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Travelers reporting stranded luggage this summer jumped 30%: Mapfre

Travelers reporting stranded luggage this summer jumped 30%: Mapfre

by AIP Online Bureau | Jul 21, 2022 | International News, Non-Life, Reinsurance, Risk Management

More bags are going missing as short-staffed airports and airlines struggle to keep up with luggage handling alongside surging travel demand.Most stranded luggage ends up resurfacing, thus not triggering reimbursement, the insurer said The number of travelers...
Ship insurers seek more assurances on Ukraine grain corridor

Ship insurers seek more assurances on Ukraine grain corridor

by AIP Online Bureau | Jul 21, 2022 | International News, Reinsurance, Risk Management

Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea Insurance for the ships would be possible “if a sensible solution were offered,” said Rory Colacicchi,...
34 pc of coastline under varying degrees of erosion for past 28 years: Govt

34 pc of coastline under varying degrees of erosion for past 28 years: Govt

by AIP Online Bureau | Jul 21, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

“Indian National Centre for Ocean Information Services (INCOIS) has not estimated the percentage of loss specifically due to coastal erosion, however, INCOIS has estimated Coastal Vulnerability Index (CVI) for the Indian coastline, which is a cumulative impact...
Govt shortlists 7 GMs for selecting CMDs of New India and AIC

Govt shortlists 7 GMs for selecting CMDs of New India and AIC

by AIP Online Bureau | Jul 20, 2022 | Indian News, Non-Life, Policy

The general managers who have been shortlisted are- M Rajeswari Singh, Agriculture Insurance Company(AIC), BS Rahul,(AIC),N Ramaswamy, presently heading GIC Re’s London branch, Neerja Kapur, NIA, Girija Subramanian, GIC Re, Rashmi Bajpai, Oriental Insurance...
Govt implements $10-bn plan to decarbonise public transport and curb emissions

Govt implements $10-bn plan to decarbonise public transport and curb emissions

by AIP Online Bureau | Jul 20, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Technology

India could electrify all two-wheelers currently on the roads and complete the electrification of public buses in five to seven years, Acharya said. New Delhi: State-controlled Convergence Energy Services Ltd. is planning a $10-billion (Rs 80,000 crore) tender for...
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