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Irish central bank: We’ll act against insurers who don’t pay COVID-19 claims

by AIP Online Bureau | Feb 12, 2021 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance, Risk Management

DUBLIN: Ireland’s central bank governor told insurers to urgently honor and pay valid claims related to COVID-19 disruption, following a successful test case in court last week, or risk facing legal action by the regulator. Ireland’s High Court ruled on...

Hack exposes vulnerability of US water plants

by AIP Online Bureau | Feb 12, 2021 | Eco/Invest/Demography, Health, International News

  ST. PETERSBURG, Fla: A hacker’s botched attempt to poison the water supply of a small Florida city is raising alarms about just how vulnerable the nation's water systems may be to attacks by more sophisticated intruders. Treatment plants are typically...

Avg time spent by Indians on smartphones highest globally: Nokia report

by AIP Online Bureau | Feb 12, 2021 | Eco/Invest/Demography, Facts

  New Delhi: Average time spent by Indians on smartphones is the highest in the world and the duration for watching short videos is likely to rise 4-fold by 2025, telecom gear maker firm Nokia said in a report on Thursday. The annual report – Mobile...

Chhattisgarh rejects Bharat Biotech vaccine approved without efficacy data

by AIP Online Bureau | Feb 12, 2021 | Eco/Invest/Demography, Health, Indian News, Risk Management

  NEW DELHI: An opposition-ruled Indian state said on Thursday it had asked the federal government to halt the supply of a homegrown COVID-19 vaccine until its efficacy could be proven in an ongoing late-stage trial. India, which has reported the world’s...

Poonawalla Group takes over Magma Fincorp in Rs 3,456 cr deal

by AIP Online Bureau | Feb 11, 2021 | Indian News, Non-Life

  Mumbai, The Poonawalla Group is acquiring a controlling 60 per cent stake in non-banking finance firm Magma Fincorp by subscribing to a Rs 3,456-crore preferential issue, the Pune-based company, better known for the Serum Institute, said on Wednesday. The...
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