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Boeing faces spate of Lawsuits after second 737 MAX 8 Crash

by AIP Online Bureau | Mar 16, 2019 | International News, Risk Management

  Lawyers are already targeting Boeing Co. for Sunday’s Ethiopian Airlines disaster even while investigators are still trying to figure out what caused two 737 Max 8 jetliners to go down in a span of five months, killing 346 people.   Boeing faces the...

Ayushman Bharat, actually a ‘lifesaver’ for private insurance firms, says Jairam Ramesh

by AIP Online Bureau | Mar 16, 2019 | Health, Indian News

  New Delhi The Congress launched a scathing attack on Prime Minister Narendra Modi on March 16, alleging that his government's flagship health insurance scheme Ayushman Bharat is not for common man but actually a "lifesaver" for private insurance...

ife insurers register 33 pc growth in new premium income at Rs 18,209 cr in Feb

by AIP Online Bureau | Mar 15, 2019 | Uncategorized

  New Delhi: India's life insurance industry witnessed a rise of 32.7 per cent in its collective new premium income at Rs 18,209.50 crore during February 2019, data from Irdai showed.   The life insurers had collected first-time premium worth Rs...

Rs 210 crore of Army insurance funds sunk in IL&FS bonds

by AIP Online Bureau | Mar 15, 2019 | Indian News, Non-Life, Risk Management

  New Delhi: One of the key prongs for the welfare of ex-servicemen — the Army Group Insurance Fund (AGIF) — has exposure to toxic IL&FS bonds amounting close to Rs 210 crore. This means that crores worth of insurance premiums, covering all ranks...

Boeing to upgrade 737 MAX stall prevention system in 10 days: Source

by AIP Online Bureau | Mar 15, 2019 | International News, Risk Management, Technology

  NEW YORK: Boeing will roll out an upgrade to the software in the MCAS stall prevention system on the 737 MAX aircraft that have had two deadly accidents in recent months, an industry source told AFP.    The system was implicated in the crash of a 737...
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