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Category: State

Non-Life Insurance Claims Largely Unsettled

Non-Life Insurance Claims Largely Unsettled

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 29, 2026
In 2025, Bangladesh’s non-life insurance sector disbursed 1,242 crore taka in claims, leaving a striking 3,599 crore taka unresolved. This indicates that only 8.56% of claims were settled, while 91.44% remain pending, underscoring a significant challenge in claims management within the sector. The Insurance Development and Regulatory Authority (IDRA) released this information through its four […]
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Import Costs Surge Amid Insurance Hikes

Import Costs Surge Amid Insurance Hikes

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 29, 2026
Rising tensions surrounding the strategically vital Hormuz Strait are beginning to affect Bangladesh’s imports of energy and essential food products, including dates. Despite recent government measures to lower import duties, market prices have not decreased as expected due to supply disruptions, higher shipping costs, and increased insurance premiums. NDTV reports that in April 2026, the […]
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Loan Defaults Hit One-Third of Bank Portfolios

Loan Defaults Hit One-Third of Bank Portfolios

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 29, 2026
The share of defaulted loans in Bangladesh’s banking sector has surged to 31.20% by the end of the December quarter, according to the latest update from Bangladesh Bank. This marks a sharp rise from 19.90% in the same period last year, signalling both regulatory adjustments and the exposure of long-hidden financial irregularities. In monetary terms, […]
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When Compassion Outperforms Commerce

When Compassion Outperforms Commerce

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 29, 2026
In the fiercely competitive world of global fast food, dominance is typically associated with expansive marketing, consistent branding, and vast financial resources. Yet in Saudi Arabia, industry titans such as KFC and McDonald’s have been unable to eclipse the remarkable influence of a local favourite—Al-Baik. This enduring success story is not rooted in aggressive expansion […]
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Insurance Sector Advances With Partnerships Hiring Stability And Digital Investment Insurance Sector Advances With Partnerships Hiring Stability And Digital Investment

Insurance Sector Advances With Partnerships Hiring Stability And Digital Investment

Md Sakib Hossain | Sub-Editor | GLive24.comMarch 28, 2026
The global insurance industry recorded a week of significant momentum between 23 and 27 March, characterised by strategic partnerships, targeted product innovation, stable employment expectations, and a pronounced acceleration in technology investment. Despite persistent economic uncertainty and mounting transformation pressures, the sector continues to exhibit cautious optimism, underpinned by evolving business models and expanding customer […]
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Bank Of America Agrees 72.5 Million Epstein Victims Settlement Deal Bank Of America Agrees $72.5 Million Epstein Victims Settlement Deal

Bank Of America Agrees $72.5 Million Epstein Victims Settlement Deal

Md Sakib Hossain | Sub-Editor | GLive24.comMarch 28, 2026
Bank of America has agreed to pay 72.5 million dollars (approximately £57 million) to settle a proposed class action lawsuit alleging that it facilitated aspects of Jeffrey Epstein’s sex trafficking operations. The agreement, disclosed in a filing before a federal court in Manhattan, represents another significant chapter in the long-running legal repercussions stemming from Epstein’s […]
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Paris Police Foil Early Morning Bomb Plot Near US Bank Paris Police Foil Early Morning Bomb Plot Near US Bank

Paris Police Foil Early Morning Bomb Plot Near US Bank

Md Sakib Hossain | Sub-Editor | GLive24.comMarch 28, 2026
French authorities have successfully thwarted a suspected bomb attack in the heart of Paris after police detained a man attempting to detonate an improvised explosive device outside a branch of Bank of America in the early hours of Saturday. The rapid intervention has triggered a full-scale counter-terrorism investigation, underscoring heightened security concerns across Europe. The […]
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Data Centre Insurance Risks Surge Globally Data Centre Insurance Risks Surge Globally

Data Centre Insurance Risks Surge Globally

Shourav Biswas | Sub-Editor | GLive24.comMarch 28, 2026
The rapid global expansion of data centre infrastructure is reshaping the insurance landscape, driving both unprecedented demand for coverage and a sharp rise in associated risks. According to a recent report by Swiss Re, the sector’s accelerating growth is placing increasing pressure on insurers and reinsurers, who must balance rising exposure with limited capacity. Data […]
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