TITANIC, TP INSURANCE AND TARIFF
1. Abstract 1-1. Back to basics- Cover -Liability and Premium 1-1-1. Whether the basic policy and premium for motor TP insurance provided in the Indian Motor Tariff,…
AN OVERVIEW OF MARINE INSURANCE
Introduction The origins of modern marine insurance are to be found in the practices adopted by Italian merchants from the 14th century onwards, although there is little doubt that the…
Severe dengue symptoms see surge in health insurance claims
As per provisional data available from National Vector Borne Disease Control Program (NVBDCP) India has witnessed a 14-fold increase in the number of dengue cases reported between…
Iran shipping insurance may be unusable without clear dues
A group covering vessel owners said that insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions…
World’s first insured Bitcoin vault opens in United Kingdom
The world's first Bitcoin storage service that insures deposits of the digital currency against hackers and accidental loss has opened in London. Bitcoin is a virtual currency that can be…
UK insurance bill for storm and flood damage estimated to cost £426 million
The insured bill for the damage caused by the storms and flooding over the Christmas 2013 and New Year period looks set to cost £426 million, according…
Renewal methods that can be incorporated in policy conditions?
There are a number of renewal methods that can be incorporated in policy conditions such as (i) Non-cancelable renewals - renewals assured and without – any changes.…
procedures that an underwriter must adopt while accepting extra hazardous risks?
There are some risks which are claim-prone owing to the physical Hazard. They are generally referred to the Controlling Office along with the following particulars; (a) Completed proposal form (b)…
What are the skills that an underwriter must possess?
An Underwriter should possess the following skills: a.He should be able to visualize the property or interest to be insured and the variety of potential risks that can cause losses…
Need of health insurance ?
In a country like India, where maximum medical expenses are borne by individuals themselves , planning for health expenditure needs to be inculcated. Unpredictable major illnesses may require substantial amounts…