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Insurers return part of auto premiums as coronavirus cuts driving

by AIP Online Bureau | Apr 9, 2020 | Eco/Invest/Demography, Facts, Non-Life, Reinsurance

Major U.S. insurers are offering credit to auto and motorcycle policyholders following a decline in driving, as most Americans stay at home to help contain the spread of the novel coronavirus.   Following is a list of companies, in alphabetical order, which have...

India says lockdown has spared it from overwhelming number of coronavirus cases

by AIP Online Bureau | Apr 9, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

NEW DELHI: The Indian government on Thursday claimed initial success in its fight against the coronavirus epidemic, saying it would have been hit with 820,000 cases by next week had it not imposed a nationwide lockdown.   The number of people infected with the...

Multiple billion-dollar severe weather outbreaks affect the U.S. during March, Aon cat report

by AIP Online Bureau | Apr 9, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  CHICAGO: The monthly Global Catastrophe Recap report by Aon plc,evaluating the impact of the natural disaster events that occurred worldwide during March 2020,reveals a total economic losses in excess of USD1.1bn, with roughly three-quarters of the total...

Coronavirus impact on Swiss Re absolutely manageable,says official

by AIP Online Bureau | Apr 9, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

FRANKFURT:  Swiss Re is confident it can weather the storm of the coronavirus outbreak, an executive said.   The reinsurer has a strong balance sheet, prudent asset allocation and hedges on assets, Edi Schmid, Swiss Re’s Group Chief Underwriting...

China plans allowing a foreign life insurer to own more than one main business license

by AIP Online Bureau | Apr 9, 2020 | Eco/Invest/Demography, International News, Life, Regulation

  Beijing: China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic peers, five people with knowledge of the matter said, as the country pushes ahead in opening up its financial sector....
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