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War insurance costs spike for ship owners as Black Sea threats grow, sources say
War insurance costs for some port calls have been quoted between 0.6% and 1% of the value of a ship in the past day by some underwriters, up from 0.4-0.6% last week. Rates of 1% would be the highest since late 2023, though still below peaks of 2% for the Red Sea at...
IndiGo cancels over 550 flights on Thursday
There were at least 118 flight cancellations at the Mumbai airport, 100 at Bangalore, 75 at Hyderabad, 35 at Kolkata, 26 at Chennai, and 11 at Goa. Flight cancellations were reported at other airports also Mumbai/New Delhi: The country's largest airline IndiGo on...
Govt incorporating suggestions at final stages of Atomic Energy Bill, position to be made clear after vetting: Jitender Singh
Similarly, Union Minister Singh also reiterated that as announced in the Budget 2025 announcement, the Government has announced that active private sector participation will be facilitated by undertaking amendments to Civil Liability for Nuclear Damage (CLND) Act 2010...
India’s EV market has potential to reach Rs 20 lakh crore by 2030: Nitin Gadkari
"Presently, 57 lakh EVs are registered in India. EV sales rates were faster in 2024-25. EV car sales increased by 20.8 per cent, while petrol and diesel sales increased by 4.2 per cent. Two-wheeler EVs increased by 33 per cent, and petrol and diesel by 14 per...
AIC receives Geospatial Excellence Award
`At AIC of India, our commitment has always been to safeguard the livelihoods of India’s farmers. Today, we are taking this commitment a step further with Tech-Driven Precision Insurance, integrating satellite intelligence, remote sensing, and digital field monitoring...
Berkley Insurance Asia launches operations in India’s GIFT City
“India has long been an important market for Berkley Insurance Asia and establishing operations here is a natural progression of our journey. We have been underwriting Indian risks from Singapore for many years. The time is now right to be closer to decision-makers,...
Ransomware grows beyond traditional hotspots,hit emerging economies
William Altman, Head of Cyber Threat Intelligence Services, said: “Cyber insurance is poised to remain one of the most dynamic and strategically vital segments within the property and casualty sector. As the sector matures, future expansion will hinge on serving...
LIC launches 2 new products for risk protection and savings
R. Doraiswamy, CEO & MD along with other senior leadership team of LIC at the launch of LIC’s Protection Plus & LIC’s Bima Kavach In Bima Kavach, the life assured can select a policy term which can extend up to 100 years, ensuring long-term protection....
Common people suffer from exploitation of insurance firms, private hospitals: Raghav Chadha in Parliament
Sometimes cashless treatment is denied, sometimes claims are rejected, and sometimes a patient has to chase the insurance company for months for reimbursement. This is exploitation,"Aam Aadmi Party's Rajya Sabha MP Raghav Chadha said in Parliament New Delhi: Common...
IndiGo cancels over 100 flights on crew woes; DGCA probes situation, seeks mitigation plans
The sources said over 100 IndiGo flights were cancelled at various airports, including Delhi, Bangalore, Mumbai and Hyderabad. At least 42 flights were cancelled at the Bangalore airport, 38 flights at the Delhi airport, 33 at the Mumbai airport and 19 at the...
Thailand floods “paralyzed” flow of high tech components and car parts to neighboring Malaysia
The floods are the worst on record for southern Thailand, with the government estimating the damage at around 500 billion baht ($15.6 billion). Thailand said floods that have devastated much of the country’s south have “paralyzed” the flow of high tech components and...
FSIB selects NIC’s Sivasankar to become NIA’s ED
The head hunting institution of the government interfaced with three candidates, Chandra Iyer, GM , NIA, V. Balkrishna, GM, GIC Re and Sivasankar, on Wednesday for selecting a new ED for NIA New Delhi:The Financial Services Institutions Bureau(FSIB) has chosen S...
Fake news threat to democracy, govt working to curb it, says Union minister Vaishnaw
"Fake news is a very serious issue. Fake news is a threat to democracy. There is a need to take strict action against fake news and AI-generated deep fake videos," he said during Question Hour New Delhi:Terming fake news as a threat to democracy, Union Minister for...
Social security coverage rises to 64% from 19% in 2014: Mansukh Mandaviya
Labour and Employment Minister Mansukh Mandaviya noted that 94 crore people in the country are currently covered under accident, health and pension benefits, placing India just behind China, which covers 107 crore people New Delhi: India has expanded social security...
AXA & Insurance Development Forum raise $340 million Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial infrastructure projects across Latin America, Asia, and Africa. It aims to build a diversified portfolio of resilient infrastructure assets, including clean water and water management, waste management,...
Snooping not possible with Sanchar Saathi app: Scindia
Union Communications Minister Jyotiraditya Scindia repeated that activation is entirely voluntary and requires user registration. “If you register it, it will remain active. If you don’t register it, it will remain inactive,” he said New Delhi: Union Communications...
D&O Market in 2026:Geopolitics and cyber drive risk exposures
For D&O insurers, the US especially is a highly complex market due to its high frequency of securities class action claims and surging average settlement costs, which rose by 27% in the first six months of 2025 to US$56mn Asia-domiciled risks are seeing heightened...
AI-based monsoon forecasting scheme implemented
Telephonic farmer feedback surveys were conducted in Madhya Pradesh and Bihar through Kisan Call Centres after the forecasts were sent. The survey revealed that 31–52% farmers adjusted their planting decisions, primarily through changes in land preparation and sowing...