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Thorny issues remain as Congress negotiates financial regulatory overhaul

June 22nd, 2010 RSS FEED No comments

One evening late last week, as House and Senate negotiators wound down another marathon session hammering out details of a massive financial regulatory overhaul, Sen. Christopher J. Dodd (D-Conn.) uttered what almost everyone else in the room was thinking. "My own fear is that we’ve all died and this …
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IRDA to ensure fee won’t be a criterion in policy sale

June 22nd, 2010 RSS FEED No comments

Agents will have to sell policies based on client?s financial profile and need.
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ICICI Lombard pays Rs 177 cr to IOC as Jaipur unit fire claim

June 22nd, 2010 RSS FEED No comments

ICICI Lombard General Insurance Company has just settled a Rs 177-crore claim on account of a fire at Indian Oil Corporation?s (IOC) Jaipur storage facility last October.
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‘Know your ULIP before investing’

June 22nd, 2010 RSS FEED No comments

It’s back to business for insurance companies. With the government confirming the status of Unit Linked Insurance Plans (ULIPs) as insurance products.
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Munich RE implements StepStone Solutions

June 22nd, 2010 RSS FEED No comments

Munich Re has implemented StepStone Solutions Performance Management to provide consistent performance reviews for around 400 of its UK employee
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IRDA to frame new guidelines on ULIPs

June 22nd, 2010 RSS FEED No comments

IRDA on Monday said it would frame new guidelines for these products to make them more attractive for policy holders.
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Tata AIG General Insurance offers policies online

June 22nd, 2010 RSS FEED No comments

Tata AIG General Insurance today launched an interactive website offering users a slew of benefits like buying and renewing policies online, and getting quotes.
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BAJAJ Allianz General Insurance: Under-insurance won?t work against you

June 22nd, 2010 RSS FEED No comments

Bajaj Allianz General Insurance has recently come up with a home insurance cover, termed Easy Householder?s Package Policy.
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Lawmakers accuse BP chief of evasion over oil spill

June 20th, 2010 RSS FEED No comments

WASHINGTON (Reuters)—U.S. lawmakers berated BP P.L.C. CEO Tony Hayward at a hostile congressional hearing on Thursday, accusing him of evasion and ducking responsibility for the worst oil spill in U.S. history. In his first appearance before Congress since the start of the 59-day-old crisis in the Gulf of Mexico, …
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GAO proposes U.S. role in state catastrophe programs

June 20th, 2010 RSS FEED No comments

WASHINGTON—The Government Accountability Office has made four proposals that would increase the U.S. government’s role in state natural catastrophe insurance programs. In findings released Wednesday, the GAO proposed facilitating the transfer of risk, guaranteeing state pre- and post-event bonds, establishing a federal lending facility for qualified state natural catastrophe …
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How government cover came in handy for IRDA to swing the deal

June 20th, 2010 RSS FEED No comments

The development came as hardly a surprise to the seasoned former civil servant who had been privy to the decision taken at the highest level of the country?s establishment over a fortnight ago.
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