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Insurers face $500 million in claims for up to 60 commercial ships stuck in Ukraine

Insurers face $500 million in claims for up to 60 commercial ships stuck in Ukraine

by AIP Online Bureau | Feb 28, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

With insurers already grappling with exposure to commercial aircraft caught up in Russia, the prospect of payouts will likely translate into higher costs for shipments from the region A senior industry source said exposure for the ships currently stuck was estimated...

First time in many years, fixed deposit rates turn positive at 8%

by AIP Online Bureau | Feb 28, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The rates are better even from other angles, too, as one-year post office deposit fetches a low 6.6 per cent and 6.8 per cent for two years, while the 10-year government securities yield just 7.35 per cent Mumbai: As banks’ chase for customers to collect cheap...

Disclosures in advertisements must be hard to miss by consumers: Govt

by AIP Online Bureau | Feb 28, 2023 | Eco/Invest/Demography, Indian News, Policy

Rohit Kumar Singh, Secretary to the Department of Consumer Affairs emphasized the duty of manufacturers, service providers, advertisers, and advertising agencies to ensure that their advertisements do not mislead consumers. Disclosures made in advertisements must be...

Scientists Model Lightning Strikes to Aircrafts, Could Optimise Design of Protection

by AIP Online Bureau | Feb 27, 2023 | Facts, Risk Management

Lightning strikes can damage the aircraft surface, lead to temporary disruptions in electrical and electronic systems or even cause permanent damage, and in extreme cases, cause ignition of the fuel-air mixture around the engine, leading to an explosion. Researchers...
Investors’ wealth plunges Rs 10.42 lakh crore in 7 trading sessions

Investors’ wealth plunges Rs 10.42 lakh crore in 7 trading sessions

by AIP Online Bureau | Feb 27, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities Ltd, said weak Asian markets cues and worsening global macro economic indicators like higher inflation level, rising interest rates and volatile commodity prices are forcing investors to slash...
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