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U.S. P/C insurers perform well in 2020 despite Pandemic, higher Cat losses:AM Best

by AIP Online Bureau | Apr 16, 2021 | International News, Non-Life, Reinsurance

  OLDWICK, N.J: Publicly traded U.S. property/casualty (P/C) insurers performed unexpectedly well in 2020 despite extraordinary negative factors, generating operating income of $82.1 billion, according to a new AM Best special report. The analysis in the...

3rd vax dose likely needed within 12 months: Pfizer CEO

by AIP Online Bureau | Apr 16, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  Washington: Pfizer Chief Executive Officer Albert Bourla said people will likely need a third dose of the Pfizer/BioNTech Covid-19 vaccine within 12 months of getting fully inoculated. Bourla said on Thursday that it is possible people will need to get...

Indian hospitals battle ‘chaotic’ surge as daily virus infections cross 200,000

by AIP Online Bureau | Apr 15, 2021 | Eco/Invest/Demography, Health, Indian News

  NEW DELHI/BENGALURU: Many Indians scrambled on Thursday to secure beds in hospitals for relatives stricken with coronavirus as infections surged to a daily record, overwhelming medical facilities and drying up oxygen supplies. A massive second wave of...

Coronavirus curbs disrupt supply chains, stoke economy worries

by AIP Online Bureau | Apr 15, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  NEW DELHI/BHUBANESWAR: Restrictions imposed by Indian states to curb a rapid surge in coronavirus cases have disrupted supply chains, hit freight networks and caused labour shortages in the small companies that make up around a third of economic output,...

Govt approves 15 % wage hike for 1 lakh LIC employees, effective from Aug 1,2017

by AIP Online Bureau | Apr 15, 2021 | Indian News, Life

  Mumbai, Apr 15: The government, on Thursday, on the pattern of PSU banking industry, has approved 15 per cent of wage hike along with a 5-day week for around 1 lakh employees of state owned Life Insurance Corporation(LIC). The new wage hike that has 100 per...
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