Insurers gear up to address Uttarakhand flood claims

Uttarakhand floods that have claimed over 100 lives in the last few days has also got insurance companies preparing for the claim settlement process. Both life and general insurance companies have said that their respective claims team have started gearing up to handle claims and process them in a quicker manner.

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Clinical trial liability insurance to see sustainable growth

 

 

 

The clinical trial liability insurance segment could see a period of stable and sustained growth, as the market is expected to become more professional for trials. General insurers are of the view the recent apex court view on the issue would lead to a more orderly growth.

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General Inspection of complaint pertaining to M/s ICICI Lombard General Insurance Company

General Inspection of complaint pertaining to M/s ICICI Lombard General Insurance Company Ltd., Noida – November, 2010; Complainant: M/s. Tara Jewels Pvt. Ltd. – Complaint No.1319/ICINL/COMP/09-10 – Trade Credit Insurance Claim under Policy No. 4031/0000001/02(E24079) – Violation of Regulations 5 of IRDA PPHI Regulations 2002

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Air India not liable for compensation under current insurance policy

Air India may have to rely solely on Boeing for compensation for the loss caused due to its Boeing 787 Dreamliners being grounded, as the insurance cover it has taken does not cover financial losses due to glitches occurring on account of technical and other factors. Read more

Health insurance set to get innovative

Notwithstanding presence of more than 24 health insurance companies, the Indian health insurance industry is still at a nascent stage compared with global peers. Globally, health insurance providers are much more advanced and have mature and developed products. Read more