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Indian
Torrent stalls Reliance Capital Resolution, COC approves 90 days extension to complete resolution process
In the hearing on Thursday, January 12, senior counsel Kapil Sibal...
Gehlot reiterates suggestion to implement Chiranjeevi Health Insurance Scheme across country
''Social security should be compulsory. It is the responsibility of...
LIC to consider doing health insurance biz after composite license is allowed: Chairman
(from L to R) G. Srinivasan, director, National Insurance Academy,...
Govt’s goal is to cut down on accidents by 50% by 2024 end: Gadkari
Union Minister Nitin Gadkari India has only 1% of the total overall...
International
Reinsurers look at dumping coal from bulk-buy policies in green gambit
Five of the world’s six largest reinsurers – Swiss Re, Munich Re, Hannover Re, SCOR and Lloyd’s of London – have already scaled back bespoke coverage for coal projects. But only Swiss Re, in a statement in March, has said it will go further and tighten its treaty reinsurance stance.
A rail contractor to Adani Enterprises’ giant Australian coal project last month, for example, asked the Australian government for help to obtain insurance that it was not able to secure from the market.
“The first consequence is insurance is harder to get, the second consequence is it’s expensive, the third consequence is there are all sorts of caveats on it and at the extreme you might not be offered it”, said Paul Merrey, insurance partner at KPMG.
Google must face shareholder lawsuit claiming it hid security risks
French chef seeks $1.9 million from Allianz for Covid-19 BI losses
Tensions between French restaurant operators and insurers over such claims have failed to dissipate after a year of public fights and legal disputes. AXA, which was ordered to compensate some restaurants, offered a 300 million-euro settlement to its policyholders last week, seeking to appease clients.
Global COVID-19 death toll exceeds 4 mln
The top five countries by total number of deaths – the United States, Brazil, India, Russia and Mexico – represent about 50% of all deaths in the world, while Peru, Hungary, Bosnia, the Czech Republic and Gibraltar have the highest death rates when adjusted for population. Countries in Latin America are facing their worst outbreak since March, with 43 of every 100 infections in the world being reported in the region, according to a Reuters analysis
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