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Amazon will start testing drones that will drop prescriptions on your doorstep, literally
Amazon says customers will be able to choose from more than 500 medications, a list that includes common treatments for conditions like the flu or pneumonia, but not controlled substances Texas: Amazon will start testing drones that will drop on your doorstep,...
Dabur India’s units face lawsuits in US, Canada alleging products caused cancer
Dabur India, which sells Vatika Shampoo and Honitus cough syrup brands, said it could not determine the financial implication due to settlement or verdict outcome at this stage but expected the defense costs to breach the materiality threshold in the near future New...
Insurers have to compulsorily cover employees travelling in employer’s vehicle including driver: IRDAI
The compulsory cover has to be provided as an inbuilt coverage under the Compulsory Motor Third Party Liability Section of Private Car Package/ Bundled Policies and under standalone policies insuring Compulsory Motor Third Party Liability and no additional premium can...
IRDAI asks insurers to fast track Sikkim flood claims
Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: In a bid to expedite general insurance claims in Sikkim, which has...
India among world’s worst countries to work remotely: Report
India’s low position is due to poor results in all four dimensions, primarily because of its digital and physical infrastructure (77) and social safety (74) New Delhi: India ranks 64th among the 108 countries for remote work -- 15 places lower compared to last year --...
ICICI Lombard Q2 profit falls to Rs 577 crore
The company had managed to bring down its combined ratio to 103.90 per cent during the reporting quarter as compared to 105.10 per cent in the year-ago period.The insurer's underwriting losses have fallen marginally to Rs 145 crore during the quarter over Rs152 crore...
Amazon River falls to lowest in over a century amid Brazil drought
Brazil's Science Ministry blames the drought on this year's onset of the El Nino climate phenomenon, which is driving extreme weather patterns globally. In a statement earlier this month, the ministry said it expects the drought will last until at least December, when...
ICICI Prudential Life Q2 profit rises 23 pc to Rs 244 crore
The assets under management of the company grew by 11.3 per cent from Rs 2,44,279 crore as on September 30 last year to Rs 2,71,903 crore as on September 30, 2023 Mumbai: ICICI Prudential Life Insurance Company on Tuesday reported a 23 per cent increase in its net...
Govt wants adoption of Property/Parametric covers to mitigate financial losses due to natural catastrophes
Vivek Joshi, Secretary, Department of Financial Services (DFS), for the first time on Wednesday met General Insurance Council and a few CEOs of private sector general insurance companies in New Delhi, to discuss several critical issues having implications for the...
Lloyd’s approves Oka syndicate-in-a-box 1922, to focus on solution to protect against buyer-side carbon credit risks
The volume of carbon credit purchases has quadrupled over the past four years, with the market expected to grow exponentially as corporations make commitments to achieve net zero targets as a priority LONDON: Asta, the leading third-party managing agent at Lloyd’s,...
AI startup mind foundry helps insurers spot cognitive decline in older drivers
“If a person is over a certain age, their insurance policy is gone, their independence is gone,” Mullins said. “Not all individuals age the same way. Now data can tell us that the person is driving safely. That’s aresponsible use of AI.” Mind Foundry Ltd., an...
Howden launches climate-focused parametric insurance unit
The global market for parametric insurance is expected to reach $29.3 billion by 2031, analysis from Allied Market Research showed, up from $11.7 billion in 2021 London: UK-based insurance broker Howden said on Tuesday it had created a new unit to focus on climate-...
EU banks told to review clients in historic ESG crackdown
Global banking and financial stability organizations are all reviewing reporting and capital frameworks, though none has moved as fast as the EU in setting firm requirements. The Basel Committee on Banking Supervision expects to publish a proposed framework for...
India’s pension system improves from 2022: Report
''Changes in workforce dynamics, employment and family patterns have brought formal sources of retirement to the forefront. While there is improvement in the net pension replacement rate and participation in private pension plans, which is reflected in the value of...
In 3:2 majority verdict, SC says queer couples can’t adopt children
This is not to say that unmarried or non-heterosexual couples cannot be good parents, Justice Bhat said, adding that the State, as the guardian, has to explore all areas and ensure that the benefits reach such children who are in need of stable homes New Delhi: A...
SC declines to allow same-sex marriages
On April 27, the court asked the Centre whether social welfare benefits such as opening joint bank accounts, nominating a life partner in provident fund, gratuity and pension schemes can be extended to same-sex couples without going into the issue of legal sanction to...
Jio Financial set to launch suite of loan products in billionaire Ambani’s finance push
The company's insurance broking arm has also partnered with 24 insurance companies, while its payments bank division, which relaunched savings account and bill payment services, plans to launch debit cards Bengaluru: India's Jio Financial Services JFS plans to launch...
Insurtech BimaKavach gets insurance broking license, plans fund raising
In 2022, BimaKavach raised $2 million in a seed round led by WaterBridge Ventures, with participation from Blume Ventures, Arali Ventures, and Eximius Ventures to be utilized for designing new-age business risk covers, investing in proprietary risk management...