Four years ago, the Indian General insurance industry was on the brink of a huge change that is affecting them in many ways yet. Detariffing, or removal of price controls on various classes of General insurance business, was brought in from January 1, 2007. Each company was free to quote its own premium rates for [...]

First  Insurance  World  Broking  Services Pvt Ltd, an insurance broker registered with Insurance Regulatory and Development Authority (IRDA) has launched an insurance buying portal www.insuranzone.com which enables the public to compare and buy policies of any General insurance company online. Brand named Green Insurance and Any Time Motor (ATM) Insurance, Mr. Mathews Prabhakaran , Director [...]

Four General insurance companies, The New India Assurance Company, National Insurance Company, United India Insurance Company and ICICI Lombard General Insurance Company may pay Rs 310 crore to Haldia Petrochemicals for a fire that engulfed a part of the mother plant, about 125 km from Kolkata on July 2 this year, according to  media reports. [...]