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Here is a masonry blog layout with no sidebarGovernment mulls ordinance to fast track settlement of commercial disputes
The bill seeks to help India become a hub for domestic and global arbitration for settling commercial disputes.The draft law provides for a time-bound settlement of disputes as well as accountability of the arbitrator.The government feels that there is a need for robust mechanism to deal with institutional disputes.
PM to launch Modicare nationwide from Jharkhand, National Insurance bags state’s hybrid account
Jharkhand has opted for a hybrid account where National Insurance will provide cover for Rs 1 lakh while the rest will be managed by the state government. NIC has signed MoU with the Government of Jharkhand to extend health insurance to 57 lakh families for a total premium of Rs 535 crores. The PSU general insurer is charging an annual premium of Rs 900/- per family in the state..
Per capita alcohol consumption more than doubled in India from 2005 to 2016
The total alcohol per capita consumption (15+ years) is expected to increase in half of the WHO regions by 2025 and the highest increase is expected in the South-East Asia Region. An increase of 2.2 litres is expected in India alone which represents a large proportion of the total population in this region, the report highlighted.
Lloyd’s returns to profit for the first half of 2018
Lloyd’s Chief Executive, Inga Beale, said: “These results and return to profit demonstrate the strength of the Lloyd’s market following one of the costliest years for natural catastrophes in the past decade. Whilst these results are welcome, Lloyd’s continues to concentrate on improving the Lloyd’s market’s long-term performance by taking action to address underperforming areas of the market.
Compulsory personal accident cover hiked to Rs 15 lakh, premium rises to Rs 750
Earlier while giving verdict while disposing a MACT(Motor Accident Claims Tribunal) case in Oct 2017, the Madras High Court had asked the IRDAI to enhance the CPA cover from the existing Rs 1 lakh to at least not less than Rs.15 lakh so that the amount of will add to some succor or solace to the victims of road accidents, who are the owner of the vehicle, who may incidentally sustain bodily injury or death
Jet Airways customer demands Rs 30 lakh compensation, 100 upgrades
Social media platforms account for 79% of e-commerce in India: PayPal
Suresh Prabhu orders safety audit of all airlines, airports
Indian oil refiner part-owned by Iranian company cancels Iran oil imports
India Post invites proposal for consultancy on setting up insurance arm
Florence portends more massive hurricanes in age of global warming
IRDAI forms committee on insurance regulatory sandbox & fintech
IRDAI extends deadline for filing long term motor TP products to Oct 15
Risky Business-Insurers Face Shifting Landscape
While providing cover for risks is the core to the business of insurance, insurers themselves are not immune to risks. In fact, insurers are exposed to a number of financial and non-financial risks. The very nature of their business exposes general insurers to multiple types of risks like insurance risk, asset (market and credit) risk, cyber security and operational risks; which they must deal with an ongoing basis
Reliance General Insurance IPO in FY19
Suresh Prabhu woos Australian pension funds
These superannuation funds valued at 2.6 trillion Australian dollars are one of the world’s largest in terms of volume.
“The funds have exposure including in various international markets. However, their exposure to Indian markets is still very limited, despite continued greater than average market returns in India,” the ministry said.
CBI scrutinises India’s largest law firm Cyril Amarchand in PNB fraud probe
In mid-February, Modi’s aides packed cartons of documents at one of his diamond firm’s offices in Mumbai and sent them to CAM’s office nearby, from where police seized them within a week on Feb. 21, a review of the Central Bureau of Investigation’s (CBI) court filings and witness testimonies showed.
PMFBY revamped, Insurers must enroll 10% more non-loanee farmers
•Inclusion of hailstorm in post harvest losses, besides unseasonal and cyclonic rainfall. Inclusion of cloud burst and natural fire in localized calamities in addition to hailstorm, landslide, and inundation.
•add on coverage for crop loss due to attack of wild animals, which will be implemented on a pilot basis.