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Aila, Amphan, Asani: How A Cyclone is Named?

by AIP Online Bureau | May 8, 2022 | Disaster & Management, Facts

Each tropical storm is given a name to avoid confusion, facilitating disaster risk awareness, management and mitigation Bhubaneswar: Every year, as a cyclone looms over a region, its name becomes a cause of intrigue for many, who wonder why and how is the storm...

Nigeria first nation to stop domestic flights as fuel costs soar

by AIP Online Bureau | May 8, 2022 | International News

The war has caused massive disruption to energy markets with Russian feedstocks used to produce jet fuel and diesel becoming untouchable for many parts of the world. China has also cut its oil product export quota, limiting supplies. The loss of 3.2 million barrels a...
Future Enterprises to exit insurance business, to raise Rs 3,000 cr via insurance biz sale to pare debt

Future Enterprises to exit insurance business, to raise Rs 3,000 cr via insurance biz sale to pare debt

by AIP Online Bureau | May 8, 2022 | Indian News, Main Menu, Non-Life

Kishor Biyani-led group Future Enterprises would completely exit the insurance sector after selling its existing stakes in life and non-life joint ventures soon Mumbai: Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from...

US cyber insurance payouts increase amid rising claims, premium hikes

by AIP Online Bureau | May 8, 2022 | Eco/Invest/Demography, Non-Life, Reinsurance, Technology

Cyber insurance direct written premiums in US grew by 74% in 2021 to over $4.8 bil., according to statutory financial data from the “Cybersecurity and Identity Theft Insurance Coverage Supplement.” Premiums for standalone coverage increased by 92% to over $3.1 billion...

State-run general insurers may get further capital infusion of Rs 3,000-5,000 cr

by AIP Online Bureau | May 8, 2022 | Indian News, Non-Life, Policy

Fund support was given to the weak general insurance companies last financial year, some more fund requirement is there to bring them back on profitability path, sources said. During 2020-21, Rs 9,950 crore was infused in three PSU general insurers by the government...
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