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Andhra Pradesh joins PMMSY’s Group Accidental Insurance Scheme

Andhra Pradesh joins PMMSY’s Group Accidental Insurance Scheme

by AIP Online Bureau | Jul 29, 2026 | Workplace/Employee Benefits

During the current financial year 2026-27, proposal for coverage of 2,84,888 fishers have been received. Besides, the claim filing and settlement process under GAIS is governed by the policy terms and conditions. New Delhi:The Department of Fisheries, Ministry of...
Red Sea shipping slows as security threats, insurance curbs reshape vessel routes: S&P Global

Red Sea shipping slows as security threats, insurance curbs reshape vessel routes: S&P Global

by AIP Online Bureau | Jul 28, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

S&P Global said daily traffic through the Bab el-Mandeb remained subdued, recording 32 vessel transits on July 26 after 26 on July 25 and 36 on July 24. The decline coincided with reports that several major insurers had suspended war-risk cargo cover for...
LIC appoints Shatmanyu Shrivastava as CFO, Varadarajan Muthuvenkataraman as Chief Risk Officer

LIC appoints Shatmanyu Shrivastava as CFO, Varadarajan Muthuvenkataraman as Chief Risk Officer

by AIP Online Bureau | Jul 28, 2026 | Indian News, Life

The appointments were approved by LIC’s Board of Directors at its meeting held on Tuesday on the recommendation of the Nomination & Remuneration Committee New Delhi: Life Insurance Corporation of India (LIC) has appointed Shatmanyu Shrivastava as its chief...
Tankers divert to Egypt as Houthi threat disrupts Red Sea

Tankers divert to Egypt as Houthi threat disrupts Red Sea

by AIP Online Bureau | Jul 28, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Over the past week, only Chinese ships and vessels owned by countries friendly with Iran have continued to transit Bab el Mandeb, while western tankers and more risk-averse Asian shippers have opted for the costlier and longer route via the Suez Canal. Empty...
Iran proposes temporary Hormuz plan giving itself greater control over transit lines

Iran proposes temporary Hormuz plan giving itself greater control over transit lines

by AIP Online Bureau | Jul 28, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Deputy Foreign Minister Kazem Gharibabadi said Tehran rejected an Omani proposal ​for an equal division of transit routes between the ⁠two countries, saying such a plan did not address Tehran’s ​security concerns until long-term regional stability is achieved....
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