Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Low Insurance Penetration Creates Asia-Pacific Opportunities: Aon Benfield
Mar 11 2015 // As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a report published by Aon...
India Tops List of Countries at Risk From River Flooding, Analysis Shows
Mar 5 2015 // Gross domestic product at risk of flooding in India, the world’s second-most populous nation, may surge 10-fold by 2030 as cities expand and climate challenges worsen, according to the World Resources Institute. A...
Willis Signs Indian Market Joint Venture with Almondz Insurance Brokers
Feb 25 2015 // Willis Group Holdings plc announced that it has agreed to purchase a 49 percent stake in Almondz Insurance Brokers Private Limited, an Indian insurance broker with nearly 300 associates in nine offices in India serving...
RSA Sells 26% Holding in India’s Royal Sundaram Alliance Insurance
Feb 18 2015 // RSA Insurance Group plc announced that it agreed the sale of its 26 percent holding in Indian insurer Royal Sundaram Alliance Insurance Company Limited to Sundaram Finance Limited, its joint venture partner. RSA expects to...
Alabama Police, City Sued by Tourist Visiting from India After Assault
Feb 17 2015 // A man from India who was slammed to the ground by a police officer had been singled out by police after a caller said a “skinny black guy” with a toboggan hat was walking in the neighborhood and peering into...
Best Affirms Ratings of General Insurance Corporation of India
Feb 9 2015 // A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of India’s General Insurance Corporation of India (GIC Re), both with stable...
Factbox: U.S.-India Nuclear Deal Designed to Address Industry Liability
Feb 3 2015 // The nuclear “breakthrough understanding” between President Barack Obama and Prime Minister Narendra Modi seeks to allay U.S. concerns about industry liability and unlock billions of dollars in investments into...
Insurance Pool May Unlock India-U.S. Atomic Trade
Jan 26 2015 // Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of...
Obama’s Visit to India Ignites Nuclear Accident Liability Debate
Jan 23 2015 // It’s a $182 billion question for India with no easy answer. That’s the estimated amount the country plans to spend on nuclear power plants to meet Prime Minister Narendra Modi’s pledge to provide...
Munich Re’s 2014 Nat Cat Review Highlights Low Loss Levels
Jan 7 2015 // Munich Re’s review of losses caused by natural catastrophes in 2014 confirms that it was indeed another benign year for the re/insurance industry. “The absence of very severe catastrophes and a quiet hurricane...
India’s Prime Minister Plans Executive Order to Allow More Foreign Investment
Dec 24 2014 // Prime Minister Narendra Modi sought to pressure Indian lawmakers into approving two key economic policy changes a day after a parliament session ended without a vote on the bills. Modi will use an executive order known as...
Attempt in India to Raise Foreign Ownership Cap for Insurance Hits Logjam
Dec 23 2014 // Indian Prime Minister Narendra Modi risks failing to win approval from lawmakers for one of his biggest policy changes yet, a setback that dims prospects for other key bills until he wins greater sway in the upper...
India Uber Driver’s Rape Charge Raises Doubts About Oversight
Dec 10 2014 // The Uber taxi driver held on suspicion of raping a passenger in India is a career criminal who was out on bail for sexually assaulting a woman, Indian police said, raising fresh concern about the safety of using the...
India Moves Closer to Raising Foreign Direct Investment Cap for Insurance
Dec 10 2014 // Max India Ltd., the Indian partner of MS&AD Insurance Group Holdings Inc., Japan’s biggest casualty insurer, surged to its highest in a month after a parliament panel recommended the nation increase the cap on...
India’s Opposition Party Could Support Insurance Industry Liberalization
Nov 25 2014 // India’s main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence. Prime...
India’s Cyclone Hudhud May Have $400 Million Price Tag
Oct 22 2014 // Cyclone Hudhud, which hit India’s east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power supply systems and...
Cyclone Hudhud Makes Landfall on India’s East Coast
Oct 13 2014 // Cyclone Hudhud made landfall on India’s eastern coast on Sunday, Oct. 12 with gusts as strong as 195 kilometers per hour, according to the India Meteorological Department. With winds averaging 170 to 180 kilometers...
Knowing Clean Technology Customers
Oct 6 2014 // In the next 10 years, the clean technology market is expected to increase by more than 60 percent to nearly $400 billion worldwide, according to Clean Edge’s Clean Energy Trends 2014 Report – creating an enormous...
Companies to Pledge Action on Climate Change at UN Summit
Sep 22 2014 // While U.S. President Barack Obama and more than 100 other world leaders will meet in a summit devoted to climate change, the most tangible action on global warming this week may come from companies. Mars Inc. and others...
UPDATE: Death Toll in India, Pakistan Floods Reaches 400
Sep 10 2014 // The death toll from floods in Pakistan and India reached 400 on Tuesday as armies in both countries scrambled to help the victims and authorities in Islamabad warned of more flooding in the days ahead. The flash floods,...
