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Central Europe flooding could cause billions in insurance losses, analysts say

Central Europe flooding could cause billions in insurance losses, analysts say

by AIP Online Bureau | Sep 19, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Technology

According to re/insurance broker Gallagher Re’s estimate, insured losses are likely to range between EUR 2.0 – 3.0 billion (USD 2.2 – 3.3 billion) The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to...
Exploding pagers in Lebanon spur theories on sabotage method

Exploding pagers in Lebanon spur theories on sabotage method

by AIP Online Bureau | Sep 19, 2024 | International News, Risk Management, Technology

Deepa Kundur, professor of electrical and computer engineering at the University of Toronto, said she suspects it was a “supply chain deployment. In such an attack, the perpetrator would infiltrate the pager’s upstream supply chain to manufacture a critical component...
In 10 yrs National Pension Scheme has 1.86 cr subscribers with an AUM of Rs 13 trillion: Sitharaman

In 10 yrs National Pension Scheme has 1.86 cr subscribers with an AUM of Rs 13 trillion: Sitharaman

by AIP Online Bureau | Sep 19, 2024 | Eco/Invest/Demography, Pension & Social Security

Nirmala Sitharaman,Finance Minister NPS has generated 14 per cent, 9.1 per cent, and 8.8 per cent returns for investments in equity, corporate debt and G-Secs, respectively, Finance Minister Nirmala Sitharaman said New Delhi: Finance Minister Nirmala Sitharaman on...
U.S. Fed slashed interest rates by half a point in its first cut since 2020, more expected

U.S. Fed slashed interest rates by half a point in its first cut since 2020, more expected

by AIP Online Bureau | Sep 18, 2024 | Eco/Invest/Demography, International News, Policy, Wealth Management/ Philanthropy

Fed Chair Jerome Powell Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this year, another full percentage point in 2025, and by a final half of a percentage point in 2026 to end in a 2.75%-3.00% range...
US files $100 million lawsuit against owner and operator of ship that destroyed Baltimore’s Key Bridge

US files $100 million lawsuit against owner and operator of ship that destroyed Baltimore’s Key Bridge

by AIP Online Bureau | Sep 18, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

“The Justice Department is committed to ensuring accountability for those responsible for the destruction of the Francis Scott Key Bridge, which resulted in the tragic deaths of six people and disrupted our country’s transportation and defense infrastructure,” said...
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