Karnataka Chief Minister Siddaramaiah, his family members, and senior officials of the Mysore Urban Development Authority ...

Payouts to the insurer are made when the issuer of the cat bond suffers actual losses. Indemnity triggers can often take some time to take effect since the damages from a covered event can take a ...

For this, it was agreed to submit the requisite documents i.e. an indemnity bond and an affidavit to issue a formal letter to grant of NOC,” the affidavit said. The department also said that ...

Because insurers hold bonds and other securities of varying duration and quality, the impact of changes in interest rates will be different from one insurer to another, and Global Indemnity ...