Chandraprasad new CMD of National Insurance

October 11th, 2009 CHENNAI - The four government-owned non-life insurers - National Insurance, New India, Oriental Insurance and United India - have posted a combined business growth of 10.55 percent for the first half this fiscal. "The four companies earned a total premium of Rs.9,991.18 crore during the period, up from Rs.9,059.3 crore earned during the first half of 2008-09," J.

September 24th, 2009 Health care issues: Shopping for insuranceA look at key issues in the nation's health care debate: THE ISSUE: Is there an easier, more transparent way for consumers to shop for health insurance? THE POLITICS: Most Americans under age 65 get insurance coverage through their employers. Small-business employers, however, increasingly find policies unaffordable.

August 30th, 2009 MUMBAI - The Institute of Chartered Accountants of India (ICAI) is all set to come out with insurance specific accounting standards in the next three months. Interacting with newsmen here on Sunday ICAI President, Uttam Prakash Agarwal, said: "We are likely to come out with a insurance sector accounting standards in the next two-three months." Agarwal informed that ICAI has appointed a group of experts for the purpose, once the board approves the recommendations of the committee it will become mandatory.

August 21st, 2009 HCC Insurance increases dividend to 13.5 centsHOUSTON — HCC Insurance Holdings Inc. on Friday said that its board increased its dividend by 8 percent, to 13.5 cents per share from 12.5 cents per share.

August 14th, 2009 Obama says he's not trying to vilify insurersBELGRADE, Mont. — President Barack Obama says he isn't trying to vilify the insurance companies.

August 12th, 2009 Lawmaker health insurance costs at a glanceLawmakers in many states enjoy free or heavily subsidized health insurance paid for by tax dollars, even as the recession claims the jobs and health benefits of millions of workers who elected them. The disparity is creating a backlash in some states to cut back lawmakers' health benefits.

July 21st, 2009 NEW DELHI - Despite achieving a healthy 16 percent annual growth rate, India's general insurance business accounts for just 0.6 percent of the gross domestic product (GDP), compared to the world average of 2.14 percent, says a report released here Tuesday. "The penetration of general insurance in India remains low on account of low consumer preference, largely untapped rural markets and constrained distribution channels," said the report jointly prepared by Crisil and the Associated Chambers of Commerce and Industry of India (Assocham).

June 29th, 2009 Calif. to seek Iran investment info from insurersSACRAMENTO, Calif. — Insurance companies in California will have 90 days to report all Iran-related investments.

June 11th, 2009 KOLKATA - The country's insurance regulator may issue norms for estimating "embedded value" of future insurance premiums by August, a top official said here Wednesday. "The guidance note is ready and it would be issued within two months," J.

May 27th, 2009 NEW DELHI - Amity Global Business School, in collaboration with Max New York Life Insurance, Wednesday announced the launch of a post-graduate diploma in insurance and sales management. The programme offers professional training in specialised subjects such as insurance sales practices and management, insurance products, legal and regulatory aspects of life insurance as well as general and marketing management.

March 25th, 2009 KOLKATA - State-owned non-life insurance company National Insurance, which tied up with Tata Motors two months ago, expects the comprehensive insurance premium for the auto major's small car Nano to be around Rs.3,000-Rs.4,000 a year initially, a top company official said here Wednesday. 'If we provide the insurance for Nano, rates would be adjusted after studying the accident claims for a period of at least a year,' V.

February 5th, 2009 CHENNAI - The Hyderabad-based Dawn Services, the first third party administrator (TPA) to be licensed by the Indian insurance watchdog, has decided to exit the business. According to Insurance Regulatory Development Authority (IRDA), the TPA licence to Dawn Services has not been renewed upon request.

January 1st, 2009 CHENNAI - India's insurance watchdog Friday offered life insurers, and more particularly the private life insurers, a mega New Year gift by easing solvency norms for the third time in recent days. Solvency margin is the excess of assets that a life insurer has to maintain over its liabilities.

December 22nd, 2008 AGARTALA - Over 1,700 insurance employees in the northeast went on strike Tuesday as part of a nationwide protest against the government's move to raise foreign direct investment (FDI) in the insurance sector. More than 1,700 insurance employees belonging to 22 branches of Life Insurance Corp of India (LIC) and the General Insurance Corp (GIC) in Tripura, Manipur, Mizoram and Assam took part in the strike, said Dipankar Chakraborty, a spokesman of the All India Insurance Employees Association (AIIEA).

December 22nd, 2008 KOLKATA - Around 99 percent of Kolkata-based National Insurance Corp and 76 percent of General Insurance Corp non-management staff stayed away from work Tuesday in support of a nationwide insurance sector strike. Employees unions claimed 98 percent of Life Insurance Corp's non-management staff in the eastern region also participated in the strike.