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Tuesday, Aug 08, 2006

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New insurance ombudsman

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Hyderabad , Aug. 7

Mr P.A. Chowdhury, IRS (Retd), has taken over as the new insurance ombudsman. He succeeds Mr G.R. Reddy, who has completed his three-year term. Mr Chowdhury is the former Chief Commissioner of Income-Tax, Andhra Pradesh. The insurance ombudsman is an insurance grievance redressal authority with the objective of providing a forum for resolving disputes and complaints from the public. According to an official press release, insurance companies operating in both general and life insurance business in public and private sectors are covered under the ambit of the authority.

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Stories in this Section
ECGC plans to set up factoring services arm

Hyderabad to host TAAI annual meet
Continental strike against inflation
Rupee slips against the dollar
New insurance ombudsman
Banks turn in good show on brisk credit offtake
ICICI Lombard ties up with AI
Bonds rise as US yields ease
BoB, Andhra Bank boards ratify PLR hike
Union Bank plans to reduce NPAs
Banks in talks with FIs for take-out financing
Call rates steady
FCNR deposit rates hikes
SIB's tax saving deposit scheme
LVB hikes RFC $ deposit rates
PNB tree plantation programme

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