by AIP Online Bureau | Oct 26, 2026 | Eco/Invest/Demography, Indian News, Regulation
In one of the major financial penalties in recent cases, a Judicial Magistrate First Class Court in Bhiwandi, Maharashtra, imposed a total fine of Rs 34 lakh on importing firm Ador Welding Ltd and 16 of its directors and officials for violating mandatory BIS...
by AIP Online Bureau | Oct 26, 2026 | Disaster & Management, Eco/Invest/Demography, Indian News
Arnab, which formed over the Bay of Bengal before intensifying into a cyclonic storm, is expected to make landfall in Andhra Pradesh state by Wednesday morning, with gusts of as much as 140 kph (87 mph), India’s weather office said. Bhubaneswar: Two states...
by AIP Online Bureau | Oct 26, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Raydan, who maintains the institute’s interactive shipping incident map, has recorded 28 confirmed and reported attacks in the Strait of Hormuz and surrounding waterways in October and 113 since the US-Israeli war with Iran began on February 28. OSLO: October...
by AIP Online Bureau | Oct 25, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
Prime Minister Narendra Modi inaugurating the Reserve Bank of India’s Rs 169-crore data centre and Cybersecurity Training Institute in Bhubaneswar on Sunday The data centre will host mission-critical payment and settlement systems, along with other flagship...
by AIP Online Bureau | Oct 25, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Q3 also marked the sixth consecutive quarter without an individual natural catastrophe generating more than USD10 billion in insured losses. This comparatively favorable loss experience has supported strong industry earnings, robust capital positions and substantial...
by AIP Online Bureau | Oct 25, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
“We often see elderly patients become confused or have strokes or have cardiac-type events where heat may have made a significant contributing factor to the death,” said Andrew Hartle, an intensive-care consultant at Imperial College Healthcare NHS Trust, in a press...
by AIP Online Bureau | Oct 25, 2026 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News
According to India’s first Adaptation Communication to the UN Climate Change Summit in 2023 (COP28), the country alone estimated a cumulative need for expenditure for adaptation of Rs 56.68 trillion by 2030.Adaptation finance refers to the funds spent to help...
by AIP Online Bureau | Oct 25, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Insurance rates in the third quarter decreased 14% in the IMEA region, the highest across all regions. No major losses were reported across major insurance lines. Singapore: Rates continued to vary significantly by market, with the steepest reductions in India and...
by AIP Online Bureau | Oct 24, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Geological hazards, which include rain-triggered landslides and mudslides, caused the highest proportion of fatalities and made up 60% of all disaster types, while typhoons caused the largest amount of direct financial damage, the ministry said. HONG KONG: China...
by AIP Online Bureau | Oct 24, 2026 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life
The proposed distribution reforms have sparked concerns across the industry over their potential impact on distribution costs, intermediary remuneration and the sustainability of existing business models. New Delhi: The Insurance Regulatory and Development Authority...
