Most Texans Lack Flood Insurance as Damage from Recent Flood Exposes Massive Coverage Gap

Dallas, Texas (NBC) – As Texas grapples with the aftermath of devastating July 4th flooding, experts are raising alarm over a critical insurance shortfall. The majority of homeowners affected by the recent disaster lack flood insurance, forcing many to...


150 Doctors Decline Appointments at Health Insurance Board Citing Impractical Workload

Kathmandu – A significant majority of doctors selected for contract service at the Health Insurance Board (HIB) have declined to accept their appointments, citing impractical workload expectations and a lack of proper labor evaluation. Out of 180 doctors who...


COVID-19 Insurance Claims Depend on Government Decision, Says Insurance Authority Chairman

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has clarified that the payment of claims related to COVID-19 insurance is not within the jurisdiction of the regulatory body, stating that the matter now lies under the responsibility of the...


Himalayan Everest Insurance Wins Two Prestigious International Awards in Singapore

Kathmandu – Nepal’s leading non-life insurer, Himalayan Everest Insurance (HEI), has added another milestone to its record of achievements by securing two prestigious international awards at a ceremony held in Singapore on July 9, 2025. The company was honored...


UN Report Warns of Rising Climate Threats to Older Persons, Ecosystems and Global Health

Nairobi — As the world faces an era of climate extremes, the United Nations Environment Programme (UNEP) has issued a stark warning: heatwaves, melting glaciers, toxic floods, and ageing dams pose mounting risks to human health and ecosystems —...


US Tariffs to Slow Global Economy and Insurance Premium Growth: Swiss Re Institute

Zurich — The Swiss Re Institute has warned that recent US tariff policies are expected to slow global GDP growth to 2.3% in 2025, down from 2.8% in 2024. The resulting uncertainty is also set to dampen global insurance...


Health Insurance Coverage Doubled to Rs 200,000 for Serious Illnesses

Kathmandu — The Government of Nepal has announced a significant increase in the health insurance coverage for citizens enrolled in the national health insurance program. Starting from Shrawan 1 (July 17), insured individuals will be eligible to receive treatment...


Japan Plans Advanced Health Insurance Payments for Foreign Residents

Tokyo (ANN) — Japan’s Health, Labour and Welfare Ministry is planning to allow local governments to collect national health insurance premiums in advance from foreign residents in certain areas, in a bid to curb non-payment issues. Foreigners living in...


Sanima GIC Insurance Supports Three Pokhara Schools with Educational and Sports Materials

Kathmandu — As part of its corporate social responsibility, Sanima GIC Insurance Limited has provided educational and sports materials to three schools in Pokhara Metropolitan City, Gandaki Province. On Ashar 23 (July 7), the company handed over 15 sets...


Pakistan Embassy Launches Nepali Book on Pakistan’s Buddhist Heritage

Kathmandu – In a significant step towards enhancing cultural diplomacy and people-to-people (P2P) engagement, the Embassy of Pakistan in Nepal today hosted the launch ceremony of a Nepali-language book titled ‘Pakistanka Boudha Sampadaharu’, focused on Pakistan’s rich Buddhist heritage....