third party liability

Ban uninsured vehicles, court urged (Lead)

September 12th, 2012 - 6:52 pm ICT by IANS
New Delhi, Sep 12 (IANS) The Delhi High Court Wednesday issued notice to the central and Delhi governments and the Delhi Police commissioner on a plea seeking directions not to ... Read more...

Posted in Business |

EU to enforce Iran oil embargo from July onwards

June 26th, 2012 - 10:57 am ICT by IANS
Brussels, June 26 (IANS) The European Union (EU) has formally approved an embargo on Iranian oil to be enforced from July 1 onwards.The EU Foreign Affairs Council made the decision ... Read more...

Posted in World |

Stay on Rs.75 lakh compensation to Mangalore crash victims

August 25th, 2011 - 4:52 pm ICT by IANS
Kochi, Aug 25 (IANS) A division bench of the Kerala High Court Thursday stayed a single bench verdict ordering national carrier Air India to pay Rs.75 lakh ($168,000) each to ... Read more...

Posted in Business |

ICICI Lombard to hike diesel vehicles’ insurance premium

June 27th, 2011 - 10:12 pm ICT by IANS
Kolkata, June 27 (IANS) ICICI Lombard, a major private sector player in general insurance, will increase policy premium on diesel vehicles over petrol vehicles by up to 15 percent, a ... Read more...

Posted in Business |

Profitability big challenge for Indian insurers: Report

April 11th, 2011 - 7:30 pm ICT by IANS
Chennai, April 11 (IANS) Profitability is the biggest challenge facing companies in the Indian insurance market, which is expected to reach $350-400 billion in premium income by 2020, says a ... Read more...

Posted in Uncategorized |

Insurance fund for road accident victims facing deficit

December 11th, 2010 - 10:10 pm ICT by IANS
Chennai, Dec 11 (IANS) The system of paying third-party liability claims in road accidents out of a common premium pool is likely to continue in the future while the corpus is running ... Read more...

Posted in Business |

Chola MS targets Rs.900 crore premium in 2010-11

July 16th, 2010 - 8:47 pm ICT by IANS
Chennai, July 16 (IANS) City-based non-life insurer Cholamandalam MS is targeting a premium of Rs.900 crore this fiscal and hoping to bring down its underwriting loss (premium minus claims paid), a top ... Read more...

Posted in Business |

We don’t want an Enron in nuclear power sector: Kakodkar

December 11th, 2008 - 9:32 pm ICT by IANS
Tiruchirappalli (Tamil Nadu), Dec 11 (IANS) Atomic Energy Commission (AEC) chairman Anil Kakodkar Thursday said only experienced private companies will be allowed in nuclear power generation."Private players with experience in nuclear power ... Read more...

Posted in Business |