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Reinsurance of PM Fasal Bima Yojana & other major social security schemes exempted from GST

“ Insurers shall avoid any undue enrichment on this account. Insurers may note that if necessary benefit on account of reduction in premium is not passed on to the insured / Govt., suitable action against the Insurance Companies may be initiated with National Anti-Profiteering Authority under Section 171 of the CGST Act,’’ said a notification by IRDAI on Wednesday

B3i founders form blockchain startup

B3i Services AG’s purpose is to provide insurance solutions on a blockchain platform that substantially improves efficiency across the value chain of the re/insurance industry — in some cases up to 30 percent. These innovative solutions benefit both insurance companies and customers through improved speed, transparency, quality, security, and cost.

Uber’s Self-Driving Cars Insured by Old Republic

Any litigation that arises from the accident, the first fatality involving a fully autonomous vehicle, could pit the ride-hailing service against technology suppliers and the vehicle’s manufacturer, legal experts said. It could also provide a window into confidential indemnification agreements that companies developing self-driving car systems may have reached to shield themselves legally.

List steps taken to assure safety of P&W engines: HC to DGCA

A bench of Justices Naresh Patil and G S Kulkarni also said that merely grounding some aircraft or following the directive of the European Air Safety Authority (EASA) against the use of P&W 1100 engines belonging to the ‘450 and beyond’ series, was not enough.The court said it was the “duty” of the Union government (UoI) and the DGCA to ensure that all aircraft were safe for travel and passengers were assured of their safety.