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Insurers promote Federal Pandemic Insurance Plan to Congress

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar with the effort told Reuters.   The campaign involves discussions...

Top insurers face lawsuit from UK hospitality sector on rejected biz interruption claims

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Regulation, Reinsurance

  London: Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million-pound lawsuit from British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been rejected.   A new Hospitality...

IRDA asks general insurers to guide India Inc on managing their “Property Policies”post lockdown

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Reinsurance

Hyderabad: Appreciating the decision of the General Insurance Council(GI Council), the official representative body of the general insurers,on providing a major relief to the India Inc in the matter of  continuance of  property covers – Standard...

COVID-19 death toll rises to 1,074; cases 33,050,MHA allows stranded to return home

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: The death toll due to the novel coronavirus pandemic rose to 1,074 after 66 more fatalities and the number of cases climbed to 33,050 in the country on Thursday, according to the Union Health Ministry.   The number of active COVID-19 cases stood...

Swiss Re swings to 1st-qtr loss as Covid-19 Pandemic bites

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

FRANKFURT: Reinsurer Swiss Re said on Thursday that it swung to a net loss in the first quarter of 2020, as the coronavirus outbreak began to bite.   The loss was $225 million during the period compared with profit of $429 million a year earlier. Analysts had...
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