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Blood shortage, medical negligence; Insurance industry's intervention

Blood shortage, medical negligence; Insurance industry's intervention
thebftonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebftonline.com Daily Mail and Mail on Sunday newspapers.

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Insurance Regulator's Reply Sought As Firm Doesn't Pay Full For Covid Death

The Delhi High Court has sought responses of the Delhi government and the Insurance Regulatory and Development Authority (IRDA) on a plea by a woman and her two children challenging an insurance firm's decision not to pay the entire insured amount on ....

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Non-bank financial authority's duties set

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Non-bank financial authority’s duties set
Sun, 18 July 2021
The private sector rejoiced as new legislation entered into force, laying out the organisation and functions of the Non-Bank Financial Services Authority’s (NBFSA) individual units, a move widely-believed to spur further progress and strength in the non-banking financial services sector.
The sub-decree on the organisation and functions of units under the auspices of the NBFSA consists of 65 articles and 13 chapters, and was signed by Prime Minister Hun Sen on July 14, with immediate effect.
Units covered by the legislation include the Insurance Regulator of Cambodia, the Securities and Exchange Regulator of Cambodia, the Social Security Regulator, the Trust Regulator, the Accounting and Auditing Regulator, the Real Estate and Pawnshop Business Regulator and the Internal Audit Unit. ....

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Euro area CPI above ECB target for 1st time since Nov 2018

6/1/2021 10:41:16 AM GMT
Notes/Observations
- Euro Zone inflation tests above ECB target for 1st time since Nov 2018.
- Euro Area PMI Manufacturing data continues to be at or near record highs (Beats: Euro Zone, Germany, France, Italy, Spain; Misses: UK).
Asia:
- RBA kept its policy steady (as expected) with Cash Rate Target unchanged at 0.10% and 3-year Yield Control maintained at 0.10%. The reiterated stance was committed to maintaining highly supportive monetary conditions to support a return to full employment and inflation consistent with the target. The reiterated stance that conditions, in order to raise rates, were not expected before 2024 at the earliest. ....

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Insurers must tell hospitals about cleared claims in 1 hour

Insurers must tell hospitals about cleared claims in 1 hour
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Insurers must tell hospitals about cleared claims in 1 hour
Swati Rathor / TNN / Updated: Apr 30, 2021, 11:41 IST
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HYDERABAD: Insurance Regulator and Development Authority of India (Irdai) has told insurers to communicate their cashless approvals for Covid-19 claims within an hour of submission of the request by the hospital and ensure that patients get discharged soon.
In its order on April 28, the Delhi HC had told Irdai to issue immediate instructions to insurance companies to ensure that they communicate their approvals to hospitals within 30 to 60 minutes, in order to ensure that patient discharge is not delayed. ....

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