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Globally, Natcats result in $133bn economic and $ 51bn of insured losses: Munich Re

by AIP Online Bureau | Dec 7, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The costliest typhoon in Asia – and the third-costliest cyclone of the season worldwide – was Typhoon Yagi. It struck the Philippines, the Chinese island of Hainan, and the southern tip of the Chinese province of Guangdong as an extreme storm before making landfall in...

Investigation finds Rio Tinto legacy Bougainville mine poses life-threatening risks

by AIP Online Bureau | Dec 7, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

The findings, released in a report on Friday, included “imminent, life-threatening risks posed by the collapsing mine pit, levees and infrastructure,” as well as ongoing contamination of the Jaba-Kawerong river Rio Tinto recognises the gravity of the...
RBI guv meets FM two days before end of his extended term

RBI guv meets FM two days before end of his extended term

by AIP Online Bureau | Dec 7, 2024 | Banking & Bancassurance, Indian News, Regulation

Shaktikanta Das,Governor,Reserve Bank of India With the three-year-extension granted to Das, he is already one of the longest serving RBI governors in its 90-year history. New Delhi: A day after presenting bi-monthly monetary policy, Reserve Bank Governor Shaktikanta...

Economic threats continue to overshadow climate and cyber risks

by AIP Online Bureau | Dec 7, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Extreme weather events featured in the G20’s top five risks, as the fifth biggest risk. This follows a year in which many G20 countries – including Brazil, Germany, Indonesia and the U.S. – experienced severe flooding, above-average rainfall, wildfires, extreme heat...

US Healthcare industry rethinks risk after murder of UnitedHealth exec

by AIP Online Bureau | Dec 7, 2024 | Health, International News, Non-Life, Risk Management

Before the shooting, most risk assessment efforts were conducted for medical practices and other healthcare providers, which have faced increasing hostility from the public since the COVID-19 pandemic NEW YORK: Health insurance companies are reassessing the risks for...
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