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Monsoon forecast contrary to initial prediction: IMD for detailed analysis

by AIP Online Bureau | Oct 2, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

Mohapatra said several global models had predicted below normal monsoon because of the El Nino but IMD stuck to its prediction and did not revise it.

At $20K a year, US health insurance costs undermine job-based health insurance

by AIP Online Bureau | Oct 2, 2019 | Eco/Invest/Demography, Health, International News

Many Americans aren’t prepared for the risks that deductibles transfer to patients. Almost 40% of adults can’t pay an unexpected $400 expense without borrowing or selling an asset, according to a Federal Reserve survey from May.

In a first, Anil Ambani threatened with class action suit at AGM

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life

The shareholder said he will marshal 10 percent shareholders to launch the country’s maiden class action suit, in which a group of complainants sues a defendant or a number of defendants on behalf of a group,or class,of absent parties.

Lloyd’s of London to go electronic to compete with low-cost rivals

by AIP Online Bureau | Oct 1, 2019 | International News, Non-Life, Reinsurance

Simplifying and automating its processes could cut the cost of doing business at Lloyd’s to 25-30% of premium revenue, compared with a current 40%

One-third of Indian businesses hit hard by internal, external fraud: Report

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

“We believe that the level of due diligence done by Indian corporates is improving, but it is still below the basic requirement when compared globally,” said Tarun Bhatia, head of South Asia and managing director in the Business Intelligence and Investigations practice of Kroll.

Maruti to Tata, festive season fails to lift up passenger vehicle sales

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life

The country’s largest carmaker Maruti Suzuki India said its domestic sales declined by 26.7 per cent at 1,12,500 units last month as against 1,53,550 units in September 2018.

Water crises ranked as the topmost risk in India:WEF

by AIP Online Bureau | Oct 1, 2019 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Risk Management

Fifteen of the world’s 20 most polluted cities are in India (where the issue ranked second), and Dhaka, Bangladesh (where it ranked eight),is also on the list. Pollution poses health and economic risks to these countries: Each year, Bangladesh loses approximately $6.5 billion and India $5 billion due to pollution and environmental degradation.

“The FAIR Nat CAT pool has gained the approval to operate in India’’

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Interviews, Non-Life, Reinsurance

FAIR pools are performing satisfactorily, overall, the revenue of the pools and syndicate is growing steadily with expectations to have reached close to $120m in the past year, and each year we have new members sharing the units of the pools’ ownership.

Ford hands over the wheels to M&M in $275 million deal for India JV

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life

“But looking at a global scenario of rapid transformation in powertrains and a shift to electric, this is a better way to mitigate investment risks,”

Bihar: 19 NDRF teams deployed in flood-affected areas

by AIP Online Bureau | Sep 30, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News

As many as 19 people have lost their lives in rain-related incidents in Bihar’s capital, while 14 people have died across Uttar Pradesh owing to the rainfall and flood-like situation in the region.

IRDAI makes travel insurance sale via online ticket booking portals more stringent

by AIP Online Bureau | Sep 30, 2019 | Indian News, Non-Life, Regulation

This circular will come into force with immediate effect. All the group insurance arrangements that are not in compliance to these norms shall be terminated with effect from 01st Oct

Volkswagen faces first mammoth diesel lawsuit on home turf

by AIP Online Bureau | Sep 30, 2019 | International News, Non-Life, Technology

Around 450,000 people have joined a first-of-its-kind grouped proceeding, introduced by lawmakers after the “dieselgate” emissions cheating scandal broke in 2015

Foreign investors pour in Rs 7,714 cr into domestic capital markets in Sept

by AIP Online Bureau | Sep 29, 2019 | Eco/Invest/Demography, Indian News

The Centre last week slashed corporate tax rate by around 10 percentage points and also clarified that the enhanced tax surcharge will not apply on capital gains arising from sale of any security, including derivatives, in the hands of foreign portfolio investors (FPIs).

Vaping now linked to 12 deaths, 805 illnesses in U.S

by AIP Online Bureau | Sep 28, 2019 | Health, International News, Non-Life

The increased scrutiny also prompted leading e-cigarette maker Juul Labs to suspend all broadcast, print and digital product advertising in the United States and bring in a longtime Altria Group Inc executive as its CEO

Europe’s money laundering scandals expand with criminal probe of ABN Amro

by AIP Online Bureau | Sep 28, 2019 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management

Increased compliance costs and possible penalties add to the headwinds confronting European banks. Negative interest rates, lackluster economies, and Brexit are already taking a toll on profitability, forcing more lenders forcing the lenders to pass rising costs on to customers.

Welcome to My Blog

Monsoon forecast contrary to initial prediction: IMD for detailed analysis

At $20K a year, US health insurance costs undermine job-based health insurance

In a first, Anil Ambani threatened with class action suit at AGM

Lloyd’s of London to go electronic to compete with low-cost rivals

One-third of Indian businesses hit hard by internal, external fraud: Report

Maruti to Tata, festive season fails to lift up passenger vehicle sales

Water crises ranked as the topmost risk in India:WEF

“The FAIR Nat CAT pool has gained the approval to operate in India’’

Ford hands over the wheels to M&M in $275 million deal for India JV

Bihar: 19 NDRF teams deployed in flood-affected areas

IRDAI makes travel insurance sale via online ticket booking portals more stringent

Volkswagen faces first mammoth diesel lawsuit on home turf

Foreign investors pour in Rs 7,714 cr into domestic capital markets in Sept

Vaping now linked to 12 deaths, 805 illnesses in U.S

Europe’s money laundering scandals expand with criminal probe of ABN Amro

Anil Ambani’s Reliance Capital completes 21.54% stake sale in mutual fund arm

Parametric catastrophe facility CCRIF pays $12.8 mln to Bahamas for Dorian damages

PAN-Aadhaar linking date extended to 31 December