by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, International News, Non-Life
AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based structure was improperly used to avoid tax payments in France, Mediapart reported on Sunday. French fiscal authorities found in...
by AIP Online Bureau | Nov 16, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Three strong typhoons over the past three weeks have killed more than 100 people in the Philippines and damaged farms and infrastructure worth almost 25 billion pesos ($518.5 million), based on reports from its disaster agency. A number of provinces north of...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance, Risk Management
LONDON: Major insurance companies told the UK Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in an appeal closely watched by thousands of British businesses devastated by the coronavirus crisis. Opening a fast-tracked,...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Facts
LONDON: Insurance companies in Europe and Asia Pacific are at different stages of their journey to integrate environmental, social and governance (ESG) factors into their businesses, according to new research conducted by AM Best. A new Best's Special...
by AIP Online Bureau | Nov 16, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
BOSTON: Catastrophe modeling firm AIR Worldwide (AIR) estimated that the global modeled insured average annual loss from catastrophes worldwide in 2020 is nearly USD $ 100 billion. The 1 percent aggregate exceedance probability insured loss (or the...
