The Insurance (Amendment) Bill, 2021
The Insurance (Amendment) Bill, 2021 was introduced in Rajya Sabha by the Minister of Corporate Affairs, Ms. Nirmala Sitharaman, on March 15, 2021. The Bill amends the Insurance Act, 1938. The Act provides
Insurance Industry
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CAG to audit crop insurance schemes in nine states
The Comptroller and Auditor General (CAG) will conduct a performance audit of crop insurance schemes in nine states to examine the efficacy of such initiatives in providing relief to farmers in the event
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13% Karnataka farmers avail benefits of crop insurance
Bengaluru: Farmer suicides along with the state's poor record in crop insurance schemes is a huge concern for the Karnataka Agriculture Prices Commission (KAPC). The percentage of farmers utilizing
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Insurance companies taking too big a risk on fossil fuels, report says
The US insurance industry, the country’s second largest institutional investor in oil, gas and coal with $459bn in fossil fuel investments, needs to divest or face serious threats to its financial stability,
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Maharashtra plans to bring 20 lakh new farmers under credit plan
Plan will be expanded from the current Rs 53,000 cr to Rs 68,000 cr The state government has set a target to bring 20 lakh farmers, who have never taken loan, under the state credit plan 2016-17. The
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States award contracts for crop insurance
The Centre is now going to entrust the responsibility of getting more number of farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) with banks, a senior agriculture ministry has said. States
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Insurance companies feel activists' heat for underwriting fossil fuels
Climate activists are targeting the role of insurance companies in the expansion of fossil fuel production, highlighting the impact of extreme weather events on their bottom line. “We’ve already targeted
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State health insurance scheme to cover diabetic insulin
Financial bids to be opened on May 25, scheme to be rolled out in a month PANJIM: For the first time in the country diabetes insulin will be covered under a State health insurance scheme, which is all
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The observed clustering of damaging extratropical cyclones in Europe
<p>The clustering of severe European windstorms on annual timescales has substantial impacts on the (re-)insurance industry. Our knowledge of the risk is limited by large uncertainties in estimates of
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Chennai floods caused economic loss of $2.2 bn: Study
The floods in Chennai last year caused an economic loss of $2.2 billion, out of India's total economic loss of $6.2 billion suffered due to disasters in 2015, says a study by reinsurance company Swiss
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Chennai flood claims rising, may touch 5K-CR this fiscal
The recent Chennai floods may have brought the normalcy to city people, but loss of property and lives are still haunting the insurance industry with a stack of huge claims. The insurance industry, especially