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Ida losses to range from $17 to $ 25 billion:AIR

by AIP Online Bureau | Sep 13, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  BOSTON, Sept 13: Extreme event modeling firm AIR Worldwide updated its insured loss estimates for Hurricane Ida rangingfrom USD 20 billion to USD 30 billion. AIR rvised its estimates after analysing the inland flood impacts across the entirety of its track,...

India Inc spent over Rs 1,600 crore on mitigating second Covid-19 wave: study

by AIP Online Bureau | Sep 13, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic

  Kolkata, Sept 13: India Inc. has spent over Rs 1,600 crore combating the second wave of Covid-19 in the financial year 2020-21, a study said on Monday. The study comprising over 350 public listed companies conducted by CSR knowledge and impact intelligence...

Aviation Ministry grants ICMR conditional permission to use drones for vaccine delivery

by AIP Online Bureau | Sep 13, 2021 | Health, Indian News, Policy, Technology

  New Delhi: The Civil Aviation Ministry said on Monday it has granted conditional permission to the Indian Council of Medical Research (ICMR) to use drones in Andaman and Nicobar Islands, Manipur and Nagaland to deliver vaccines beyond the visual line of sight....

RBI cautions against frauds in the name of KYC updation

by AIP Online Bureau | Sep 13, 2021 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

  Mumbai, Sept 13: Banking regulator Reserve Bank of India (RBI) on Monday cautioned people not to share account login details, personal information, copies of KYC documents, card information, PIN, password and OTP with unidentified persons or agencies....

Insurers can sell 2 short term Carona covers till March 2022:IRDAI

by AIP Online Bureau | Sep 13, 2021 | Health, Indian News, Non-Life, Pandemic, Regulation

  Hyderabad, Sept 13: The insurance regulator IRDAI has further extended the time frame to offer and renew short term Covid specific health policies-Corona Kavach and Corona Rakshak policies up to March 2022. Also,the exemptions granted to insurers for...
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