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LIC: LIC gets RBI approval to acquire 9.99% holding in HDFC Bank

"Pursuant to Regulation 30 of the SEBI Listing Regulations, we would like to inform you that the Reserve Bank of India (“RBI”) vide its letter dated January 25, 2024, addressed to Life Insurance Corporation of India (“LIC”), has accorded its approval to LIC for acquiring aggregate holding up to 9.99% of the paid-up share capital or voting rights of HDFC Bank Limited," the insurance company said in an exchange filing. ....

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More discussion needed before Louisiana special session on insurance, governor says

BATON ROUGE, La. - Gov. John Bel Edwards said Wednesday more talks among state leaders are needed before any decision is made on a possible special session on property insurance. ....

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Low ratings didn't disqualify weak insurers from taking risky policies from Louisiana Citizens | News

State lawmakers created one rule that insurers had to follow if they wanted to take over risky policies carried by the state-run insurer of last resort, Louisiana Citizens Property Insurance ....

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Here are the Louisiana insurers that have gone broke or left the state amid deepening crisis

BATON ROUGE, La. - Louisiana is in the middle of a property insurance crisis: As of this week, nine insurance companies that wrote homeowners policies in the state have gone ....

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State-Run Insurer LIC Leads Big IPOs To Watch In Asia Next Year

The queue of jumbo listings in Asia next year includes the world's second-largest battery maker in Seoul and an insurer with more than 1.2 million agents and 100,000 employees in Mumbai. ....

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