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CBI court sentences 2 men to 5 years of RI for forgery in settlement of fire insurance claim

by AIP Online Bureau | Sep 23, 2025 | Indian News, Non-Life

The case was registered in Gandhinagar on the basis of allegation that UIICL public servants and private persons entered into criminal conspiracy with each other and by abusing their official position extended pecuniary advantage of Rs 36,86,451 in the settlement of...
Govt plans disinvestment of  more PSUs: DIPAM Secretary

Govt plans disinvestment of more PSUs: DIPAM Secretary

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life

Some of the names where the government will like to disinvest include a few PSU banks like UCO Bank and Bank of Maharashtra and Life Insurance Corporation of India New Delhi, Sep 22 (IANS) India is set to surpass its Rs 47,000 crore disinvestment target for the...
China’s EV boom saddles its auto insurers with large losses

China’s EV boom saddles its auto insurers with large losses

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Despite EV drivers paying anywhere from 20% higher to double the premiums for traditional cars, China’s auto insurers have been nursing losses from covering new energy vehicles for at least three years. The industry lost 5.7 billion yuan ($802 million) from...
Airport chaos highlights rise in high-profile ransomware attacks: cyber experts

Airport chaos highlights rise in high-profile ransomware attacks: cyber experts

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

The European Union’s cybersecurity agency ENISA confirmed on Monday that the hack on Collins Aerospace, owned by RTX , was a ransomware attack, but did not say where the attack originated from. The outage, which hit check-in and baggage drop services, has...
US major Everest Re receives license for GIFT-IFSC venture

US major Everest Re receives license for GIFT-IFSC venture

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Workplace/Employee Benefits

“Everest’s launch in India presents significant opportunity, as one of the most dynamic reinsurance markets globally, shaped by strong economic growth, and rising demand for the advanced, long-term reinsurance solutions we offer,” said Jill Beggs, Executive Vice...
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