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Here is a masonry blog layout with no sidebarMS Amlin strengthens its Singapore team with six new hires
The new appointments will bolster MS AAP’s underwriting and claims expertise, with four hires to the Reinsurance division and an additional hire to the Political Violence, Trade Credit and Political Risks team London: MS Amlin Underwriting Limited (MS AUL), the...
SC rejects Bagic’s plea against Bombay HC order on crop claims
Earlier, the top court had on June 16 stayed a Bombay High Court order which asked Bagic to compensate over 3.5 lakh farmers under the PMFBY for the loss of soybean crop due to heavy rainfall in 2020.The vacation bench had asked the insurance company to deposit Rs 200...
Industry headwinds fail to dampen ILS Success, Aon Report
The study reveals that ILS capital remained relatively stable at $95 billion through June 30 – a reduction of approximately 2 percent relative to the $97 billion recorded in the prior-year period. CHICAGO: Aon plc in its annual report, published today, about the...
India: Just 44 pc of premium office space green certified; Green buildings command higher rent,Report
The seven cities are Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. ''It is imperative to look at growing the overall certification coverage if we are to look at achieving the net-zero pledge of 2070 for India, with real estate set to play a...
India extends emissions deadline for coal-fired plants for third time
India extended a deadline for coal-fired power plants to install equipment to cut sulphur emissions by two years, the government said in a notification on Tuesday, marking the third pushback on a commitment to clean up dirty air. Indian cities have some of the world's...
DCGI nod to Bharat Biotech’s intranasal Covid vaccine for restricted emergency use
''Big Boost to India's Fight Against COVID-19! Bharat Biotech's ChAd36-SARS-CoV-S COVID-19 (Chimpanzee Adenovirus Vectored) recombinant nasal vaccine approved by @CDSCO_INDIA_INF for primary immunization against COVID-19 in 18+ age group for restricted use in...
Rear seat passengers not wearing seat belt will soon attract fine: Nitin Gadkari
Road Transport and Highways, Nitin Gadkari said “A notification will be issued in the next three days that if one doesn’t wear a seat belt while sitting on the rear seat of a car, he or she will be penalised The highest number of people dying in road accidents in...
Global reinsurance capital down, profits and solvency up at H1 2022: Gallagher Re Report
Total global dedicated reinsurance capital of $647 billion at the half year reflects a decrease of $82 billion versus the end of 2021. The most important driver is $78 billion of realised and unrealised investment losses due to the sell-off in fixed income and equity...
Howden launches ‘World-First’ voluntary carbon credit insurance product, to help scale the market
Capacity comes from the Lloyd’s market, with Nephila’s Syndicate 2357 as the lead market Charlie Langdale, Head of Climate Risk and Resilience at Howden, says: “For the voluntary carbon market to grow to $50bn by 2030, buyers need to be able to trust that the carbon...
Floods in Pakistan cause economic loss to the tune of USD 12.5 billion
Poverty and unemployment will go up manifold from 21.9 per cent to over 36 per cent. Some 37 per cent population was hit by poverty after floods in 118 districts, as estimated by the Pakistan government Islamabad: The estimated economic loss to Pakistan from floods...
Future Generali Gen to settle TP claims of Cyrus Mistry and co-passenger killed in car crash
Families of both Cyrus Mistry and Jahangir Pandole who were in the back seats of ill fated Mercedes SUV and died in the accident will be the claimants of third party(TP) motor claims as Indian insurance laws define all passengers in a private vehicle are covered under...
Focus back on road crash deaths as Cyrus Mistry meets fatal accident near Mumbai
The data showed a majority (59.7 percent) of the road accidents were due to over-speeding, accounting for 87,050 deaths and injuries to 2.28 lakh persons. New Delhi: The fatal road accident involving former Tata Sons chairman Cyrus Mistry on Sunday once again brought...
Wage Revision: Demand for pay parity with LIC rejected, Govt set to notify 12% hike for PSU general insurance industry
GIPSA officials are meeting the ministry officials on Monday to work out the final details of wage revision and the date of notification.. in a late afternoon development on Sunday, the National Confederation of General Insurance Officers' Association in a letter to...
FPI inflows hit 20-month high of Rs 51,200 cr in Aug
FPIs had turned buyers for the first time in July after nine straight months of massive net outflows, which started in October last year. Between October 2021 till June 2022, they withdrew Rs 2.46 lakh crore from the Indian equity markets New Delhi: Foreign investors...
Aug 30 flood in B’luru led to a loss of Rs 225 crore: IT companies to CM Bommai
"The inadequate infrastructure on ORR has now reached a crisis-level. Even though only 30 per cent of ORR population has returned to working from office, the collapse of the infrastructure has drawn global concern over the city of Bengaluru's ability to handle further...
17 states weigh adopting California’s electric car mandate
Under the Clean Air Act, states must abide by the federal government's standard vehicle emissions standards unless they at least partially opt to follow California's stricter requirements. Among them, Washington, Massachusetts, New York, Oregon and Vermont are...
Nitin Gadkari unveils India’s prototype of drone technology for organ transport
The use of drones in moving the harvested organs from the airport to the hospital, as against the present mode of transporting them by road from airport, will reduce considerable time Chennai: Union Minister for Road Transport and Highways Nitin Gadkari on Saturday...
India set to become 3rd largest economy by 2029: SBI report
India should surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth. This is a remarkable achievement by any standards, said the report, authored by Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI. India's GDP growth in Q1 FY23 was...