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Indian
India logs 25,404 new Covid-19 cases in last 24 hours
To reduce air pollution in Delhi-NCR, Centre releases Rs 496 crore for in-situ management of crop residue
IRDAI’s move to risk policyholder’s data privacy, create data monopoly: Experts
While it is understandable that insurers have to share policyholder information with authorities/agencies specified by law or due to operation of law, experts question the need to share the same with IIB.
“Insurers can share the generic data relating to premium, claims — genuine and fraud — and other commercial aspects with IIB so that it can prepare its analytical reports for the industry to use. But why should policyholder information be shared with IIB,” wonders an industry official preferring anonymity.
Madras HC withdraws its order on `mandatory bumper-to-bumper cover’ for new vehicles
“it would appear that the order, mandating the coverage of bumper to bumper policy may not be logistically and economically feasible for effective implementation in the present legal dispensation.Considering the overall submissions made by the parties and and taking into account the concern of the IRDAI, this court feels that the direction issued earlier on making bumper to bumper cover for new vehicles may not be conducive and suitable for implementation in the current situation. Therefore the said direction in is hereby withdrawn for the present,” said Justice S Vaidyanathan, who had issue earlier verdict.
International
China reports 47 new imported cases, Covid-19 epicentre Wuhan resumes bus services
Olympics delay, not cancellation, provides reprieve for insurers
UK, U.S. Banks and regulators warn of wave of Coronavirus scams
In the United States, lenders including United Bank, Citizens Bank, and Fifth Third Bank are alerting customers to fraud-related schemes and encouraging them to protect their personal information. Northwest Bank is also providing customers with information and tools to help spot tactics aimed at obtaining customer financial information.
Coronavirus Pandemic:Tokyo Olympics postponed until 2021
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