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Ian to firm up property rates; insurers positioned to absorb losses: S&P

Hurricane Ian is likely to be a significant loss event for the U.S. property/casualty and global reinsurance sectors and is expected to accelerate the firming of property rates in 2023, Standard & Poor’s Global Ratings said in a note Friday. However, insurers are well-positioned to absorb losses, and losses for global reinsurers should remain within …

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Irdai allows insurers to empanel hospitals for cashless treatment

NEW DELHI: To boost cashless treatment, Insurance Regulatory and Development Authority of India (Irdai) has allowed insurers to choose network providers or hospitals that meet standards and benchmarks as specified by their boards  While empanelling network providers for cashless facilities, insurers have been advised to focus on delivery of quality healthcare services, Irdai said in …

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