As per the Montreal Convention treaty, the Air India will have to pay a compensation of around Rs 1.5 crore each to the kin of victims of the plane crash.

The nationality of the passengers onboard will define the minimum liability applicable to the airline operator as per the ...

AI Dreamliner crash may trigger Rs 1,000–1,200 crore in insurance claims. Indian insurers face limited exposure, with bulk liability on UK reinsurers. Hull, passenger, and third-party payouts under ...

For Air India, the incident will result in significant losses as not only were passengers killed, but the airline also lost a plane and might be held liable for the loss of life and property as the ...

Following the Air India plane crash in Ahemdabad, insurance payouts to dependents will be determined by the Montreal ...

Auto insurance giant Progressive warns on its website that self-driving cars aren’t likely to lower insurance rates and could even drive up costs due to expensive repairs.

Term Insurance with Return of Premium (TROP) pays back all the premiums when the policyholder outlives the term of the policy ...

Businesses today depend heavily on Artificial Intelligence (AI) to run important tasks like handling customer questions, ...

Learn about business liability insurance, types of coverage and how the insurance can protect your company from legal risks ...

If you've ever had your vehicle declared totaled in an accident, you may wonder how insurance determines this. Learn how ...