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Indian
PhonePe envisions opportunity ahead across UPI, lending, insurance, ONDC
"I think for the mission PhonePe is on, which is solving for...
India’s Retail Health Insurance profitable, to touch $25 billion in next 5 years: Avendus Capital Study
Anshul Agarwal, managing director and Co-head, Consumer, Financial...
UIDAI deliberates on five focus areas including ‘Ease of Living’
The five core areas are – resident centricity, expanding the usage...
Budget wishlist: Infra development, social security for gig workers
India aims to be a $30 trillion inclusive and sustainable economy...
International
U.S. Supreme Court rejects Republican challenge to Obamacare law
If Obamacare had been struck down, up to 20 million Americans stood to lose their medical insurance and insurers could have once again refused to cover people with pre-existing medical conditions. Obamacare expanded the Medicaid state-federal healthcare program and created marketplaces for private insurance.
The provision, called the “individual mandate,” required Americans to obtain health insurance or pay a financial penalty. It marked the third time the court has preserved Obamacare since its 2010 enactment.
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.
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