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Pakistan & Sweden report cases of more infectious form of mpox first identified in Congo

by AIP Online Bureau | Aug 16, 2024 | Eco/Invest/Demography, Health, International News, Regulation

WHO said there have been more than 14,000 cases and 524 deaths in more than a dozen countries across Africa this year, which already exceed last year’s figures Pakistan has detected three patients with the mpox virus, the health department in Khyber Pakhtunkhwa...

Biden, Harris hail Medicare drug price cuts that will save billions

by AIP Online Bureau | Aug 15, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Policy, Regulation, Reinsurance

Biden’s signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026 LARGO,...

Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion

by AIP Online Bureau | Aug 15, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Jeff Waters, director, North Atlantic Hurricane Models at Moody’s, said, “Hurricane Debby should not be a major event for the (re)insurance market. Debby made landfall just 10 to 15 miles (16 to 24 kilometers) from last year’s Hurricane Idalia’s Florida landfall as a...

McKinsey sees AI surge boosting consulting amid industry slump

by AIP Online Bureau | Aug 15, 2024 | Eco/Invest/Demography, International News, Technology, Workplace/Employee Benefits

Among those deploying automation rapidly are the traditional and regulated industries such as banking and insurance, Rodney Zemmel, senior partner and head of the McKinsey’s digital business said McKinsey & Co. is seeing an increase in the number of clients...

Severe typhoon set to disrupt flight, train services in Japan

by AIP Online Bureau | Aug 15, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Disruptions from tropical storms this time of year have become an annual occurrence in Japan and other countries in the region. They’re also more severe, causing factories to halt production and companies telling employees to stay at home. The latest typhoon,...
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