California’s home insurance plan of last resort, designed for people who can’t get coverage on the private market, does not have enough money to pay claims from the Los Angeles wildfires and is getting an infusion of cash from regular insurers. State regulators said Tuesday that they will allow the program, known as the FAIR…
MUMBAI: RBI has said that it will introduce new guidelines to address mis-selling and forced selling of insurance. Additionally, it has granted regulatory relief to banks by postponing proposed regulations on liquidity requirements, provisions for potential defaults, and rules concerning subsidiaries. Instead, RBI will adopt a consultative approach before implementing these regulations.In his first post-policy…
NEW DELHI: Agriculture minister Shivraj Singh Chouhan Tuesday assured Lok Sabha govt was committed to taking action against anyone found guilty of corruption in the crop insurance scheme – PM Fasal Bima Yojana.The minister was responding to a question by Supriya Sule of NCP (SP) alleging corruption of Rs 5,000 crore in Maharashtra related to…
As the finance ministry gears up for upcoming Union budget 2025, speculations are under way for announcements that could strengthen India’s financial growth, reforming insurance sector, taxation system and healthcare landscape. A recent report by the State Bank of India (SBI) suggested that the government should consider increasing the budget allocated for healthcare by 5…
उत्तर प्रदेश के प्रयागराज में भव्य महाकुंभ मेले का आगाज हो चुका है। इसमें देश-विदेश से करोड़ों की तादात में श्रद्धालुओं व साधु-संत आएंगे. इसकी सुविधा का खास ख्याल रखते हुए इस बार महाकुम्भ पूरा Digital कर दिया गया है। यूपी सरकार ने जगह जगह QR Code scanner लगवाएं है। और इस मकसद को पूरा…
The State of Texas sued Allstate on Monday, accusing the insurer of illegally tracking drivers by way of their phones through a subsidiary called Arity that claimed to have the “world’s largest driving behavior database.” “Allstate and Arity paid mobile apps millions of dollars to install Allstate’s tracking software,” Ken Paxton, the state’s attorney general,…
SACRAMENTO: The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk. The wind-driven blazes that started Tuesday roared through neighborhoods from the Pacific Coast inland to Pasadena and the…
A devastating toll More of the Los Angeles area is ablaze on Thursday, after a new wildfire in the Hollywood Hills broke out as firefighters sought to contain others, including the 17,200-acre Palisades fire. Critical fire conditions are expected to continue for at least another day. The blazes are already the most destructive in Los…
Insurance Claim: हेल्थ इंश्योरेंस कराने के बाद उसका पेमेंट पाने में भी बहुत झमेला है. इंश्योरेंस कंपनियां मरीजों को परेशान करने के बाद उनके हेल्थ इंश्योरेंस क्लेम का पेमेंट करती हैं. कई बार तो हॉस्पिटल से डिस्चार्ज होने के बाद छह से 48 घंटे तक इसके लिए इंतजार करना पड़ता है. इंश्योरेंस कंपनियों की ओर…
Insurance Ombudsman: हेल्थ इंश्योरेंस कराने की लोगों में होड़ लगी रहती है. सेहत में किसी अनहोनी की आशंका से पैसे के भारी खर्च से बचने के लिए लोग हेल्थ इंश्योरेंस कराते हैं. लेकिन हेल्थ इंश्योरेंस से कितनों का भला होता है, इसकी पोल खुल गई है. इंश्योरेंस रेगुलेटर इंश्योरेंस रेगुलेटरी डेवलपमेंट अथॉरिटी यानी आईआरडीएआई की…