Insurance-Tips

A man has been charged with insurance fraud after trying to claim over £1million for a double amputation caused by alleged self-inflicted frostbite.Investigators accused the man, identified only by his surname Chang, of deliberately immersing his legs in a bucket filled with dry ice for 10 hours in order to claim money from insurers when his limbs were...

New Delhi, Mar 15 (PTI) The finance ministry on Friday notified the lower 15 per cent duty rate on the import of electronic vehicles (EV) of a minimum value of USD 35,000, subject to...

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The Union Government has given the green light to a scheme aimed at elevating India's status as a premier manufacturing hub for electric vehicles (EVs) equipped with cutting-edge technology. This initiative is poised to attract substantial investments from renowned global EV manufacturers, bolstering the nation's automotive sector.The policy's objectives are multifaceted, envisioning not only the provision of state-of-the-art...

Insolvent Romanian insurer Euroins, under the external management of CITR insolvency experts, has sued the Bulgarian reinsurance company EIG Re in order to recover some RON 800 million (EUR 160 million) transferred by the Romanian subsidiary a couple of weeks before losing its operating license.  CITR sued EIG Re, a reinsurance firm in the Eurohold group, both in Romania...

BOSTON (March 12, 2024) – Liberty Mutual Insurance has appointed Amit Khanna Chief Claims & Service Officer, US Retail Markets (USRM), effective March 25. Khanna will oversee the strategic and operational direction of Liberty Mutual’s personal lines and small commercial claims, and customer and agent service organizations. In 2023, these teams of more than 10,000 employees processed more...

… However, experts at GAP insurance provider ALA Insurance, say you could reduce … shopping around for multiple insurance policies for you and … to combine these into one insurer. This is the same … discussing these options with your insurer, because it can leave … Source link

Business Wire IndiaInCred Financial Services Limited (InCred Finance) – one of India's leading diversified NBFCs, that turned Unicorn last year, has another reason to celebrate!   CRISIL has upgraded the long-term rating for InCred Finance to ‘CRISIL AA-/Stable’ from the earlier rating, which was ‘CRISIL A+/Stable’. The upgrade in ratings reflects strong capitalization of the company supported by high pedigree...

Popular business reality show Shark Tank India is currently running with its third season, which has the most number of judges, with twelve sharks on the panel this time. While we know that only a few sharks’ own companies are profitable, what about their valuations? From Aman Gupta's BoAt to Deepinder Goyal's Zomato, here’s a list of estimated valuations...

Over 4.8 mn mandatory electronic insurance policies were issued in Uzbekistan through a unified automated information system. As of September 1, 2024, all insurance (reinsurance) contracts are required to be registered via this system, which also facilitates the issuance of insurance policies. Dilnoza Sobirova, Head of Information Services at the National Agency for Prospective Projects (NAPP), announced this...