
Supported by the visionary regional connectivity scheme UDAN, air travel in the country today is more available, accessible and affordable. New Delhi: The number of air travellers stood at around 11 crore in 2014 -- a figure that has now surged to about 25 crore in...
MobiKwik fraud triggers demand for deeper probe into fintech platforms
Industry experts said the MobiKwik case is not an isolated one. In August, Policybazaar Insurance Brokers Private Limited also lodged a complaint with Gurugram Police after fraudsters impersonated its employees, forged documents, and misused the company’s ID cards and...
Boeing, Honeywell sued by Air India crash victim families
The lawsuit filed on Tuesday in Delaware Superior Court blames Boeing and Honeywell , which made the switches, for the crash seconds after Flight 171 took off for London from the Indian city of Ahmedabad. The families of four passengers killed in the June 12 crash of...
AI plane crash Pilot’s father seeks another probe saying AAIB findings tarnished his son’s image
Amid speculations about the cause of the fatal crash after the release of its preliminary probe report on July 12, AAIB had asserted that it was too early to draw any "definite conclusions" on what led to the accident as the investigation was still on and that the...
Asia fraud scheme: ChatGPT was used ‘to help scammers do their thing’
The basic tactic: get the victim to open a crypto account, then have them deposit hard currency into what appeared to be a trading platform – but was actually an account belonging to the scammers Duncan Okindo says he was lured to Southeast Asia last year by the...
Jaguar Land Rover cyberattack fallout hits suppliers
German company Eberspächer Gruppe GmbH & Co., which manufacturers exhaust systems for the British carmaker, was forced to suspend production at its plant in Nitra, Slovakia after the cyberattack more than two weeks ago. Eberspächer is a key supplier to JLR, which...
Tesla settles two lawsuits on 2019 California crashes related to Autopilot software
The settlements come weeks after a Florida jury ordered Tesla to pay $243 million in compensatory and punitive damages to the victims of another fatal 2019 crash of a Model S that was equipped with Autopilot Tesla has reached confidential deals to resolve two lawsuits...
Microsoft seizes 340 websites linked to growing phishing subscription service
Raccoon0365’s service, which operates through a private Telegram channel with more than 850 subscribers, enables users to impersonate trusted brands and get targets to enter Microsoft login credentials on phony Microsoft login pages, Steven Masada, assistant general...
Insurers lose bid to appeal London judgment over jets lost in Russia
The decision marks another milestone in one of the largest lawsuits to be heard in London, which has become a bellwether for similar cases fought in other jurisdictions, such as the United States, and triggered a battle in London between all risks and war risks...
RBI forms committee for periodic review of regulations
The review body will be advised by a group of six industry experts, and will be chaired by State Bank of India's managing director Rana Ashutosh Kumar Singh. N. S. Kannan, former managing director & Chief Executive Officer, ICICI Prudential Life Insurance is one...
Irdai chairman Ajay Seth launches Bima Sugam website
``The launch of the website today is an important milestone, and I am confident that with collective industry commitment, the vision of 'Insurance for All by 2047' — as part of the Prime Minister's mission of Viksit Bharat 2047 — will become a reality. Ajay...
Sebi to engage with govt to allow banks, pensions funds to invest in non-agri commodity derivatives
"We will also engage with the government to consider banks, insurance companies and pension funds to trade in these (non-cash, non-agricultural) markets," chairman Tuhin Kanta Pandey said Mumbai:Sebi will "engage" with the government to allow banks, insurance...