ICICI Lombard
Latest news, results and stock-moving updates on ICICI Lombard. Tracking 3 stories on Arth Vani.
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Latest on ICICI Lombard
IRDAI Fines ICICI Lombard, IndusInd Bank, Canara HSBC Life ₹3 Crore
India's insurance regulator, IRDAI, has imposed a penalty of ₹3 crore on ICICI Lombard General Insurance, IndusInd Bank, and Canara HSBC Life Insurance. The fines are for alleged violations related to bancassurance norms.
IRDAI Fines ICICI Lombard ₹1 Crore for Outsourcing, Vendor Management Lapses
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on ICICI Lombard General Insurance Company. The fine was levied due to deficiencies found in the insurer's outsourcing and vendor management practices.
ICICI Lombard Warns of Rising Fire Insurance Costs and Motor Claim Payouts
ICICI Lombard has flagged that current low pricing in fire insurance is unsustainable following a dip in quarterly profits. The insurer also noted a rise in motor insurance payouts due to a Supreme Court ruling that increases compensation for homemakers involved in accidents.
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