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Casino gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL

by AIP Online Bureau | Mar 26, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance.   Among the defendants named in the...

21-day lockdown Care Ratings predicts Rs 7.2 lakh crore impact on economy

by AIP Online Bureau | Mar 26, 2020 | Eco/Invest/Demography, Health, Indian News, Intermediaries

  Mumbai: If the 21-day long national lockdown leads to 80 per cent production loss, the economy will take a hit of Rs 35,000-40,000 crore on a daily basis, shaving off Rs 6.3-7.2 lakh crore cumulatively, says Care Ratings.   The assessment is based on the...

UK, U.S. Banks and regulators warn of wave of Coronavirus scams

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.   With British...

Olympics delay, not cancellation, provides reprieve for insurers

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

LONDON: Delaying the Olympics is likely to cost insurers much less than cancelling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a postponement, industry sources say.   The Tokyo Olympics were...

Indian aviation sector may incur $3.3-3.6 billion loss in June quarter: CAPA India

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Indian aviation sector is projected to incur a staggering USD 3.3-3.6 billion loss in the first quarter of the next financial year if flight services remain grounded till June-end, according to a report. Aviation consultancy CAPA India on Wednesday...
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