In a surprising development, V. Jagannathan, the founder of Star Health and Allied Insurance Company Ltd, has stepped down from the company’s Board. Earlier this year, he had already resigned from his position as Chairman. The resignation, effective immediately from June 10, 2023, was confirmed by Star Health in a filing with the Bombay Stock…
UK finance ministers gathered in Cardiff to discuss key economic matters, focusing on budget flexibility, funding growth, and the upcoming UK Spring Statement. Learn the top 5 takeaways. Finance ministers of the United Kingdom recently met in Cardiff to deliberate on critical economic matters shaping the country’s financial future. The discussions covered budget flexibility, funding…
Cyber Insurance: In our interconnected world, where technology and data fuel our daily lives, the threat of cyberattacks and data breaches has become a pressing concern. As cybercriminals employ increasingly sophisticated techniques, individuals and organizations must take proactive steps to protect themselves. Thus insurance plays a crucial role and Cyber insurance has emerged as a…
In the world of insurance, STFI, which stands for Storm, Tempest, Flood, and Inundation, plays a crucial role in providing thorough coverage. These four natural disasters—storms, tempests, floods, and inundations—can cause significant damage to homes and belongings. Understanding what STFI covers is essential for those looking to protect themselves from the unpredictable forces of nature….
Experiencing a fire can be devastating, causing financial and emotional stress. Whether you’re a homeowner, renter, or business owner, filing a fire insurance claim correctly is crucial to receiving fair compensation. However, claim rejections, underpayments, and delays are common issues.
A significant judgment reinforcing policyholder rights in insurance contracts In a significant ruling that strengthens the rights of policyholders, the Jammu & Kashmir and Ladakh High Court has held that an insurance company cannot rely on a concealed or inadequately disclosed exclusion clause to reject a genuine insurance claim. The judgment reiterates a fundamental principle…
When a fire incident occurs, the first and most important step is to immediately inform your insurance company. Delays can complicate the process or even impact the outcome of your claim. Provide your policy number, a brief description of the incident, and an initial estimate of the loss. Always follow up your phone call with…
