by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management
Catastrophe modeling firm Karen Clark & Co. said, total insured losses from the quake will reach $6.4 billion, with residential losses accounting for over two-thirds of the total Chanyoung Lee, director, analytics, AM Best, said “While the earthquake losses...
by AIP Online Bureau | Jan 1, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
A tsunami of about 3 metres high was expected to hit Niigata and other prefectures on the western coast of Japan. Smaller tsunami waves were already confirmed to have reached the coastline, according to NHK.The area includes a nuclear plant. Tokyo Electric Power Co.,...
by AIP Online Bureau | Dec 28, 2023 | International News, Non-Life, Regulation
The order was issued to Aioi Nissay Dowa Insurance, Sompo Japan Insurance, Tokio Marine & Nichido and Mitsui Sumitomo Insurance.The four had been asked to report to the regulator on whether they engaged in prior consultations with each other when preparing...
by AIP Online Bureau | Oct 24, 2023 | Eco/Invest/Demography, Indian News, Policy
India’s nominal GDP measured in USD terms is forecast to rise from USD 3.5 trillion in 2022 to USD 7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding Japanese GDP by 2030, making India the second largest...
by AIP Online Bureau | Aug 29, 2023 | Eco/Invest/Demography, Features, Health, Risk Management, Technology
Managing the ever-growing volume of radioactive wastewater held in more than 1, 000 tanks has been a safety risk and a burden since the plant was wrecked by a massive earthquake and tsunami on March 11, 2011. The tanks are already filled to 98% of their...
