by AIP Online Bureau | May 4, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
Kolkata: People of West Bengal heaved a sigh of relief as severe cyclonic storm Fani weakened on May 4 morning and was moving towards neighbouring Bangladesh, a senior official of the regional meteorological centre said. The city witnessed wind speeds of...
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...
