Birmingham is the region with the most uninsured driving, according to the Motor Insurers' Bureau. The MIB, which pays out claims for victims of uninsured driving and hit-and-run crashes, estimates 300,000 motorists take to UK roads every day without cover. The MIB figures have ranked regions based on how many claims for uninsured driving were made, adjusted for the population …
The Kerala High Court has held that Registration Authorities like the Road Transport Officer or the District Collector cannot be made liable to pay compensation for road accidents from uninsured vehicles. Justice Dinesh Kumar Singh observed that the owner of the vehicle has the primary responsibility to get the vehicle insured, so the owner alone or driver or both will …
Silicon Valley Bank is the talk of the town right now. Explaining the reason behind the collapse of Silicon Valley Bank, Suman Bannerjee, CIO of Hedonova, a US-based Hedge Fund, said, "I think Silicon Valley Bank fell victim to circumstances. Gaurav VK Singhvi, Co-Founder at We Founder Circle said, "SVB has been a preferred bank for a lot of Indian …
Billions of dollars of investors' wealth either individuals or companies are stranded due to the crisis in Silicon Valley Bank. In a statement on March 10, FDIC said, "at the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank." FDIC said, as it sells "the assets of Silicon Valley Bank, …