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CoreLogic estimates California wildfire insured losses at $35 to $45 billion

CoreLogic estimates California wildfire insured losses at $35 to $45 billion

by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...

Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash

by AIP Online Bureau | Jan 16, 2025 | International News, Non-Life, Reinsurance, Technology

“My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced,” said Aiyawatt, who succeed Vichai as chairman of Leicester. “I hold them wholly responsible for his death.” The...
Country can’t afford to take cyber security resources from even friendly country: IT Secretary

Country can’t afford to take cyber security resources from even friendly country: IT Secretary

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

“There is a crucial story, especially in something like cyber security. The crucial story is that you have to have an independent resource within the country. You can’t afford not to have it. This is not something where you can actually take it from other...
Make faulty road construction non-bailable offence: Gadkari

Make faulty road construction non-bailable offence: Gadkari

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy

According to the minister, the ministry data of road accidents in 2023 shows five lakh mishaps in the country resulting in 1,72,000 deaths. “Of this, 66.4 per cent, or 1,14,000, were in the 18-45 years age bracket while 10,000 deaths were of children,”...

AM Best maintains stable outlook on India’s non-life insurance segment

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology

“We expect that India’s non-life premium growth will be bolstered over the medium term by the country’s economic development, rising insurance demand, and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion,”...
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