Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Europe Calls for Tougher Limits on Super Greenhouse Gases (HFCs)
May 1 2015 // The European Commission on Thursday called for a tougher U.N. Montreal Protocol to protect the ozone layer by curbing super greenhouse gases known as HFCs, that have a global warming potential thousands of times greater...
Deadly Quake in Nepal; Aftershocks, Weather Hamper Rescue: AIR Analysis
Apr 27 2015 // As scenes of devastation flashed around the world, the destruction and loss of life from the most severe earthquake to hit Nepal in 80 years has become apparent. Catastrophe modeling firm AIR Worldwide said the quake...
Patriot National Buys Software Firm, Vikaran, and India Development Unit
Apr 20 2015 // Florida-based workers’ compensation outsourcing services firm Patriot National Inc. has acquired Vikaran Solutions, a Chicago-based insurance technology company, and its Pune, India-based software development center,...
A.M. Best: India Law to Raise Foreign Investment Interest in Insurance Sector
Mar 24 2015 // There will be heavy interest fromforeign investors in India’s insurance sector now that global insurers are permitted to increase their stakes in Indian companies, according to a new briefing from A.M. Best. The...
India Insurance Bill Could Attract More Than $3 Billion in Foreign Investments
Mar 13 2015 // Indian companies with insurance ventures, including Max India Ltd. and Reliance Capital Ltd., are poised to benefit from higher foreign-shareholding limits that may draw more than $3 billion from overseas investors. The...
India Raises Insurance Investment Cap in First Big Win for Modi
Mar 12 2015 // India’s parliament voted to increase the foreign investment limit in the insurance industry, the first major legislative victory for Prime Minister Narendra Modi as he seeks to overhaul Asia’s third-biggest...
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...
