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Over 1 100 787s Dreamliners criss-crossing skies a flight path of connectivity, now a crash

Over 1 100 787s Dreamliners criss-crossing skies a flight path of connectivity, now a crash

by AIP Online Bureau | Jun 13, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

A few years back, the US watchdog Federal Aviation Administration (FAA) had stopped deliveries of the Dreamliners due to certain issues but the plane was never involved in any fatal crash till Thursday New Delhi: The Boeing 787-8 Dreamliner, known for its advanced...
Re/insurers get ready to shell out over Rs1600 crore($186 million) of claims for Air India’s devastating Ahmedabad crash

Re/insurers get ready to shell out over Rs1600 crore($186 million) of claims for Air India’s devastating Ahmedabad crash

by AIP Online Bureau | Jun 13, 2025 | Indian News, Non-Life, Reinsurance, Risk Management

London market sources said there can be a claim of Rs 700 crore( $81 million)for Hull Loss (Aircraft Damage) as the Boeing 787-8 aircraft has been declared a total loss. There will be a Passenger Liability claims of around Rs 320 crore as under the Montreal...
Extreme heat kills half a million people globally each year, says Swiss Re

Extreme heat kills half a million people globally each year, says Swiss Re

by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance, Risk Management

Jérôme Haegeli, Swiss Re’s Group Chief Economist “Extreme heat used to be considered the ‘invisible peril’ because the impacts are not as obvious as of other natural perils,” says Jérôme Haegeli, Swiss Re’s Group Chief Economist....
Air India’s Ahmedabad-London flight with 242 people crashes in seconds after take off, just one survives

Air India’s Ahmedabad-London flight with 242 people crashes in seconds after take off, just one survives

by AIP Online Bureau | Jun 12, 2025 | Indian News, Non-Life, Reinsurance

Air India had renewed its mega $20 billion insurance policy with multinational re/insurer AIG as the lead reinsurer since Apr 1. The primary insurers for the Air India policy are- Tata Aig General Insurance( lead insurer), ICICI Lombard General Insurance, New India...
No MDR will be charged on UPI transactions: FinMin

No MDR will be charged on UPI transactions: FinMin

by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, Indian News, Policy

“Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading. Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains...
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