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Mandatory third party insurance for vehicles to benefit consumers, insurers: Experts

Mandatory third party insurance for vehicles to benefit consumers, insurers: Experts

Finance
NEW DELHI: Even as customers buying cars and two-wheelers post September 1 need to shell out more as premium with Irdai making long-term third party insurance mandatory, industry and experts feel it will ultimately benefit consumers besides the insurers. It addresses the issue of under-insurance and inculcate a sense of compliance among those who otherwise evade the law by not buying the third party motor insurance after the initial year of vehicle purchase, said an analyst. Following an order from the Supreme Court, the Insurance Regulatory and Development Authority of India (Irdai) has directed the insurance companies to offer three-year third party insurance cover for new cars and five-year such policy for new two-wheelers from September 1, 2018. The new guideline will contribute to hig...
Carney: House prices may fall by a third in 'no-deal' Brexit

Carney: House prices may fall by a third in 'no-deal' Brexit

Business
Bank of England governor Mark Carney has warned ministers that a "no-deal" Brexit could see house prices crash by a third, Sky sources say. Briefing Theresa May and her top team in Downing Street, Mark Carney laid out three different scenarios the Bank believes could come to pass if Britain leaves the EU without a withdrawal agreement.The worst case scenario would see Britain go into recession, a slump in the value of the pound and a crash in house prices.Sky's political editor Faisal Islam said a source characterised the governor's comments as "not a prediction, a worst case scenario", adding Mr Carney's comments were received "respectfully" by those around the cabinet table. ...
Watch: Roger Federer, Novak Djokovic advance to third round of U.S. Open

Watch: Roger Federer, Novak Djokovic advance to third round of U.S. Open

Sports
Aug. 30 (UPI) -- Roger Federer and Novak Djokovic both won their second round matches Thursday at the U.S. Open in New York, and could be on a path to challenge each other in a quarterfinal matchup. The No. 2-ranked Federer dominated earlier in the day, defeating Benoit Paire 7-5, 6-4, 6-4 at Arthur Ashe Stadium. Later on, No. 6-ranked Djokovic beat the United States' Tennys Sandgren in four sets. Federer advances to the Round of 32 to take on Australia's Nick Kyrgios, who rallied to take three straight sets against Pierre-Hughes Herbert after losing in the opening set on Thursday. Djokovic will take on Richard Gasquet, who outlasted Laslo Djere 6-3, 7-6, 6-3 in the second round. No. 7 Marin Cilic and No. 4 Alexander Zverev moved on to the Round of 32 after strong performances. Cilic defe...
Celtic 1-1 AEK Athens: Bhoys held by Greeks in first leg of Champions League third qualifying round

Celtic 1-1 AEK Athens: Bhoys held by Greeks in first leg of Champions League third qualifying round

Sports
HOOPS SETBACK The Hoops were unable to take advantage of Konstantinos Galanopoulos' sending off in the second-half and now need a result in the second leg Celtic’s attempts to qualify for the Champions League group stage suffered a huge setback after only managing a 1-1 draw against AEK Athens in the first leg of their third round qualifier at Celtic Park. The Bhoys started the game well and took the lead through Callum McGrgegor’s drive on 17 minutes. McGregor celebrates his first-half strike But that good work was undone two minutes before the break when Victor Klonaridis fired in a breakaway equaliser. The visitors were reduced to ten men in the 57th minute when Konstantinos Galanopoulos picked up a second yellow card from...
Washington Open: Andy Murray beats Kyle Edmund to reach third round

Washington Open: Andy Murray beats Kyle Edmund to reach third round

Sports
Former world number one Andy Murray took another big step in his comeback from hip surgery by beating fellow Briton Kyle Edmund in the second round of the Washington Open.Three-time Grand Slam champion Murray beat British number one Edmund 7-6 (7-4) 1-6 6-4.He will play Romania's Marius Copil in the third round. "It was much better, just in terms of the way I actually played the match," said the Scot, 31."Regardless of the result, we wanted to at least be dictating more points, trying to use my forehand, be closer to the baseline. "I think I did that, especially in some of the important moments in the third set. I was being more offensive."Konta reaches third round in CaliforniaLive scores, s...