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News
IRDAI slaps 1 crore fine on ICICI Lomard,
6+ day, 16+ hour ago (229+ words) The IRDAI passed an order against ICICI Lombard General Insurance after conducting an onsite inspection conducted during September 2019 and subsequent enforcement proceedings. Hyderabad:The IRDAI on Monday, has imposed a monetary penalty of Rs. 1 crore on ICICI Lombard General Insurance…...
Nepal floods could cost insurers over $130 million even before death, injury claims
1+ week, 2+ day ago (526+ words) by AIP Online Bureau | Sep 5, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance | 0 comments MUMBAI:The devastating flood in Nepal last week could result in commercial insurance losses exceeding 20 billion Nepali rupees ($132.3 million), with hydropower projects accounting for most…...
Nepal Floods Catastrophe:15 non-life insurers report losses of Rs25.87 billion
1+ week, 4+ day ago (327+ words) by AIP Online Bureau | Sep 3, 2026 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Regulation | 0 comments Kathmandu:Insurance claims arising from the devastating Bhote Koshi flood in Nepal have surged to Rs25.87 billion, with 15 non-life insurers reporting losses as…...
Govt wants PSU general insurers to borrow `EASE??? from banking counterparts to fight out competition
2+ week, 5+ hour ago (506+ words) by AIP Online Bureau | Aug 31, 2026 | Indian News, Non-Life, Policy, Technology | 0 comments Debasish Prusty, additional secretary, DFS, on Sept 27, convened a meeting with executive directors and general managers of the six PSU insurers to deliberate on the proposed implementation of the…...