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NATURAL DISASTER INSURANCE
India's GIC Re plans to reduce share of overseas property risk as climate losses riseIndian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the compa...- Palestinian Embassy calls for urgent medical aid: "If not India and Indian people, then who?"Palestine's Embassy in India has issued a dire plea for immediate medical aid, warning of a healthcare sector collapse due to ongoing confl...
- Nirmala Sitharaman flags global risks, says PM Modi Govt ensuring supply stability amid crude, Hormuz pressuresUnion Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, ...
- Earth observation can add USD 263 billion in annual economic value globally: ReportEarth observation data offers a massive economic opportunity, potentially worth over USD 700 billion annually. However, a significant porti...
- Florida insurer Safepoint eyes $1.16 billion valuation in US IPOThe Tampa, Florida-based company and some of its backers are seeking to raise up to $283.3 million by offering 16.7 million shares priced ...
- Man loves neighbour's tree shade, parks his car under it for years. Storm hits and then demands Rs 72,000 from neighbour for car damage. Should he pay?A neighborhood dispute over a fallen tree and a Rs 72,000 compensation demand has gone viral. A man claims his neighbor, who regularly park...
- $1 million home or $1 million in 401(k)? The retirement choice that could change your future$1 million home vs 401(k) retirement strategy: Housing prices have jumped nearly 55% since 2020, and that single number is reshaping the $1...
- Pooling together to tackle riskIndia needs a diversified financial strategy to manage disaster risks, as about 90% of economic losses from natural disasters remain uninsu...
- India needs insurance pool to cover natural disasters: SBI ResearchIndia is a hugely under-insured country and the insurance sector and governments need to actively engage and discuss how best to address th...
- China encourages mainland insurers to sell catastrophe bonds in Hong KongMainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise fund...
- General insurers mull hiking premia for natural disastersGeneral insurers are likely to take a hit to the tune of Rs 4,000 cr from calamities, thus they plan to increase premia under catastrophe c...
- Natural disasters & terrorism drive sales of travel insuranceEven though 90% of people are aware about it, only 20% opt for travel insurance when they hit the road, industry sources said.
- GIC Re moots common disaster management platform for SAARC countriesGIC Re has called for a common disaster management platform for the SAARC nations to tackle the rising incidence of natural disasters in th...
- Global economy loses $37 billion from calamities in H1 2015: Report"According to estimates, economic losses from both natural catastrophes and man-made disasters reached $ 37 bn in the first half of 2015," ...
- GIC Re plans to set up national catastrophe fundGIC Re has the expertise of managing the terrorism pool effectively and the same would be applied for supervising the proposed catastrophic...
- Natural disasters are beyond your control, better be insuredDisasters like the one in Jammu & Kashmir lead to tremendous loss of lives, leaving the bread earner's dependants financially vulnerable.
- New India Assurance does not see many claims from cyclone 'Phailin'The public insurer had earlier said it was likely to see around Rs 150 crore claims from the Uttarakhand disaster.
- Funds managed by insurers to touch Rs 30 lakh crore in 5 years: IRDA chiefFormer LIC chairman T S Vijayan's name has been proposed for heading IRDA but a formal announcement is still awaited.
- Home insurance: Cover your home against natural disastersAs the recent earthquake in Sikkim shows, no one is immune to natural calamities. Insuring your house will not only protect this costly ass...
- Natural, man-made disasters wipe out $269 bn globally in '08It is not just the financial crisis that is proving costly for economies, but natural and man-made disasters are also eroding global wealth...
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