by AIP Online Bureau | Aug 20, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy
“We will disburse an amount of Rs 119.10 crores as flood rehabilitation fund through direct benefit transfer to those affected. Till now, 180 people across 34 districts have lost their lives due to floods and 19 people have died in landslides,” he added...
by AIP Online Bureau | Mar 24, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Vladimir Putin,President,Russia Companies that leave and abandon their business without any action taken by the Russia government to seize control of their assets will have a tough time collecting insurance, according to legal experts “You see companies saying...
by AIP Online Bureau | Mar 22, 2022 | International News, Non-Life, Reinsurance
Multi-billion-dollar aviation insurance claims could have significant knock-on effects on the aviation insurance market. “We would expect insurers and reinsurers to respond by increasing premiums, incorporating more exclusion clauses in their contracts, and...
by AIP Online Bureau | Feb 5, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
By region, North America accounted for the largest proportion of the loss at 68%, followed by Europe, Middle East & Africa at 23%, Asia Pacific at 8% and Latin America and the Caribbean at 1%. By peril, tropical cyclones were the most impactful, responsible for...
by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance
“There’s only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that’s pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden...
