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Four special benches in SC to hear accident claim,  criminal, tax,land acquisition cases from next week

Four special benches in SC to hear accident claim, criminal, tax,land acquisition cases from next week

by AIP Online Bureau | Nov 23, 2022 | Indian News, Non-Life

“From next week, there would be special benches for criminal appeals, direct and indirect tax matters, land acquisition matters and motor accidents claims tribunal matters,” the CJI said New Delhi: Four special benches will start functioning in the Supreme Court from...
Global marine industry: Most expensive claims caused by fire and explosion incidents

Global marine industry: Most expensive claims caused by fire and explosion incidents

by AIP Online Bureau | Nov 23, 2022 | International News, Non-Life, Reinsurance

;The combined value of the global merchant fleet increased 26% to $1.2trn in 2021 while the average value of container shipments has also been rising with more high-value goods such as electronics and pharmaceuticals “The risk of theft and damage to high-value...
China set to fine Ant Group over $1 bln, signalling revamp nears end-sources

China set to fine Ant Group over $1 bln, signalling revamp nears end-sources

by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, Non-Life, Regulation, Technology

The regulators also pushed Ant, whose businesses span payment processing, consumer lending and insurance products distribution, to revamp its business structure and bring it under tighter regulatory supervision Chinese authorities are poised to impose a fine of more...
Australia’s extreme weather events to worsen as climate warms

Australia’s extreme weather events to worsen as climate warms

by AIP Online Bureau | Nov 23, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

In a dire report released Wednesday that will add to pressure on the government to take firmer action on climate change, the Commonwealth Scientific and Industrial Research Organisation and the Bureau of Meteorology said rising greenhouse gas levels are causing the...

Aircraft lessors sue insurers for $6.5 billion over seized Russian planes

by AIP Online Bureau | Nov 23, 2022 | International News, Non-Life, Reinsurance

More than 400 leased planes worth around $10 billion are unable to leave Russia after European Union sanctions forced the termination of their leases.Lessors argue the aircraft are covered by policies against war or theft, but insurers point out the planes are...
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