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THE JOURNEY THROUGH TIME

Explore Black History

Explore the people, places, events, achievements, struggles and stories that shaped our journey.

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Civil Rights

Movements, leaders, victories and the continuing fight for equality.

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People

Meet the people whose lives, choices and achievements shaped the journey.

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Places

Black towns, communities, institutions and places where history happened.

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Events

Moments that changed communities, movements, institutions and the nation.

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MY'STORY

The MOVE Fire

This is a personal recollection on the Move fire on May 13, 1985 Philadelphia police fired thousands of rounds at the MOVE house, city officials approved dropping an explosive device on the roof, the resulting fire was allowed to burn, 11 people—including five children—died, and 61 homes were destroyed. Philadelphia City Council later called it a “brutal attack carried out by the City of Philadelphia on its own citizens” and acknowledged that no individual faced criminal consequences for the bombing. One timeline correction worth preserving for the BHP record: the major previous MOVE-police confrontation was August 8, 1978, about seven years before the bombing, not a year or two earlier. Officer James Ramp was killed, other police and firefighters were wounded, nine MOVE members were later convicted, and television cameras recorded police beating Delbert Africa during his arrest. The 1985 MOVE Commission later specifically criticized city planners for failing to adequately use lessons from that 1978 confrontation. And that actually strengthens the point you’re making: 1985 did not happen without precedent or institutional memory. There had already been a deadly confrontation with MOVE, years of conflict, negotiations and police involvement before Osage Avenue.

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BLACK FACTS
The Truths They Never Taught You...

Katherine Johnson — Mathematics to the Moon

Katherine Johnson’s mathematical calculations helped guide some of America’s most important early space missions while she confronted the racial and gender barriers faced by Black women in twentieth-century America.

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BHP gathered finds from its connected research sources. Showing the 4 strongest Black History matches.
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Wikipedia

Insurance Brokers Association of India

Insurance Brokers Association of India (I.B.A.I.)
AbbreviationIBAI
Formation2001; 25 years ago (2001)
TypeTrade association
Legal statusIBAI is a member of Council of Asia Pacific Brokers Association (CAPIBA), the Bombay Chamber of Commerce & Industry, Federation of Indian Chambers of Commerce & Industry (FICCI)
HeadquartersMumbai, India
LocationIndia wide association
Region served
India
MembersAll licensed insurance brokers must be members of the IBAI
President
Sumit Shantilal Bohra
Vice President
Narendra Kumar Bharindwal
Secretary
Sundaram Venkatavaradan
Websitewww.ibai.org

Insurance Brokers Association of India (IBAI) is an Indian trade association and regulatory body for insurance brokers in India. All licensed insurance brokers in India must be members of the IBAI Insurance Broker Regulations.[1][2]

The association was established as a company under Section 25 of the Companies Act, 1956 on 25 July 2001. The IBAI is the sole representative body of licenesed insurance brokers recognised by the Insurance Regulatory and Development Authority of India (IRDAI).[3] As per the Insurance Brokers' Regulations 2002 issued by IRDAI and as amended from time to time (last amended in 2018) it is mandatory for all licensed Brokers to be member of IBAI.

As of 2022, IBAI had 523 members.[4][5] The main objectives of IBAI is to encourage, promote interaction, facilitate and protect the interests of the members.[6]

IBAI provides members opportunities for further education, training and research in insurance and reinsurance and represent the interests of Brokers with other Industry trade bodies at regional and national level.[7][8] IBAI is a member of Council of Asia Pacific Brokers Association (CAPIBA), the Bombay Chamber of Commerce & Industry, Federation of Indian Chambers of Commerce & Industry (FICCI)[9][10]

History

[edit]

Insurance Brokers Association of India (IBAI) was incorporated as a company under Section 25 of the Companies Act, 1956 vide Certificate of Incorporation No. U 67120 MH 2001 NPL 132860 dated 25 July 2001 with its own Memorandum of Association as well as Articles of Association, as required under the Companies Act, 1956.

The management of the IBAI vests in its board of directors (17 in number) who are elected by the members.[11] The day-to-day functioning is entrusted by the board to those directors who are chosen as office-bearers & the Secretary-General who is appointed by the board.[12]

Voice of insurance brokers

[edit]

Besides active participation in regulatory mechanisms, IBAI provides as a forum for voice of insurance brokers.[13][14]

IBAI has been accredited to publishing the first ever policy holders handbook, which ensures no unfair means are resorted either by brokers or by policy holders[15]

References

[edit]
  1. ^ "IBAI Org".
  2. ^ "Insurance Brokers Get Nod". Economic Times.
  3. ^ "All you need to know about Insurance Brokers Association of India (I.B.A.I.)".
  4. ^ "Insurance Brokers Association of India (IBAI)". Thomson Reuters.
  5. ^ "All you need to know about Insurance Brokers Association of India (I.B.A.I.)".
  6. ^ "Workshop on Marine Insurance - IIRM and IBAI" (PDF). IIRM, Hyderabad.
  7. ^ "IRDAI says no mandatory listing of insurance companies". Indian Express.
  8. ^ "IBAI Implement Mechanism". Business Standard.
  9. ^ "Insurance Brokers". Indian Express.
  10. ^ "Highest claims settlement record: Is your insurer on this list?". Money Control.
  11. ^ "Insurance policies".
  12. ^ "INSURANCE BROKERS ASSOCIATION OF INDIA".
  13. ^ "Covid and life insurance". Live Mint.
  14. ^ "Insurance Brokers Commission". The Hindu.
  15. ^ "IBAI Policy Holders Handbook".

Source: Wikipedia. Article content is retrieved live through the MediaWiki API.

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Wikipedia

Insurance broker

An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract. As of 2019, the largest insurance brokers in the world by revenue are Marsh & McLennan, Aon plc, Willis Towers Watson, Arthur J. Gallagher, Hub International, and Lockton Companies.

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Wikipedia

Insurance Brokers Association of India

Insurance Brokers Association of India (IBAI) is an Indian trade association and regulatory body for insurance brokers in India. All licensed insurance brokers in India must be members of the IBAI Insurance Broker Regulations. The association was established as a company under Section 25 of the Companies Act, 1956 on 25 July 2001. The IBAI is the sole representative body of licenesed insurance brokers recognised by the Insurance Regulatory and Development Authority of India (IRDAI). As per the Insurance Brokers' Regulations 2002 issued by IRDAI and as amended from time to time (last amended in 2018) it is mandatory for all licensed Brokers to be member of IBAI. As of 2022, IBAI had 523 members. The main objectives of IBAI is to encourage, promote interaction, facilitate and protect the interests of the members. IBAI provides members opportunities for further education, training and research in insurance and reinsurance and represent the interests of Brokers with other Industry trade bodies at regional and national level. IBAI is a member of Council of Asia Pacific Brokers Association (CAPIBA), the Bombay Chamber of Commerce & Industry, Federation of Indian Chambers of Commerce & Industry (FICCI)

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Wikipedia

Hastings Insurance

Hastings Insurance Services Ltd is a UK personal lines insurance broker servicing customers via smartphone mobile app, online, and by phone. The company provides car, bike, van and home insurance, as well as a range of ancillary products and services such as breakdown cover, personal accident, substitute vehicle and key and legal cover. The company also offers unsecured Personal Loans. It is part of the Hastings Group, a business which was listed on the London Stock Exchange until it was acquired by a consortium of the South African business, Rand Merchant International, and the Finnish insurer, Sampo Group, in November 2020.

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Wikipedia

ABD Insurance and Financial Services

ABD Insurance and Financial Services is a large Northern California-based business insurance and financial services broker, founded in 1990 by Doug Alburger, Bruce Basso, and Fred de Grosz. From 2007 to 2012, following the acquisition of its then-parent company Greater Bay Bancorp by Wells Fargo, ABD Insurance and Financial Services was a separate division of Wells Fargo Insurance Services. In 2012, ABD broke away from Wells Fargo to become completely independent. Since 2021, it has operated under the Newfront brand following its merger with Newfront Insurance. British-American multinational insurance broker Willis Towers Watson (WTW) acquired Newfront in January 2026.

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TOPIC OF THE DAY

Greenwood / Black Wall Street

Before the 1921 destruction of Tulsa’s Greenwood District, Black residents had created a remarkable center of business and community life. The district included stores, professional offices, entertainment venues and homes owned by Black citizens. Understanding Greenwood means learning what was built—not only what was burned.

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TRIVIA QUESTION OF THE DAY

Which Black woman became the first elected to the United States Congress?

Shirley Chisholm, elected in 1968.