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US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines

US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines

by AIP Online Bureau | Nov 15, 2022 | International News, Non-Life

Air India is among the six airlines that have agreed to cough up a total of over USD 600 million as refunds, the US Department of Transportation said on Monday Air India’s policy of “refund on request” is contrary to the Department of Transportation policy, which...
Rich nations stick to coal phase-out as China builds new plants

Rich nations stick to coal phase-out as China builds new plants

by AIP Online Bureau | Nov 15, 2022 | International News, Non-Life, Reinsurance

“Accelerated retirements (of coal plants) within the OECD and the collapse in the scale of new project proposals in the rest of the world have been counteracted by the ongoing expansion of the coal fleet in China,” said the PPCA, an international campaign aimed at...
World population to hit 8 billion today: UN Report

World population to hit 8 billion today: UN Report

by AIP Online Bureau | Nov 15, 2022 | Eco/Invest/Demography, International News

While it took the global population 12 years to grow from 7 to 8 billion, it will take approximately 15 years–until 2037– for it to reach 9 billion, a sign that the overall growth rate of the global population is slowing Globally, life expectancy reached...
Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI

Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI

by AIP Online Bureau | Nov 14, 2022 | Indian News, Regulation, Risk Management, Technology

Financial Information Providers in insurance sector need to enter into a contractual framework with the AAs, and the same has to distinctly specify the  rights and obligations of each party and  modalities of dispute resolution mechanism Hyderabad: The...

TATA Steel Limited wins RIMS ERM global award of distinction

by AIP Online Bureau | Nov 14, 2022 | International News, Risk Management

The award recognizes Tata Steel’s outstanding ERM achievements that have enabled the organization to streamline processes, strengthen collaboration across the enterprise and achieve strategic objectives. NEW YORK: RIMS, the risk management society®, presented Tata...
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