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MARINE INSURANCE CLAIMS
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...- ICICI Lombard Q1 Results: Profit falls 46% on commercial insurance slowdown, higher claimsICICI Lombard reported a dramatic forty-six percent drop in profit for the first quarter, attributed to a downturn in commercial insurance ...
- Hormuz ship insurance demand drops as owners get nervousLondon marine insurers report fewer transit inquiries for the Strait of Hormuz. Shipowners show growing caution as US and Iran exchange att...
- If FIIs return, they tend to see it first. 15 stocks from financial services ecosystem, with upside potential as low as 3% to as high as 28%Financial services is where FIIs go when they turn positive on India. History shows us that much of the money goes to banks, and the wider ...
- BimaKavach appoints Pradeep Siddharthan as CTPOBusiness insurtech firm BimaKavach has appointed Pradeep Siddharthan as its Chief Technology and Product Officer. Siddharthan will spearhea...
- Fishermen are being pushed to the brink by fuel costs in Southeast AsiaRising energy, freight, and supply chain expenses are escalating seafood prices globally. Governments offer aid, but it's stretched thin, i...
- Holding stocks is harder than finding them: 10 mid- and small-caps stocks that may be worth holding on toHolding a stock is not an act of blind faith. It is not refusing to change one’s mind. It is not averaging down because the stock has falle...
- 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 builds insurance shield for risky sea trade as global cover dries upIn response to the challenges posed by renewed hostilities affecting maritime trade, Indian public sector insurers have unveiled an innovat...
- 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...
- West Asia war: Marine war-risk insurance tightens as reinsurers adopt no-market stanceWest Asia war: Reinsurers are pulling back marine war-risk cover amid heightened geopolitical risks after failed US-Iran talks, prompting I...
- Air India crash: Insurance companies grapple with claim complexities in some casesThe Air India Flight 171 crash, which killed 270 people, has complicated insurance claim settlements, particularly in cases where both the ...
- Insurance cos dread IPL cancellation, airlines & shipping lines premium hike amid an undeclared war scenarioTensions between India and Pakistan pose significant risks for insurers and reinsurers across various sectors, including sports, aviation, ...
- Suez Blockage: Ship unstuck but insurers concerned about millions of dollars in claimsFrom India, ICICI Lombard and Tata AIG are the leading marine insurers from the private sector whereas New India Assurance and Oriental Ins...
- Stranded Suez ship's owner, insurers face millions in claimsThe ship's owner, Japanese firm Shoei Kisen KK, and its insurers could face claims from the SCA for loss of revenue and from other ships wh...
- How to file a marine insurance claimIn the eventuality that goods are destroyed, damaged or stolen, a marine insurance claim needs to be made to the insurance company immediat...
- 'Rupee fall may push travel insurance claims by 8-10 pc'The falling rupee is likely to increase the cost of general insurers by an average 8-10 per cent in settling travel claims, according to in...
- General insurers' premium income from marine hull, aviation policies sees muted growthGeneral insurers' premium income from marine hull and aviation policies grew less then 5% in fiscal 2011-12 due to a slowdown in expansion ...
- Competing insurers help cut cost for shipping companiesIncreasing competition among insurance players has helped to reduce the outgoings of Indian ship owners and shipping companies, whose marin...
- Soaring claim costs transform marine insurance market
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