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Indian
Over 1.4 lakh Bengal farmers to get crop insurance due to unseasonal rain: Minister
''There has been crop loss in both West and East Midnapore,...
Non-life insurers’ gross premium income rises 24% to Rs 21,327 cr in April
The five standalone private sector health insurance companies...
IRDAI grants compliance relief to general insurers and FRBs
Further IRDAI has decided that the FRBs and Lloyd’s India need not...
LIC IPO: Share price fixed at Rs 949, Govt raises Rs 20,560 crore
LIC share trading on the stock exchange is due to begin May 17...
International
bolt reaches $4 bn in active insurance premium on its platform
“The success of our customers and partners is why it’s so exciting to see us go from $3 billion in May to $4 billion in premium on our platform in such a short time,” said Eric Gewirtzman, CEO of bolt. “We will continue to work closely with our partners with a focus on speed and innovation to stay one step ahead of customers’ needs.”
Reinsurers’ pandemic losses have started to fade:Fitch
In the hands of God:’ Central America bears brunt of powerful hurricane Iota
About 40,000 people in Nicaragua have been evacuated to shelters, authorities said. Many coastal areas are at risk of storm surges of as much as 20 feet (6 meters) above normal tides. In Honduras, 80,000 people were moved to safety.
“It’s the strongest hurricane that has touched Nicaraguan soil since records began,” said Marcio Baca, director of the Nicaraguan Institute of Earth Studies.
This is the first time two major hurricanes have formed in the Atlantic basin in November since records began in 1851.
Amazon launches online pharmacy in new contest with drug retail
The company founded as an online bookseller has disrupted industries including retail, computing and now potentially pharmaceuticals, drawing criticism of its size and power from labor groups and lawmakers along the way.
The company said Prime subscribers get up to 80% off generic and up to 40% off brand drugs when they pay without insurance, as well as two-day delivery.
Should Prime members prefer buying in person, Amazon said its discounts on non-insurance purchases apply at more than 50,000 brick-and-mortar pharmacies – including those run by rivals. Inside Rx, a subsidiary of Cigna Corp’s Evernorth, administers that benefit, Amazon said.
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