Transport department notifies on vehicle insurance
The Transport department has issued a notification emphasizing the mandatory requirement of vehicle insurance as per the Motor Vehicles Act, 1988.The notification states that “(1) No person shall use, except as a passenger, or cause or allow any other person to use, a motor vehicle in a public place, unless there is in force, in relation to the...
Building on crop insurance’s strong foundation – AgriNews
SCOTTSDALE, Ariz. — America’s crop insurers are committed to building on the foundational principles of crop insurance to strengthen the farm safety net and offer more risk management products to more farmers.“Congress has repeatedly voted to strengthen crop insurance over the years, laying the foundation for a smart, actuarially-sound federal policy,” said Scott Arnold, chair of National Crop...
IDBI Bank Pulls Off Thrilling 2-Run Win Over Union Bank
DBI Bank snatch a fighting two-run win against Union Bank of India in a well-contested third round Elite Division match of the 13th Insurance Shield T20 Inter-Office Cricket Tournament 2024, organised by Oriental Insurance Company under the aegis of MCA (Mumbai Cricket Association) and played at Cross Maidan on Thursday.Batting first, IDBI Bank were...
Auto insurers don’t owe premium tax on dealer’s fees
An insurer doesn’t owe provincial premium tax on auto dealer’s fees charged for vehicle equipment warranties, the Supreme Court of B.C. has ruled.
Vehicle equipment warranties are commonly sold at auto dealerships. Customers pay for vehicle warranty policies as part of the sales purchase at the dealership. On top of charging for premiums and administrative charges remitted back to...
African Alliance Insurance pays N40bn claims in 4years
The African Alliance Insurance Plc on Thursday said it paid N40 billion as claims between 2019 and 2023.
Mrs Joyce Ojemudia, Managing Director of the insurance company, revealed this at a news conference in Lagos.
Ojemudia said that the payment, which spanned across diverse business units, indicated that N5.1 billion was paid for Group life claims, N7.5 billion for Individual...
$148 million in life insurance benefits located for Tennesseans
Posted by Kim Swindell Wood
(Feb. 26, 2024) - The Tennessee Department of Commerce & Insurance (“TDCI”) proudly announces that insurance policies totaling $148.1 million were located in 2023 for Tennesseans through the Life Insurance Policy Locator Service
Developed by the National Association of Insurance Commissioners (“NAIC”), the Life Insurance Policy Locator Service is a free service that enables beneficiaries,...
India News | Assam CM Inaugurates, Lays Foundation Stone for Rs 624 Crore Projects in Barpeta
Barpeta (Assam) , February 29 (ANI): As a part of the state government's Vikash Yatra, Assam Chief Minister Himanta Biswa Sarma inaugurated, laid foundations, and performed Bhumi Pujan for projects worth Rs 624 crore...
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climate change takes its toll on global economies
Swiss Re Institute has published a study on the impact of climate change on the world's economies.Based on 2022 data from 36 countries, the analysis only covers the four most frequent weather hazards: floods, tropical cyclones, winter storms and severe thunderstorms. Heat waves and droughts are not included in the study.The report estimates that...
When life brings change, keep your insurer informed
… of your insurance coverage. If you don’t notify your insurer, you … notify your insurer and ask them to update your insurance policy,’ she … types of insurance cover you have.
Remember that notifying your insurer of …
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