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Indian
`Insurance Bill, 2023′: Govt drops major reform plans for Indian insurance sector
In a surprising development, The Insurance Bill, 2023,’ drafted by...
Wife entitled for equal share in property, rules Madras High Court
The judge said the defendant woman being a homemaker, though she...
EPFO extends deadline to apply for higher pension till July 11
This is the second extension of the deadline for applying for a...
Will bring new vehicles that run on ethanol: Gadkari
“We are bringing new vehicles that will run entirely on ethanol....
International
MS Amlin Underwriting expands US operations, appoints David Mocklow as CFO & Chief Claims Officer
China encourages mainland insurers to sell catastrophe bonds in Hong Kong
Mainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise funds from bond sales, according to a statement of the China Banking and Insurance Regulatory Commission (CBIRC).
The arrangement can help diversify insurers’ losses from natural disasters such as earthquakes, floods and typhoons, it said.
MS Amlin launches new agriculture reinsurance offering with strategic hire
The agriculture reinsurance offering will be available globally and coverage includes five core products: crop insurance, livestock insurance, aquacultural insurance, forestry and weather index products. The launch comes as part of MS AAG’s wider global diversification strategy, with Bektleuov leading the new offering.
Biden’s $3.5 trillion climate change plan to eliminate fossil fuel emissions from U.S
Included in the massive legislation is a nationwide clean-electricity program that is intended to eliminate climate-damaging fossil fuel emissions from U.S. power plants by 2035 catching up to requirements already set in some states.
The proposal would spend billions to install 500,000 electric vehicle charging stations and upgrade the power grid to make it more resilient during hurricanes and other extreme weather events that are increasing and intensifying as a result of climate change.
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