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BANKRUPTCY IN INSURANCE COMPANIES
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- Warren Buffett's framework for finding businesses to invest : The ‘Shiftless Nephew test’Warren Buffett once revealed a brutally simple test for separating great businesses from merely good ones: Could you put a lazy, not-too-sm...15 May, 2026, 06.56 AM IST
- Coforge’s Q4 profit doubles to Rs 612 crore on robust deal winsCoforge's net profit surged over 135% in Q4 FY26, driven by AI efficiencies and strong revenue growth. The IT service provider reported rob...06 May, 2026, 10.05 AM IST
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- Spirit Airlines stops flying with immediate effect: What travelers need to do about bookings and refundsLow-cost carrier Spirit Airlines has shut down operations. All flights are cancelled. The airline cites years of financial struggles and ri...02 May, 2026, 01.06 PM IST
- Regulatory changes to provide necessary push to surety bonds business, say expertsRegulatory changes and standardization are set to boost surety bonds introduced in 2022 by general insurance companies. These bonds will su...27 Oct, 2024, 06.30 PM IST
- IRDAI proposes flexible lock-in period for investors in insurance companiesEarlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain case...06 Feb, 2024, 11.41 PM IST
- US regulators order Voyager Digital to stop 'false and misleading' deposit insurance claimsThe Federal Reserve and the Federal Deposit Insurance Corp (FDIC) sent a letter to the firm on Thursday stating they believed that Voyager ...29 Jul, 2022, 01.46 PM IST
- Piramal Enterprises not eligible to buy Reliance Nippon Life due to Irdai restrictionPiramal Enterprises is one of the 54 prospective resolution applicants (PRAs) for Reliance Capital and its subsidiaries.26 May, 2022, 05.50 PM IST
- Directors’ and officers’ covers become costlier as their liabilities riseThe premium charged on D&O insurance has increased in some cases up to even Rs 3 crore, from Rs 1.5 crore on average, for sums assured in t...18 Jun, 2021, 07.18 AM IST
- IRDAI issues draft guidelines on trade credit insuranceBased on the recommendations of a working group on revisiting guidelines on trade credit insurance, the Insurance Regulatory and Developmen...07 Apr, 2021, 07.29 PM IST
- DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposureDHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential Internationa...06 Dec, 2019, 06.49 PM IST
- Insurance companies create policies to protect IRPsInsolvency resolution professional is appointed as CEO by lenders during the bankruptcy proceedings.02 Apr, 2018, 10.31 AM IST
- 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...26 Aug, 2017, 12.43 PM IST
- Cabinet gives green signal to bankruptcy framework for financial sectorIt will help resolve insolvency in entities such as banks and insurance cos, a key element in one of the most significant reform initiative...15 Jun, 2017, 12.48 AM IST
- Bill to address bankruptcy in financial sector in next Parliament session: Finance MinistryThe proposed bill will cover all financial service providers that include banks, NBFCs and microfinance institutions which have money depos...23 May, 2017, 08.33 PM IST
- Insolvency professionals on the hunt for indemnity coverGlobally under this cover, the product insures insolvency practitioners against claims for professional negligence.14 Apr, 2017, 02.58 PM IST
- Feedback sought on draft law to fix bankruptcy in banks, insurance companiesParliament has already passed a bankruptcy law to resolve failures of non-financial firms and also changes in debt recovery and the Sarfaes...29 Sep, 2016, 03.31 AM IST
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