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Insurers to offer up to $5B in capacity to hike developing nations’ Climate Resilience

by AIP Online Bureau | Sep 25, 2019 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

  Insurers are partnering with the United Nations and other public groups to help the poorest countries bounce back from natural disasters that may become a more regular occurrence.   As part of the program, as much as $5 billion in insurance capacity will...

Boeing 737 fund will pay crash victims’ families $145K each

by AIP Online Bureau | Sep 25, 2019 | Non-Life

Boeing Co. will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a $50 million financial assistance fund announced in July, the fund’s administrators said on Monday.   The fund, overseen by Washington lawyers Ken...

SEBI pulls up SBI Life for not complying with minimum public shareholding norms

by AIP Online Bureau | Sep 25, 2019 | Indian News, Life, Regulation

    Mumbai: Market regulator SEBI has pulled up SBI Life insurance for not complying with minimum public shareholding (MPS) norms and directed the insurer to be cautious in the future.   SBI Life started as a 74:26 joint venture between public sector...

HDFC Life launches pre-approved product

by AIP Online Bureau | Sep 25, 2019 | Indian News, Life, Technology

  Mumbai, HDFC Life Insurance Company has, as part of its InsurTech journey, launched INSTAInsure – an industry first initiative that provides a 3 click pre-approved insurance offer. This development reinforces HDFC Life’s vision and commitment to...

Won’t allow driverless cars in India: Nitin Gadkari

by AIP Online Bureau | Sep 24, 2019 | Eco/Invest/Demography, Indian News, Technology

  New Delhi: Union minister Nitin Gadkari on September 24 said he will not allow driverless cars in India as these could take away jobs of several lakh people in the country. "Several big personalities from the country met me and said they want to bring...
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