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Compensation Assured for Crash Victims

The only case where there could be a change in insurance payout is if Air India's management were found to be aware of the accident and the accident was deliberate. IMAGE: The tail of the......

$150 Million Insurance Claims Loom After AI 171 Crash

The claims will include three kinds of liabilities: Damage to the aircraft; loss of lives who were aboard the aircraft; including the crew members; and third-party liability because of loss of......

USTR Report Intensifies Trade Tensions With India

The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy. Kindly note the image has been posted only for......

Indian Nuclear Energy Pool may be delayed

The Indian Nuclear Energy Pool, meant to insure risks from nuclear reactors, may take longer to be set up. While the idea of forming a pool was mooted earlier this year, it has reached a deadlock......

Modi & Obama's back-room boys broke impasse on N-deal in London

The agreement was reached in intensive negotiations between contact groups that Obama and Modi had set up in September specifically to break the deadlock. Ajai Shukla reportsWashington and New......

'Govt won't privatise GIC Re at this stage'

'Because it is the only public sector company in this sector, currently.' Illustration: Uttam Ghosh/Rediff.com Chairman and Managing Director of General Insurance Corporation of India (GIC Re)......

GIC Re part of Rs 500-crore insurance pool to cover imports from Russia

Overcoming its initial concerns, national reinsurer GIC Re has contributed to the formation of an insurance pool to cover most imports from Russia. Photograph: Aly Song/Reuters While it will be......

Nepal quake: GIC Re stares at Rs 1,000-cr claim payouts

As the death toll in the devastating earthquake in Nepal continues to rise, GIC Re, which is the largest re-insurer in the Himalayan nation, said the company is expecting to pay a whopping Rs......

Meet India's first private reinsurer

In Debasish Panda’s last board meeting as chairperson of the Insurance Regulatory and Development Authority of India (Irdai), the regulator approved the “R2” licence for Kamlesh......

Terrorism Premiums To Drop 15% From April 1

'India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.' IMAGE: Indian Army soldiers take position during a gun battle at the Taj Mahal hotel in Mumbai in this......

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