The IRDAI is enforcing the removal of the arbitration clause for General Insurance retail lines, while prescribing the specific clause to be used for GI commercial lines.
White Oak is set to lodge new legal claims in Australia against Greensill Capital's insurers for alleged knowledge of policy issues, as it seeks to recover funds lost due to Greensill's collapse.
The Official Committee of Unsecured Creditors pushes for liquidation and draws parallels to infamous Ponzi scheme run by Bernie Madoff, while Vesttoo's interim CEO defends reorganisation strategy, asserting...
After a legal dispute spanning over two years, the insurers withdrew their appeal against a business interruption claim by Le Meridien Phuket resort, paving the way for potential recovery of several million...
The Auckland High Court has ordered the insurer, a subsidiary of Suncorp New Zealand, to pay the reduced fine for failing to apply multi-policy discounts to nearly 42,000 customers
Bin was sentenced to death for taking bribes and concealing overseas deposits; a two-year reprieve commuted his sentence to life imprisonment without parole or sentence reduction.
The Australian regulator initiated civil proceedings against IAL and IMA for allegedly misleading customers about loyalty discounts on home insurance policies.
