Ranchi, May 23: Chief secretary S.K. Choudhary today directed agriculture and co-operative departments to prepare proposals to extend crop insurance benefits to farmers during the current sowing season.
Insurers are struggling to assess the risks from climate change, industry officials say, with the floods in Australia and Brazil highlighting the potential losses from greater extremes of weather.
Scientists say a warmer world will cause more intense drought, floods, cyclones as well as rising sea levels and the insurance industry says the number of weather-related disasters has already soared
Consumers who buy minicars to economize on fuel are making a big tradeoff when it comes to safety in collisions, according to an insurance group that slammed three minimodels into midsize ones in tests.
INSURANCE executives held out hope to the afflicted late last month by announcing their willingness to end a notorious industry practice: charging higher premiums to people with health problems or denying them coverage altogether.
Deutsche Asset Management, the $800bn fund unit of Deutsche Bank, plans to launch the world's first private equity fund specialising in climate change, or green investments. "We're developing the product," Kevin Parker, DeAm chief executive, told the Financial Times. "We are already the biggest climate change investors in the world. That has happened really in just the past 18 months." The move dovetails with DeAm's commitment to climate change as a potentially huge investing trend and with its desire to develop more products in the higher-margin end of the asset management business.
Insurance companies, Indian government are the mainstay of the tobacco-driven company
It is fairly well known that ITC Limited, India’s biggest blue-chip company, earns its bread and butter from selling tobacco products like cigarettes and cigars. Its revenue for 2011-12 is a mammoth Rs 36,000 crore (US $7.2 billion) and net profit, Rs 6,162 crore ($1.23 billion).
