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Irdai cautions public not to fall prey to fraud by Digital National Motor Insurance

Irdai cautions public not to fall prey to fraud by Digital National Motor Insurance

Finance
NEW DELHI: Insurance sector regulator Irdai has cautioned the general public against falling prey to fraud and cheating by Digital National Motor Insurance in selling policies without a license. It has been brought to the notice of Irdai that an entity by the name of Digital National Motor Insurance operating from Bangalore has been selling insurance policies, although it has not been licensed or granted registration by the authority to sell insurance policy of any kind, the regulator said in a public notice. The company's website is https://dnmins.wixsite.com/dnmins. The email-id of the entity is digitalpolicyservices@gmail.com. "The Authority cautions the public not to make any transaction related to insurance business with M/s DIGITAL NATIONAL MOTOR INSURANCE," Insurance Regulatory a...
Rocket motor fails to ignite on Virgin Galactic test flight

Rocket motor fails to ignite on Virgin Galactic test flight

Technology
A Virgin Galactic test flight Saturday ended prematurely as the spacecraft’s rocket motor failed to ignite and it then glided down safely to its landing site in southern New MexicoBy SUSAN MONTOYA BRYAN and PAUL DAVENPORT Associated PressDecember 12, 2020, 7:42 PM• 3 min readShare to FacebookShare to TwitterEmail this articleALBUQUERQUE, N.M. -- A Virgin Galactic test flight Saturday ended prematurely as the spacecraft's rocket motor failed to ignite and it then glided down safely to its landing site in southern New Mexico.The spacecraft’s engine is supposed to ignite moments after it is released from a special carrier jet, sending the craft in a near-vertical climb towards the edge of space.“The ignition sequence for the rocket motor did not complete. Vehicle and crew are in great shape,"...
Hike in 3rd party motor insurance premium for FY2020-21 put on hold

Hike in 3rd party motor insurance premium for FY2020-21 put on hold

Finance
Good news for private vehicle owners, both 4- and 2-wheelers, as IRDAI, the insurance regulator, has said that the existing third-party insurance premium rates for the year 2019-20 stand extended beyond March 31, 2020 till further notice. This means that the third-party motor insurance premiums will not be increased for the next financial year i.e FY2020-21 as proposed earlier, until the regulator notifies the same. This move may well be due to the lockdown in the country due to the coronavirus infection spread and the situation arising from it. The government has already postponed several deadlines and announced relief for the common man in various areas due to the lockdown.The Insurance Regulatory and Development Authority of India (IRDAI), in an order dated March 27, has said that the v...
Insurers to make available standalone ‘own damage’ motor policy from September 1

Insurers to make available standalone ‘own damage’ motor policy from September 1

Finance
Regulator Irdai has asked general insurance companies to make available standalone annual Own Damage (OD) covers for both new and old cars and two-wheelers from September 1. Consequently, the issuance of bundled policies for cars and two-wheelers will not be compulsory from September 1, the Insurance Regulatory and Development Authority of India (Irdai) said while making changes in an earlier order in the wake of a Supreme Court ruling. Buying OD vehicle insurance is optional. OD covers natural calamities, like earthquakes and floods, and also disasters such as vandalism and riots. "Effective, September 1, 2019, insurers shall make available stand-alone annual Own Damage covers (including stand-alone OD cover for fire and/or theft if opted for by the policyholder) for cars and two-wheelers...
Computer vision and motor tests predict who can hit a baseball

Computer vision and motor tests predict who can hit a baseball

Science
Jan. 8 (UPI) -- The latest research out of Duke University Medical Center suggests baseball scouts could be replaced by computers in the not-too-disant future.A series of computer-based vision and motor tasks performed by baseball players predicted which test-takers were most likely to excel at the plate. The tests were taken on large touch screen computers called Nike Sensory Stations. Those who scored highest were more likely to earn better on-base percentages, more walks and fewer strikeouts."There has been a data revolution in the game of baseball over the past decade with the introduction of technologies that track the speed and movement of every pitch, the location of players in the field, and other tools that can quantify player performance like never before," Kyle Burris, a statist...