by AIP Online Bureau | May 24, 2024 | Features, Non-Life, Risk Management, Technology
While high-altitude turbulence isn’t a rare occurrence, resulting fatalities are. The phenomenon can be caused by rising pockets of hot air, or cumulonimbus clouds that are often accompanied by gusts and storms. At higher altitudes, aircraft might encounter sudden...
by AIP Online Bureau | May 24, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
World Bank report findings show large middle-income countries including Brazil, India, Chile, Colombia, and Türkiye are making strides in carbon pricing implementation. While traditional sectors like power and industry continue to dominate, carbon pricing is...
by AIP Online Bureau | May 24, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management, Technology
Strong turbulence is produced when air streams traveling at significantly different speeds come together. This is typically encountered at the boundaries of jet streams, over mountains and in certain cloud storms, according to the turbli website The deadly turbulence...
by AIP Online Bureau | May 24, 2024 | Briefs, Eco/Invest/Demography, Life
Max Life Insurance Company (Max Life) has announced its highest-ever participating (PAR) bonus of Rs1,826 Crore for its eligible policyholders in FY23-24. The bonus is 14% higher than the bonus declared in the last fiscal. The declared annual bonus will be added to...
by AIP Online Bureau | May 23, 2024 | International News, Non-Life, Reinsurance, Risk Management
Under the Montreal Convention, Singapore Airlines is liable for accidents, which can include turbulence, on international flights regardless of whether the airline was negligent, according to U.S. aviation lawyers Travel insurance policies “will likely” cover injuries...
