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Indian
Normal monsoon season predicted, to mitigate some inflationary pressures
In terms of predictions, both Skymet and IMD have given a forecast...
Enhanced insurance cover, RFID tags among new facilities as Amarnath Yatra set to resume after 2 years
Several new facilities have been incorporated including Radio...
Indian insurance industry has managed Covid 19 crisis well: III Survey
From(L to R) Dilip Ukey, vice-chancellor, Maharashtra National Law...
48% rise in home isolation cases of Covid in last one week in Delhi: Data
As the Covid positivity rate in the national capital has jumped...
International
Insurance costs too steep? Try writing your own
“For many, insurance has become or is becoming more expensive, so people are turning to captives,” said Rodney Bonnard, insurance leader for EY UK Financial Services.
“We are seeing a massive uptick.Seventy-six new captives were formed this year globally, a 200% year-on-year growth, according to insurance broker Marsh. That level of growth is “unprecedented”, Michael Serricchio of Marsh Captive Solutions told a recent webinar.
U.S. says AIG settles tax shelter lawsuit, forgoes over $400 million tax credits
Swiss Re raises $ 775 mn Cat bond for California Earthquake Authority, to protect Californians against earthquakes
“Swiss Re’s mission as a company is to make the world more resilient. We’re delighted to partner with CEA which has been helping to protect Californians from the financial consequences of earthquakes for almost 25 years,“ said Jonathan Isherwood, Swiss Re’s CEO Reinsurance Americas and Regional President.
“Only around 13% of Californians who purchase residential insurance also have earthquake protection. It’s not a matter of if, but when, the next one strikes. This transaction supports CEA’s ability to extend financial protection to a greater number of California residents who are highly exposed to earthquakes.“
U.S. breaks daily record for coronavirus cases with over 84,000 new infections
Health experts have not pinpointed the reason for the rise but have long warned that colder temperatures driving people inside, fatigue with COVID-19 precautions and students returning to schools and colleges, could promote the spread of the virus.
The United States has the most cases in the world at 8.5 million and the most fatalities with 224,000 lives lost. The United States has reported over the past week an average of 60,000 new cases per day, the highest seven-day average since early August.
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