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Higher losses during disasters due to abysmally low insurance cover of 8%: SBI Report

by AIP Online Bureau | Jul 17, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

The losses due to the ongoing floods in the north is the range of Rs 10,000-15,000 crore as the calamity has severely hit Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Rajasthan, J&K and Delhi. Himachal alone would have lost Rs 3,000-4,000 crore by way of...

Himachal suffered losses of about Rs 8,000 crore due to rain: CM Sukhu

by AIP Online Bureau | Jul 15, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life

About 70,000 tourists have been evacuated from the state and 15,000 vehicles sent out, while around 500 tourists have voluntarily decided to stay back, Sukhu said in a statement issued here Shimla: Himachal Pradesh has suffered losses of about Rs 8,000 crore as heavy...

Climate-attributed U.S. Hurricane losses to increase by at aeast 10% over 20 yrs under selected scenarios: Aon

by AIP Online Bureau | Jun 21, 2023 | Disaster & Management, Intermediaries, International News, Non-Life

Aon plc has revealed how its academic collaborations are progressing climate science, enhancing catastrophe model development and helping organizations to fulfill Environmental, Social and Governance (ESG) mandates The 14 global academic collaborations are bringing...

London’s Excel Centre wins insurance ruling on COVID-19 losses

by AIP Online Bureau | Jun 20, 2023 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance

Law firm Stewarts, which represented the owners of the ExCel Centre, said the ruling “could potentially affect hundreds of thousands of policyholders.” “Policyholders whose BI losses remain uncompensated should now revisit their policy documents to consider whether...
PB Fintech to wipe out accumulated losses in next four year: CEO

PB Fintech to wipe out accumulated losses in next four year: CEO

by AIP Online Bureau | Jun 12, 2023 | Indian News, Intermediaries, Technology

Yashish Dahiya,PB Fintech chairman and group CEO ”FY24, our hope is EBITDA coming out of core business will be more than enough to cover all investments and overall, as a company, we should be PAT positive for the full year. What we want is Rs 1,000 crore PAT by...
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