Insurance commissioners in California, New York and Washington State will require that companies disclose how they intend to respond to the risks their businesses and customers face from increasing
The cyclone Thane in Tamil Nadu and Puduchery would have caused an economic loss of Rs 1,500 crore to Rs 2,000 crore, but the insurable loss is hardly Rs 100 crore.
Mumbai The state-owned General Insurance Corporation of India (GIC Re) — the sole official reinsurer— has mobilised support of almost $78 million from local general insurers for the proposed nuclea
Unlike the present system of allocation of funds to states on health care by the Centre, the high-level experts group (HLEG) on Universal Health Coverage (UHC) in its report to the Planning Commiss
According to the guidelines, a policyholder will have to approach an insurer 45 days before his policy with the old insurer expires, to enable the new company consider his application. In a circular, the IRDA said that the acquiring insurer will verify the claims history from the common database, which will have two years of claims experience.
ICICI Lombard General Insurance Company has been given the mandate to provide weather-based crop insurance for the ensuing Kharif season in Bilaspur district.It will provide cover for the tomato crop for the period starting from June 15, 2011, to December 15 in the Sadar block of the district for farmers.
The weather-based crop insurance scheme will provide cover against high and low temperatur
The biggest struggles in the recent past might have been surrounding land and land acquisition, but risk mitigation through an insurance cover is still a far cry.
Thus, in case Tata Motors bids adieu to Singur, where the government passed a Bill to take back the land it had earlier given to the company for setting a factory, it will have no insurance cover to minimise losses.
After burning its fingers over distribution of compensation of farmers' land, acquired for development projects, the state government has decided to out source the disbursal to the state-run Life Insurance Company (LIC).
The state government received a lone bid from LIC on Thursday, showing its willingness to take the onerous job of distributing compensation to the farmers, thus saving the Stat
