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US eases travel recommendations on India as COVID-19 cases fall

by AIP Online Bureau | Jul 20, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  The US has lowered its travel advisory for India from the highest Level 4, meaning no travel, to Level 3, which urges citizens to reconsider it, amidst a drop in the number of COVID-19 deaths and infections in the country. India recorded 30,093 new coronavirus...

Hospitals have become large industries, thrive on human distress: SC

by AIP Online Bureau | Jul 20, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi: The Supreme Court on Monday observed that hospitals in the country have become large industries now thriving on human distress and it is better that they be shut down. "Do we look at hospitals as a real estate industry, or as a service to...

South Africa’s riots insurer in spotlight after days of Carnage

by AIP Online Bureau | Jul 19, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage, questions are being asked about who will foot the bill. While some claims will be assessed by heavyweight insurers such as Old Mutual Group Ltd. and...

China puts controlling stake of revamped Anbang on the block for $5.2 bln

by AIP Online Bureau | Jul 19, 2021 | International News, Non-Life, Reinsurance

  Beijing Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday. China...

31.13 lakh domestic air passengers in June, 47% higher than in May: DGCA

by AIP Online Bureau | Jul 19, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic

  New Delhi: Around 31.13 lakh domestic passengers travelled by air in June, 47 per cent higher than the 21.15 lakh who travelled in May, the country’s aviation regulator said Monday. According to the Directorate General of Civil Aviation (DGCA), 57.25 lakh...
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