by AIP Online Bureau | Feb 26, 2022 | International News, Non-Life, Reinsurance
New rules will require insurance companies to factor property owners’ improvements into the pricing of residential and commercial coverage SACRAMENTO, Calif: California’s insurance commissioner announced new rules on Friday aimed at lowering premiums for people who...
by AIP Online Bureau | Feb 26, 2022 | International News, Non-Life, Reinsurance, Risk Management
“Further sanctions may impact the ability of international insurers and reinsurers to underwrite Russian risks or make it more difficult for them to service claims on existing policies,” said Anna Sheremeteva, financial analyst, AM Best LONDON: International rating...
by AIP Online Bureau | Feb 25, 2022 | Indian News, Non-Life, Reinsurance, Risk Management
Tata had begun preliminary discussions with the planemakers and lessors for jets including Airbus A350-900s and Boeing 787-9 Dreamliners, citing people familiar with the matter New Delhi: Planemakers Boeing Co and Airbus SE have met executives from India’s Tata...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Ship insurers have quoted the additional premium rate for seven days at anywhere between 1% to 2% and up to 5% of insurance costs, from an estimated 0.025% on Monday before Russia’s invasion began, according to indicative rates from marine insurance sources This...
by AIP Online Bureau | Feb 25, 2022 | Indian News, Wealth Management/ Philanthropy
“Global markets including Indian equities witnessed a smart pull back after yesterday’s crash as the new sanction imposed by US and UK appeared to be less severe for the Russian economy,” said Siddhartha Khemka, Head – Retail Research, Motilal...
by AIP Online Bureau | Feb 25, 2022 | Life, Policy, Wealth Management/ Philanthropy
As per Sebi rules, both FPI and FDI are permitted under public offer. However, since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation New Delhi: The Union...
by AIP Online Bureau | Feb 25, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy
“The growth in climate impacts is far outpacing our efforts to adapt to them,” UNEP chief Inger Andersen warned this month. She urged nations, cities, businesses and individuals to turn adaptation efforts “into a sprint”. BARCELONA: From...
by AIP Online Bureau | Feb 25, 2022 | Facts, Health, Pandemic
Covifenz is made from proteins, grown in plants, that look like the virus that causes Covid-19 to the human immune system, according to Medicago’s website. The vaccine also uses Glaxo’s pandemic adjuvant, a substance that boosts the immune system’s response The...
by AIP Online Bureau | Feb 25, 2022 | International News, Non-Life, Reinsurance
Paul Murray, CEO Reinsurance Asia, Regional President Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “We are pleased that Russell Higginbotham has accepted this new important position, driving forward our Reinsurance Solutions strategy. This is a...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Risk Management
As airlines assessed the airspace risks, they have also been hit by a spike in oil prices to more than $105 per barrel for the first time since 2014 as a result of the conflict. That raises operating costs at a time when travel demand remains low because of the...
