Sunday, December 22

Tag: Insurance

Birla eyes top three slots in financial services business
17Apr By adminNo Comments
Business

Birla eyes top three slots in financial services business

MUMBAI: Aditya Birla Group chairman Kumar Mangalam Birla has set an ambitious target for the financial services arm of the conglomerate to be among the top three players in each of its primary businesses - lending, asset management, insurance, and payments. Birla said this during the launch of Aditya Birla Capital Digital's new direct-to-customer app platform.He said that the platform would add three crore new customers in three years, almost doubling the existing customer base from 3.5 crore.Birla said that the group is now focusing on consumer-facing businesses. "The launch of new consumer-facing ventures marks the group's commitment to constructing a growth platform characterised by a unique confluence of strength and breadth. Just last month, we launched our paints business, with an i...
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7 Best Water Leak Detectors (2024): Smart Water, Temperature, and Humidity Sensors
7Apr By adminNo Comments
Technology

7 Best Water Leak Detectors (2024): Smart Water, Temperature, and Humidity Sensors

Here's what you need to think about when you shop for smart leak detectors and install them in your home.How do water leak detectors work?Water leak detectors can detect water pooling, and some can also detect water dripping or even humidity rising. Premium water leak detectors monitor the flow of water in your pipes. All connect to a hub or directly to your Wi-Fi network to send alerts when they detect a problem.What kinds of water leak detectors are there?Some water leak detectors have cables with sensors on the end, some have water-sensing cords, and others are self-contained with sensors on the top or bottom or both. You have the option of extension nodes with some detectors. At the premium end of the market, you can get water leak detectors that must be fitted to your pipework to mea...
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Chinese State-Owned Firms Establish $1.4 Billion Fund
2Jan By adminNo Comments
World

Chinese State-Owned Firms Establish $1.4 Billion Fund

Two Chinese state-owned companies will establish a 10 billion yuan ($1.41 billion) fund to invest in companies with real estate project assets.Under the agreement, New China Life Insurance will be the limited partner providing CNY9.9 billion in capital and China International Capital Corp.will act as general partner that will manage the fund, New China Life said late Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s
1Jan By adminNo Comments
World

Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s

TOKYO—Big Japanese investors stumbled disastrously into the U.S. commercial real-estate market in the late 1980s, when they bought high-profile properties like New York’s Rockefeller Center not long before the market fell hard.Now some Japanese institutional investors and real-estate companies are back—but this time it isn’t about flaunting trophy purchases. It is about diversifying portfolios for the long term and getting good bargains while the market is slumping.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto Insurers Can Go With the Flo
31Dec By adminNo Comments
Money

Auto Insurers Can Go With the Flo

Those ubiquitous insurance ads, with characters like Progressive’s Flo, or Geico’s Gecko, were probably a bit harder to spot in 2023. Home-and-auto insurers faced tough conditions as they worked to increase their rates to keep up with some fast-rising claim costs and cut back on marketing spending. But with underwriting performance at Progressive steadying in the most recent reports, and inflation in auto-repair costs slowing but sticking around in car-insurance costs, it wouldn’t be a shock to see Flo a bit more in 2024—as well as flows into stocks such as Progressive.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto Insurers Can Go With the Flo
31Dec By adminNo Comments
World

Auto Insurers Can Go With the Flo

Those ubiquitous insurance ads, with characters like Progressive’s Flo, or Geico’s Gecko, were probably a bit harder to spot in 2023. Home-and-auto insurers faced tough conditions as they worked to increase their rates to keep up with some fast-rising claim costs and cut back on marketing spending. But with underwriting performance at Progressive steadying in the most recent reports, and inflation in auto-repair costs slowing but sticking around in car-insurance costs, it wouldn’t be a shock to see Flo a bit more in 2024—as well as flows into stocks such as Progressive.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Volkswagen India extends service support to flood-hit customers in TN
23Dec By adminNo Comments
Business

Volkswagen India extends service support to flood-hit customers in TN

European automaker Volkswagen India has extended its enhanced service support to affected customers in Tamil Nadu following the impact of heavy rains and flooding in the state, the company said on Saturday. The initiative, with effect from December 22, would offer service support to flood affected car owners including Roadside Assistance, special benefits on parts, labour costs and car care treatment among others. "Extended service support across regions such as Chennai, Tirunelveli, Tuticorin cities. In addition, the warranty and extended warranty coverage for flood-affected vehicles at these locations are extended until January 31, 2024," a company statement here said. The benefit can be availed by customers opting for insurance or cash claims. In coll...
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Sumitomo Life to Buy Singapore Insurer in S$4.6 Billion Deal
22Dec By adminNo Comments
World

Sumitomo Life to Buy Singapore Insurer in S$4.6 Billion Deal

Updated Dec. 22, 2023 1:48 am ETSINGAPORE—Sumitomo Life Insurance has agreed to buy Singapore Life Holdings in a deal that will value the homegrown insurer at 4.6 billion Singapore dollars (US$3.47 billion).Under the deal, the Japanese company will pay S$1.6 billion for asset manager TPG’s 35.48% stake in Singlife. It will also offer to acquire the remaining shares it doesn’t already own in the Singapore insurer.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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DeSantis Is Right About Medicaid
18Dec By adminNo Comments
Health

DeSantis Is Right About Medicaid

North Carolina has become the 40th state to succumb to federal cash and adopt ObamaCare’s Medicaid expansion for able-bodied working-age adults. A new study from the Paragon Health Institute shows there is little to celebrate. Overall health is unlikely to improve despite this massive increase in public welfare. We now have 10 years of data on ObamaCare’s Medicaid expansion. The evidence against the policy is overwhelming: Expansion leads to a surge in spending but reduces healthcare access for traditional Medicaid enrollees such as low-income children and people with disabilities. And it doesn’t improve health.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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