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Cat bonds remain unscathed after Hurricane Milton

by AIP Online Bureau | Oct 26, 2024 | Workplace/Employee Benefits

After two weeks of number-crunching, it now seems clear that investors in catastrophe bonds emerged from Hurricane Milton relatively unscathed. In fact, holders of the bonds may be looking at returns of as much as 12%, according to Zurich-based asset manager and...
Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal

Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal

by AIP Online Bureau | Oct 26, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation

The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...

Must take action on hoax bomb threats to airlines, IT Ministry tells social media platforms

by AIP Online Bureau | Oct 26, 2024 | Indian News, Risk Management, Technology

“Considering the serious nature of the situation, the Ministry of Electronics and Information Technology reminds with emphasis that all the intermediaries including social media intermediaries must make reasonable efforts to disallow such malicious acts...
Cyclone Dana: Crops on 1.75L acre in Odisha damaged, another 2.80L acre submerged, says Govt

Cyclone Dana: Crops on 1.75L acre in Odisha damaged, another 2.80L acre submerged, says Govt

by AIP Online Bureau | Oct 26, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

Chief Minister Mohan Charan Majhi during a review meeting on Friday night said the final estimate of the loss in the agriculture sector would be known from the detailed report, on the basis of which the government would decide on compensation for farmers Bhubaneswar:...
Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC

Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC

by AIP Online Bureau | Oct 26, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy

The top court was hearing an appeal filed by kin of a man who died in a road accident in 2015.When it came to determining the age, the top court accepted the contention of the claimant-appellants before it and upheld the judgment of the Motor Accident Claims Tribunal...
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