by AIP Online Bureau | May 4, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
Bhubaneswar: At least 12 people including a child were killed on Friday as Cyclone Fani battered Odisha, causing extensive damage in Puri and many others parts of the eastern state. Cyclonic storm Fani made landfall in Odisha’s Puri district...
by AIP Online Bureau | May 3, 2019 | Indian News, Life, Non-Life, Regulation, Reinsurance
Mumbai: IRDAI Chairman, Subhash Chandra Khuntia has announced three initiatives that the insurance regulator will be setting-up soon.They include (i) establishment of a risk-based capital system: a self-regulating mechanism where those who manage...
by AIP Online Bureau | May 2, 2019 | International News, Non-Life
Faced with lawsuits over a plane crash half a world away, Boeing Co. is arguing it shouldn’t have to defend itself in a courtroom a short walk from its corporate headquarters. The world’s largest planemaker has indicated in court filings that...
by AIP Online Bureau | May 2, 2019 | International News, Risk Management
Big banks and other financial firms spend as much as $3,000 per employee to defend computer networks from cyber criminals, a survey found, as the industry remains the primary target of such attacks. That would translate to about $750 million annually for...
by AIP Online Bureau | May 2, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: The pace of growth in air traffic hit a five-year low at 11.6 percent in fiscal 2019, pulled down by low growth of 3.9 percent in the March quarter as against a healthy 14.9 percent in the first three quarters. Cargo traffic growth also moderated in...
