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PROTECTION AND INDEMNITY INSURANCE
FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance PoolIndia's Department of Financial Services launched a new sovereign-backed P&I insurance product. This product is designed by New India Assur...- Warren Buffett said Berkshire Hathaway would be worth half without this company – although it kept shrinkingWarren Buffett once told his shareholders that without one particular acquisition, Berkshire Hathaway “would be lucky to be worth half of w...
- India's war-risk insurance pool faces its first real-world testIndia's new maritime insurance pool has received its first claim. A vessel covered by the arrangement was damaged in a drone attack. This i...
- Catch 'em before they fall: India's new climate safety netIndian cities face a dual threat of extreme heat and torrential monsoons, severely impacting informal workers. Traditional insurance and go...
- India’s shipping services to East Hormuz and Red Sea doubled from FebruaryShipping routes East of Hormuz and in the Red Sea have seen a significant increase in services. The Indian government is also processing a ...
- Agentic anxiety pushes IT to run for policy coverAI adoption is exposing Indian IT firms to a new wave of legal risks, driving cos to seek insurance protection for execs and operations, wr...
- Will provide insurance to all vessels coming to or going from India: DFS Secretary NagarajuIndia has launched its own maritime insurance pool. This initiative aims to support Indian maritime trade. Vedanta Sterlite, Balrampur Suga...
- India expands Russian marine insurance optionsIndia has increased the number of Russian insurers authorized to provide marine cover for ships docking at its ports. This move allows more...
- India gives one month extension to four Russian insurersIndia has temporarily greenlit four Russian insurance firms to maintain marine coverage for incoming ships at its ports. This interim solut...
- Nirmala Sitharaman vocal for local Maritime Protection & Indemnity Insurance bodyFinance Minister Nirmala Sitharaman has advocated for the establishment of a locally owned Protection and Indemnity Insurance (P&I) entity ...
- Defined benefit vs indemnity type health insurance policy for coronavirus: Here's how to choose oneA benefit-based policy will ensure a fixed and guaranteed lump sum amount equal to the sum insured if one tests positive for Covid-19 and i...
- Irdai sets up panel to draft standard professional indemnity policy for insurance intermediariesInsurance intermediaries such as insurance brokers, insurance web aggregators, and corporate agent are required to take professional indemn...
- Startup investors plan for tax demand shieldTweak agreements to include protection against any sudden I-T Dept impositions
- Why are insurance companies bullish about the new bankruptcy law"As of now, the normal professional indemnity cover can protect," said Sanjay Datta, chief underwriting and claims, at ICICI Lombard differ...
- Now, an insurance cover for insolvency professionalsThese decisions might involve transactions worth crores of rupees.
- Banks still don't buy cyber fraud coversAll three banks have taken the mandatory 'bankers indemnity' insurance cover, they have not insured themselves against data breaches and cy...
- Expert advice on how to pick the right health investment planTo dematerialise an existing policy, you can call up the customer services team and request for details. The insurer will share the list of...
- Tax worries shape merger and acquisition negotiations between strategic buyers and sellerPE funds and strategic buyers are asking for indemnity bond or insurance from the seller to cover a tax demand that may emerge in the futur...
- INSA asks EU to continue insurance cover to Indian shipsINSA has mentioned that not providing insurance cover would be against the International Convention on Civil Liability for Oil Pollution Da...
- High claims may push up marine insurance ratesSteep rise in claims and turmoil in financial markets are expected to push up marine insurance rates by 20% by the year-end, thus hitting s...
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