by AIP Online Bureau | Apr 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
This is the first time Taiping Reinsurance is bringing high-resolution flood modeling in-house, instead of relying on coarser models developed by US risk analytics companies, said Sheldon Yu, chief executive officer at the Hong Kong-based reinsurer The weather...
by AIP Online Bureau | Apr 13, 2025 | Climate, Environment, Renewable Energy, Indian News, Policy, Technology
In March, the Delhi government unveiled its plans that fuel pumps in the national capital will not provide petrol and diesel to vehicles older than 15 and 10 years, respectively. The city has 500 fuel refilling stations New Delhi: With 477 fuel refilling stations in...
by AIP Online Bureau | Apr 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology
Coming under the civil aviation ministry, AAIB is responsible for classification of safety occurrences involving aircraft operating in the Indian airspace into accidents, serious incidents, and incidents New Delhi: Aircraft Accident Investigation Bureau (AAIB) plans...
by AIP Online Bureau | Apr 13, 2025 | Climate, Environment, Renewable Energy, Indian News, Regulation, Risk Management
“The issue pertains to allegation for unauthorised disposal of fly ash. The Member Secretary… requested the company to deposit the environmental compensation of Rs 71,16,53,320,” Vedanta has said in a filing to BSE. New Delhi: Vedanta has said that State...
by AIP Online Bureau | Apr 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
“Banks freeze/block accounts based on internal triggers, however, as per the Prevention of Money Laundering Act (PMLA), they do not have the authority to freeze or block customer accounts without proper authorisation from a court or law enforcement agencies...
