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Parts of India record hottest April as heatwave kills nine

by AIP Online Bureau | May 1, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

“The mean temperature in eastern India was 28.12 Celsius (82.61 Fahrenheit) in April, the warmest since records began in 1901, with experts blaming a combination of factors. “In an El Nino year, you get more heating,” said Mrutyunjay Mohapatra, chief...

Bermuda insurer credit profiles supported by BMA regulatory reforms: Fitch

by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Regulation, Reinsurance

The Bermuda life insurance market has grown rapidly. Assets increased to $1.1 billion as of YE2022 from $496 million in 2018, and the number of life insurance licenses increased 10% over the same period to 180. This growth has been driven by its economic-based regime,...
Walmart to shut all health clinics in US over lack of profitability

Walmart to shut all health clinics in US over lack of profitability

by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, Health, International News

“Healthcare is expensive to run. We were finding that the increased labor and operating costs environment, like with reimbursement, both public and private, made it difficult (to run the business) and obvious we had to close,” Walmart spokeswoman Marilee...
Africa Specialty Risks launches ASR Syndicate 2454 at Lloyd’s

Africa Specialty Risks launches ASR Syndicate 2454 at Lloyd’s

by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Currently, only 2% of Lloyd’s business comes from Africa, something which ASR Syndicate 2454 is strategically placed to expand. ASR began underwriting in February 2021, with the explicit aim of closing the insurance gap in Africa and facilitating international...
Self-driving trucks could become reality despite doubts from safety advocates 

Self-driving trucks could become reality despite doubts from safety advocates 

by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, Features, Non-Life, Reinsurance, Technology

Within three or four years, Aurora and its competitors expect to put thousands such self-driving trucks on America’s public freeways. The goal is for the trucks, which can run nearly around the clock without any breaks, to speed the flow of goods, accelerating...
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