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Indian
SBI Life net income rises 18 pc to Rs 263 crore on strong sales, margin expansion
The life insurer's Value of New Business (VNB) jumped 130 per cent...
Indian retail equity investment can continue for the next couple of decades: Morgan Stanley
Ridham Desai, managing director, Morgan Stanley India Company...
Bajaj Allianz General’s net profit surges 147 % to Rs 411 crore in Q1FY23 on higher investment income
The general insurer's combined ratio stood at 104.6 per cent in Q1...
CMD Selection: FSIB recommends Neerja Kapur for New India,Girija Subramanian for AIC
Neerja Kapur, general manager , New India Assurance The FSIB, that...
International
HSBC, Maybank’s Insurance Venture among bidders for AXA Singapore
Chief Executive Officer Thomas Buberl is trying to shift AXA’s focus on property and casualty insurance following its $15.3 billion purchase of XL Group Ltd. in 2018. Since then, the CEO has been reviewing options for smaller businesses across the world, including in the Middle East, to help pay for the XL deal.
U.S. agency orders Ford to recall 3 million vehicles over air bags
The defect, which leads in rare instances to air bag inflators rupturing and sending potentially deadly metal fragments flying – especially after long-term exposure to high humidity – prompted the largest automotive recall in U.S. history of more than 67 million inflators. Worldwide, about 100 million inflators installed by 19 major automakers have been recalled.
California COVID-19 benefits fraud could reach $9.8 billion
The state has acknowledged that the department was bilked out of hundreds of millions of dollars in COVID-19 unemployment funds that went to fraudsters, including some in the name of U.S. Sen. Dianne Feinstein. Others were sent to inmates in jails and prisons, including some on California’s death row.
Massachusetts Governor vetoes sweeping climate change Bill
A highlight of the bill is the goal of attaining a net-zero greenhouse gas emission limit by 2050 in part by setting new statewide limits every five years to help the state reach the goal.
The bill would also increase requirements for purchasing offshore wind energy and write into state law the criteria used to define “environmental justice populations” – communities with lower incomes, larger numbers of non-English speaking adults, or with a nonwhite population of 25% or more.
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