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Cyclone Biparjoy: Total insurable losses less than $100 million, says CoreLogic

Cyclone Biparjoy: Total insurable losses less than $100 million, says CoreLogic

by AIP Online Bureau | Jun 20, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Flooding at residential structures will comprise the majority of insurable loss, said Jon Schneyer, senior catastrophe response manager at CoreLogic California: CoreLogic, providing financial, property, and consumer information, analytics, and business intelligence,...

London’s Excel Centre wins insurance ruling on COVID-19 losses

by AIP Online Bureau | Jun 20, 2023 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance

Law firm Stewarts, which represented the owners of the ExCel Centre, said the ruling “could potentially affect hundreds of thousands of policyholders.” “Policyholders whose BI losses remain uncompensated should now revisit their policy documents to consider whether...
WHO says toxic syrup risk ‘ongoing’, more countries hit

WHO says toxic syrup risk ‘ongoing’, more countries hit

by AIP Online Bureau | Jun 20, 2023 | Health, International News

Rutendo Kuwana, the WHO team lead for incidents with substandard and falsified medicines, declined to name the six new countries the agency is working with, while investigations are still underway Unscrupulous actors sometimes substitute propylene glycol with toxic...
IMA calls for protection of health workers

IMA calls for protection of health workers

by AIP Online Bureau | Jun 20, 2023 | Health, Indian News, Non-Life

“This is the need of the hour. How can a doctor treat a critical patient under stress and under threat? The nation is not realising how serious this issue is. After this, no good doctor will agree to treat a serious patient because they will feel...

Max Life Insurance buys 2.99 pc in Capital Small Finance Bank

by AIP Online Bureau | Jun 20, 2023 | Briefs, Life

Max Life Insurance has bought shares in Capital Small Finance Bank for Rs 49.50 crore, taking its stake in the bank to 2.99 per cent. Max Life Insurance Company has been allotted a total of 10.57 lakh equity shares. Each equity share has a face value of Rs 10....
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