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Indian
Kozhikode plane crash: Pilot’s family still waiting for compensation
Responding to Dhananjay Sathe’s tweet on Friday, the Ministry of Civil Aviation said on Twitter that the Aviation Secretary has contacted Maharashtra’s Chief Secretary over the issue of employee compensation of late Captain Dipak Sathe.
”The compensation amount was deposited by Air India with Employees Compensation Commissioner Pallakkad, Kerala. It was then transferred to Employees Compensation Commissioner, Bandra on request of your relatives,” the ministry noted.
Cyclone Yaas threat: Odisha alerts 14 districts, urges Navy, Coast Guard to remain vigilant
Odishas Chief Secretary S C Mohapatra, after a meeting with senior officials, said that the state administration is geared up to meet the eventuality if cyclone ‘Yaas’ has any impact on the state.
Though IMD is yet to inform about the possible path of the system, its speed and landfall location, the state has been preparing to meet the challenge beforehand, he said.
Irdai slaps Rs 24 lakh penalty on Policybazaar for violating advertisement norm
Supreme Court allows personal bankruptcy cases on tycoons
The federal government in 2019 introduced the law that allowed lenders to file parallel bankruptcies against defaulting firms and the individuals who guaranteed those loans.
Lenders last year filed bankruptcy cases against businessmen including Reliance Group’s Anil Ambani, Dewan Housing Finance Corp Ltd.’s Kapil Wadhawan and Bhushan Power & Steel Ltd.’s Sanjay Singal. The cases were halted on appeals filed in higher courts.
International
Asian life insurance regulations are still ‘rules-based’: Milliman
The different markets are at very different stages of evolution—in general economic, social and demographic terms and in respect of the maturity of their various life insurance industries. Consequently, the insurance regulatory regimes vary significantly across the markets, often making it difficult for insurers to keep track of how the regulations change across the region.
XL Catlin to build World’s first On-Demand Cyber Insurance Solution with Slice ICS
According to Greg Hendrick, president of XL Catlin’s Property & Casualty operations, “Slice’s ICS(Insurance Cloud Services) platform gives us the speed to market, scalability, and reliable on-demand experience that will empower our clients to move faster and more confidently knowing digital assets are protected by innovative technology, insurance, and claims processes.”
Companies missing financial impacts of rising IP litigation risks: Willis report
SCOR delivers a strong performance, net income at EUR 262 million in H1 2018
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