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UK insurers under fire as watchdog proposes ‘radical’ ban on loyalty penalties

by AIP Online Bureau | Sep 23, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic

LONDON  Britain’s Financial Conduct Authority (FCA) on Tuesday proposed stopping insurers from charging existing car and home insurance customers more than new ones in the latest crackdown on an industry grappling with costly COVID-19 claims.One week after...

Mumbai suburbs get over 280 mm rain in 24 hours: IMD

by AIP Online Bureau | Sep 23, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

  Mumbai: Mumbai received one of the highest showers in the last 24 hours of this monsoon season and more rainfall is likely in the city and suburbs on Wednesday, MeT officials said. Heavy showers overnight and early Wednesday morning caused waterlogging at many...

Insurance losses from Western U.S. Wildfires to Be Between $4bn and $8bn:RMSĀ 

by AIP Online Bureau | Sep 23, 2020 | Eco/Invest/Demography, International News

  NEWARK, Calif: Catastrophe risk company  RMS estimates insured losses for the Western U.S. will be between US$4.0 and US$8.0 billion. These losses reflect estimates as of September 20, 2020, and further escalation in losses are likely as many fires are...

COVID-19 tally in India crosses 56-lakh mark

by AIP Online Bureau | Sep 22, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: India's COVID-19 caseload went past 56 lakh with 83,347 infections being reported in a day, while over 45 lakh people have recovered from the disease, according to the Union Health Ministry data updated on Wednesday. The national recovery rate...

Lok Sabha approves labour reforms amid union protests

by AIP Online Bureau | Sep 22, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy, Workplace/Employee Benefits

NEW DELHI: India’s lower house of parliament on Tuesday approved long-pending, disputed labour reforms in the teeth of a boycott by opposition parties and protests from trade unions. The three new labour codes – making it easier for firms to hire and fire...
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