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Severe typhoon set to disrupt flight, train services in Japan

by AIP Online Bureau | Aug 15, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Disruptions from tropical storms this time of year have become an annual occurrence in Japan and other countries in the region. They’re also more severe, causing factories to halt production and companies telling employees to stay at home. The latest typhoon,...

Wall street firms to pay $470 million to settle with US regulators over texting

by AIP Online Bureau | Aug 15, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The penalties mark the latest wave of a sweeping multi-year enforcement initiative targeting Wall Street’s use of so-called “off channel” work communications such as text and WhatsApp messages in breach of rules which require firms to retain certain work-related...

US FDA seeks fresh curbs on sodium levels in packaged, processed foods

by AIP Online Bureau | Aug 15, 2024 | Health, International News

“Reducing sodium in the food supply has the potential to be one of the most important public health initiatives in a generation,” FDA Deputy Commissioner for Human Foods Jim Jones said in a statement Fast-food chains, including McDonald’s , Burger...
India only G20 nation to achieve climate targets, its efforts surprise world: PM Modi

India only G20 nation to achieve climate targets, its efforts surprise world: PM Modi

by AIP Online Bureau | Aug 15, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management

Prime Minister Narendra Modi “We have met the climate targets set under the Paris Agreement ahead of schedule. India is the only nation among the G20 countries to do so, and we are proud of it,” the prime minister said New Delhi: India is the only country among G20...
18% GST on premiums: a significant deterrent to insurance purchase and penetration

18% GST on premiums: a significant deterrent to insurance purchase and penetration

by AIP Online Bureau | Aug 15, 2024 | Articles, Eco/Invest/Demography, Health, Non-Life, Reinsurance

Experts argue in favour of removal of 18% GST on Health covers to boost insurance penetration “If GST is removed, a straight 18% less in amount will keep people from choosing higher sum-insured or better policy coverages in the same amount” Rakesh Jain,...
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