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From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

by AIP Online Bureau | Apr 7, 2026 | Eco/Invest/Demography, International News, Policy, Risk Management

Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. ​Treasury Department official. Attacks that have severely damaged refineries, ports and oil storage in the Gulf region...
West Asia Conflict:Govt plans sovereign guarantees to support insurers covering vessels traveling in Persian Gulf

West Asia Conflict:Govt plans sovereign guarantees to support insurers covering vessels traveling in Persian Gulf

by AIP Online Bureau | Apr 7, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Maritime war risk insurance premiums have surged as much as 1,000% in some cases, as the Middle East conflict heightens risks to shipping through the region. The spike in premiums has sharply raised costs for shipowners, traders and energy firms moving cargo through...
Google plans to introduce new mental health support features for its Gemini chatbot

Google plans to introduce new mental health support features for its Gemini chatbot

by AIP Online Bureau | Apr 7, 2026 | International News, Risk Management, Technology

The rapid explosion of tools like Gemini and ChatGPT have led to some users forming obsessive relationships with AI bots, allegedly contributing to delusions and, in extreme cases, murder-suicides. Several families have sued leading AI developers over the issue....
IRDAI approves transmission of late Jhunjhunwala’s stake in Star Health

IRDAI approves transmission of late Jhunjhunwala’s stake in Star Health

by AIP Online Bureau | Apr 7, 2026 | Briefs, Eco/Invest/Demography, Regulation

Star Health has received approval from Insurance Regulatory and Development Authority of India (IRDAI) on Tuesday for the proposed transmission of 8,28,82,958 equity shares held by Late Rakesh Jhunjhunwala, the largest shareholder of the company, and the said...
IRDAI forms committee to review country’s current landscape of private health insurance

IRDAI forms committee to review country’s current landscape of private health insurance

by AIP Online Bureau | Apr 7, 2026 | Health, Indian News, Non-Life, Regulation

The committee will review the current landscape of private health insurance in India including coverage, penetration, claims experience, product design, grievance redressal and consumer experience. It will recommend regulatory,policy, and operational measures to...
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