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Amid Air India probe, US FAA, Boeing notify fuel switch locks are safe, document, sources say

Amid Air India probe, US FAA, Boeing notify fuel switch locks are safe, document, sources say

by AIP Online Bureau | Jul 13, 2025 | International News, Risk Management, Technology

The FAA’s Continued Airworthiness Notification on July 11 came after a preliminary report on Friday into last month’s Boeing 787-8 crash, which killed 260 people, raised questions over engine fuel cutoff switches. WASHINGTON/NEW DELHI/MONTREAL: The U.S....
Risk-Based Capital: Rewarding Indian insurers

Risk-Based Capital: Rewarding Indian insurers

by AIP Online Bureau | Jul 13, 2025 | Articles, Eco/Invest/Demography, Life, Non-Life, Regulation, Reinsurance, Risk Management

The adoption of Risk-Based Capital (RBC) rules by the Indian insurance industry is more a strategic and forward-looking shift focussing not just on stability but also on expansion, and attracting long-term investment. It can better align India with global standards...
From hotel cancellation to loss of baggage, Ahmedabad air crash victims opted for array of retail insurance

From hotel cancellation to loss of baggage, Ahmedabad air crash victims opted for array of retail insurance

by AIP Online Bureau | Jul 13, 2025 | Indian News, Non-Life, Reinsurance

The incident has triggered retail claims under various insurance categories like travel, personal accident, and life insurance, including those from Kisan Credit Card holders. Personal accident claims have emerged as a significant category, second only to life...
Fuel switches cut off before AI plane crash; no recommended action for 787-8 operators for now: AAIB

Fuel switches cut off before AI plane crash; no recommended action for 787-8 operators for now: AAIB

by AIP Online Bureau | Jul 12, 2025 | Indian News, Risk Management, Technology

On June 12, Air India’s Boeing 787-8 aircraft operating flight AI 171 en-route to London Gatwick crashed into a medical hostel complex soon after take-off from Ahmedabad, killing 260 people, including 241 persons who were onboard the plane. New Delhi: Fuel...

10 hydropower projects damaged in Nepal floods, no significant effect on power export

by AIP Online Bureau | Jul 11, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

In a statement, Independent Power Producers Association Nepal (IPPAN) said that seven hydropower projects currently generating 251 MW hydropower have been completely shut down due to the floods. Kathmandu: At least 10 hydropower projects have been damaged by floods in...
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