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Suez Canal works to clear backlog as shipping convoys resume

by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management

ISMAILIA, Egypt: The Suez Canal expects 140 ships to pass on Tuesday after the freeing of a container ship stranded for nearly a week allowed it to reopen, but experts warned that disruptions to global shipping and at ports could take months to resolve.The blockage...

Australia flooding to cut into insurers’ earnings, add to upward pressure on reinsurance rates:AM Best

by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Singapore: AM Best expects the severe flooding in Australia’s eastern states to put pressure on insurance companies’ underwriting results over the near term and add to the industry’s recently elevated loss burden from natural catastrophe...

Pfizer, Moderna Covid-19 vaccines work in real-world conditions: US CDC

by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic

  Washington: The Pfizer and Moderna Covid-19 vaccines provide highly effective protection under real-world conditions, according to a new report from the US Centers for Disease Control and Prevention. CNN reported that at full vaccination, the vaccines were 90...

French pharma firm guilty of fraud, manslaughter over weight loss pill: court

by AIP Online Bureau | Mar 31, 2021 | Health, International News, Risk Management

Paris: A French court on Monday found pharma giant Servier guilty of "aggravated fraud" and "involuntary manslaughter" over a diabetes and weight loss pill blamed for hundreds of deaths in one of the country's biggest recent health scandals....

52% of Indian firms report cyber attack in last 12 months

by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  Mumbai, About 52 per cent of Indian organisations said they fell victim to a successful cybersecurity attack in the last 12 months, according to a survey released on Tuesday. Of these successful breaches, 71 per cent of organisations admitted it was a serious...
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