The approval for a domestic maritime insurance pool will reduce cost of cover for Indian vessels, lower reliance on overseas insurers and help build domestic underwriting expertise in complex marine ...

The Illinois Commercial Auto Assigned Risk Plan has posted underwriting losses approaching levels typically associated with market distress, raising new questions about oversight, exposure ...

After disruptions in the Strait of Hormuz drove up war-risk premiums and triggered insurance cancellations, the government has moved to set up the Bharat Maritime Insurance Pool (BMIP) -- a domestic ...

Why do we allow insurance pools, especially in health insurance? Obviously it is a moneymaker for the insurance company, but it appears unique to the insurance industry. My neighbors and I don't pay ...

Mumbai: With the cessation of hostilities between the US and Iran hopes have risen of normalization of trade, but Indian ...

With insurance becoming scarce amid the West Asia crisis, the Cabinet on Saturday approved a $1.4-billion (Rs 12,980 crore) sovereign guarantee to back a new industry-led pool that will cover maritime ...

New Delhi [India], May 13 (ANI): The Department of Financial Services, Ministry of Finance, held an event chaired by the Secretary, DFS, M Nagaraju to launch the domestic insurance pool, namely ...

New Delhi [India], April 19 (ANI): The Union Cabinet approved the proposal for the creation of a domestic insurance pool, namely 'Bharat Maritime Insurance Pool' (BMI pool) with a sovereign guarantee ...