Sentences with phrase «by general insurers»

The direct premium grossed earned by general insurers via the motor vehicle insurance is expected to reach Rs 38,200 crore target by 2017.

Irda had been asked by general insurers for the consideration of an increase of 50 - 60 % in TP premium in view of the high provisioning which is currently at 210 % for the declined risk pool.

There are two types of insurance policies sold by the general insurers: the third party, which is mandatory and whose pricing is regulated by the Irda; the other is «own damage segment» which is optional and pricing is fixed by the general insurers.

The compulsory third party (tp) motor cover will only have a limited liability, with an option to have covers for additional liability limits, if a proposal by general insurers is considered.

In percentage terms of policies underwritten and percentage of total gross premium income by general insurers under rural obligation

Not exact matches

In January 2009, then - New York Attorney General Andrew Cuomo announced the settlement of an investigation into the method used by certain health insurers to determine reimbursements for patients who received care from out - of - network providers.

But when it claims that the «free» contraceptive coverage can be afforded by the insurer because «cost - savings» will result from «improvements in women's health and fewer childbirths,» the administration is admitting that the contraception is already being paid for by the employer, if its policy covers childbirth and women's health in general.

He was also the lead counsel in half of a «two - track attack» over the reimbursements offered by health insurers, with the other half being led by Cuomo when he was state attorney general.

Commenting on today's announcement by the Office of Fair Trading (OFT) of a call for evidence into the cost of motor insurance, Otto Thoresen, the ABI's Director General, said: «This will give the industry another opportunity to highlight the cost pressures motor insurers are facing, what action is needed to reduce them, and steps the industry is taking to ensure customers get the best deal when buying motor insurance.

The Metropolitan Council's long - time executive director and Silver confidante, William Rapfogel, is under criminal investigation by the Attorney General for embezzling hundreds of thousands of dollars from the Council via kick - backs from over-payments to its insurer, the Century Coverage Corporation.

New York's attorney general has filed a lawsuit against an Albany - area health insurer that he says broke the law by denying coverage for expensive hepatitis C treatments until patients showed advanced symptoms of the disease such as moderate to severe liver scarring.

You can also review your car insurance as well as your home insurance on a year - to - year basis; you may find that your insurance is too high and by moving to an insurer such as Auto & General you could save.

Such clauses have been successfully challenged by the U.S. in cases against companies including General Electric Co. and Westinghouse Electric Co., and Delta Dental Insurance Co., an insurer and service provider, Salop said.

The chances that you'll be able to do better than the monthly payments offered by your employer are low — a 2015 General Accounting Office on pensions and lump sums found that the payouts on company pensions are generally much more generous than those offered by private insurers — but it doesn't hurt to check.

However, minimum guarantees provided by a variable annuity are generally supported by assets in the insurer's general account.

What's not covered by your home insurance policy will vary by insurer, but in general, a typical homeowner's insurance policy does not cover the costs associated with:

In Oliveira v. Aviva Canada Inc., the Ontario Superior Court of Justice considered whether a «Professional and General Liability and Comprehensive Dishonesty, Disappearance and Destruction Insurance Policy» purchased by a Canadian hospital required the insurer to defend a hospital employee against a privacy breach lawsuit by a former patient.

Traveler's Insurance Company just tried to avoid liability for a general contractor's subcontractor work... nearly 20 years after the insurance industry itself specifically said GCs and their insurers were liable if «the damaged work or the work out of which the damage arises was performed on your behalf by a subcontractor.»

Supreme Court Finds Insurers Liable From Onset of Construction Defect Pre-Suit Process,» discusses the ramifications of the recent decision by the state's highest court holding that the pre-litigation notice and repair process for construction defect cases does indeed constitute a claim which general liability insurance carriers must recognize.

The pre-judgment rate was kept artificially high by the government while interest rates were falling in general in order to incentivize insurers to deal fairly with injured victims.

Working for both plaintiffs and insurers has given Mike the expertise to efficiently approach matters by identifying and assessing issues in dispute, while considering both perspectives in dealing with the mediation and general litigation process.

Court held that insurer did not owe a duty to defend, under a commercial general liability policy, where third - party action sought incidental emotional distress damages caused by the insured's noncovered economic or business torts.

Allen's representative work includes the successful defense of a multi-million dollar insurance coverage and rescission suit by Lloyd's of London; dismissal of a six - figure claim for retroactive premiums against the St. John Community Development Center; summary judgments (affirmed on appeal) against Essex Insurance Company and Liberty Mutual Fire Insurance Company for breach of their respective insurance contracts; trial verdicts against Allstate Fire and Casualty Insurance Company and Liberty Mutual for insurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer bad faith).

Our 5 - star rated lawyers have an established record for holding major corporations and their insurers accountable for serious or permanent harm from malfunctioning products sold to the general populace or used by workers.

In general, no one insurer is willing to underwrite the entire limit purchased by any one corporation.

Her ladyship referred to the case of Axa General Insurance Ltd v Gottlieb and Gottlieb [2005] EWCA Civ 112, [2005] 1 All ER (Comm) 445 and acknowledged that there was a well established common law rule that if a genuine claim made under an insurance contract is dishonestly exaggerated, the whole claim will be dismissed; further, if money has already been paid pursuant to a claim under such a contract before the fraud is discovered, all the sums paid under that claim will be recoverable by the insurer, including any sum referable to the genuine part of the claim.

Group health insurance premium may see a rise as the regulator Irda is cracking down on heavy discounts offered by the competitive general insurers.

V Manickam, Secretary General, Life Insurance Council, the industry body of life insurers in India said, «The Life Insurance industry would reinforce customer centricity at every step, be it creating awareness by improving financial literacy, need - based service & addressing effectively customer grievances etc..

The TPA had earlier run into trouble after the Competition Commission of India (CCI) had ordered an investigation by the CCI director - general, into alleged anti-competitive practices of General Insurers» (Public Sector) Association ofgeneral, into alleged anti-competitive practices of General Insurers» (Public Sector) Association ofGeneral Insurers» (Public Sector) Association of India.

While storms in general are covered by home insurance policies, many insurers will require you to purchase special endorsements in order to be covered against hurricanes.

This TPA will look into health claims and handle claims received by these public general insurers.

The third party administrator was being set up with an investment of over Rs 200 cr by the four general insurers

As present, third party (TP) rates which are regulated by Insurance Regulatory and Development Authority are lower than the levels for the general insurers to break even.

SBI Car Insurance by SBI General Insurance Company is the most trusted general insurer in India which is a joint venture between State Bank of India owning 74 % of the total and Insurance Australia Group (IAG) holding the rest oGeneral Insurance Company is the most trusted general insurer in India which is a joint venture between State Bank of India owning 74 % of the total and Insurance Australia Group (IAG) holding the rest ogeneral insurer in India which is a joint venture between State Bank of India owning 74 % of the total and Insurance Australia Group (IAG) holding the rest of 26 %.

Its members represent more than 90 per cent of total premium income written by private sector general insurers.

Specific options for uninsured motorist coverage vary by state and insurer, but in general there are three types of protection:

Following an order by the Delhi High Court on March 19, 2018, the Insurance Regulatory and Development Authority of India (Irdai) sent directives to all General and Health insurers to not include «Genetic Disorders» as one of the exclusions in new health insurance policies.

Private sector general insurer ICICI Lombard is upgrading use of forensic methods to detect fraud in claims by companies, in the...

Some insurance products are underwritten by insurers in the National General Insurance Group.

Business Owners (BO), General Liability (GL) and Workers» Compensation (WC) policies purchased through the Progressive Advantage ® Business program are sold through Progressive Specialty Insurance Agency, Inc. and underwritten by select insurers which are not affiliated with Progressive and are solely responsible for claims.

In addition to the no medical exam term life insurance that is offered by American General Life Insurance Company, this insurer also offers a number of other term and permanent life insurance coverage options.

To rein in costs and abuse of insurance policies by hospitals, four public sector general insurers — National Insurance, New India Assurance, United India and Oriental Insurance Company — have prescribed rates for a number of surgeries.

As a general rule of thumb, most life insurers would prefer to see a health issue being treated by a doctor and that you are following their prescribed plan than one left untreated.

Insurers do this by taking insurance premiums from policy holders, pooling them in the general account of the insurance company, and then investing them in a conservative portfolio of stocks, bonds, cash equivalents and treasuries.

Claim size of mediclaim policies has been growing every year, according to data of past three years compiled by private general insurer ICICI Lombard.

General insurers said though the hikes announced by the Irda would help them improve the loss ratio in the portfolio still they would be suffering underwrting losses — excess claim over premium income — in the third party motor portfolio.

An Average Adjuster in North America is a «member of the association of Average Adjusters» To insure the fairness of the adjustment a General Average adjuster is appointed by the shipowner and paid by the insurer.

Premium collection amongst general insurance companies grew by 14.25 per cent in the first half of the current fiscal which also saw insurers like Royal Sundaram, Shriram General and United India registering lower mopgeneral insurance companies grew by 14.25 per cent in the first half of the current fiscal which also saw insurers like Royal Sundaram, Shriram General and United India registering lower mopGeneral and United India registering lower mop - ups.

However, the comprehensive motor cover premiums that comprises motor own damage (OD) and motor third - party (TP) cover might be up by at least 30 per cent, since general insurers are planning to raise motor OD premiums.

At present, these five PSU general insurers are fully owned by the government.