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India to give $3.5 billion in revised clean tech scheme for automakers – sources

by AIP Online Bureau | Sep 8, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Technology

NEW DELHI, Sept 08  India will give about $3.5 billion in incentives to auto companies over a five-year period under a revised scheme to boost the manufacturing and export of clean technology vehicles, two sources aware of the latest proposal told Reuters. The...

HDI Global first partnership on autonomous vehicle segment

by AIP Online Bureau | Sep 8, 2021 | Eco/Invest/Demography, International News, Non-Life, Technology

  Hannover / Toronto / Whitby, Sep 08: The newly launched Digital Solutions team at HDI Global SE,an industrial lines insurer, announced its first partnership within the autonomous technology segment. The partnership with Smartcone Technologies Inc. and its...

Shareholders may pursue 737 MAX claims against Boeing board, court rules

by AIP Online Bureau | Sep 7, 2021 | International News, Non-Life

  A Delaware judge ruled on Tuesday that Boeing's board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor Morgan Zurn ruled Boeing stockholders may pursue some...

$25–$35 billion insured losses in Gulf of Mexico from hurricane Ida: RMS 

by AIP Online Bureau | Sep 7, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Newark, CA: RMS®, the world’s leading catastrophe risk solutions company, estimates onshore and offshore U.S. insured losses from Hurricane Ida in the Gulf of Mexico to be between US$25 and US$35 billion. Another extreme event modeling firm AIR...

Climate NGOs in Germany threaten legal action against VW, Daimler, BMW

by AIP Online Bureau | Sep 7, 2021 | Climate, Environment, Renewable Energy, International News, Non-Life, Risk Management

  Greenpeace and German environmental NGO Deutsche Umwelthilfe (DUH) will take legal action against BMW, Daimler’s Mercedes-Benz , Volkswagen and gas and oil firm Wintershall Dea over their impact on climate change, DUH said on Friday. Lawyers Remo Klinger...

Major U.S. insurers jump on distribution platforms to gain customers, sales

by AIP Online Bureau | Sep 7, 2021 | Intermediaries, International News, Non-Life

NEW YORK: Major U.S. insurers are joining new digital exchanges to sell not only their own policies but also those of rivals, a fresh twist in an industry known for fierce competition. The powerful new platforms, including Semsee, bolttech, Bold Penguin and Uncharted,...

Aditya Birla Health Insurance looks to break even in next fiscal year on strong growth trajectory

by AIP Online Bureau | Sep 7, 2021 | Health, Indian News

New Delhi: Sep 07 Aditya Birla Health Insurance Company Ltd (ABHICL) is likely to break even in the next financial year as the company is growing at a "good rate", a top company official said. The Aditya Birla Group''s health insurance company...

India continues to “lag way behind” in COVID vaccination: Fitch

by AIP Online Bureau | Sep 7, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

  New Delhi: Fitch Ratings on Tuesday said India continues to ''lag way behind'' in COVID vaccination, and the negative outlook on sovereign rating signifies the rising debt-to-GDP ratio. In April 2021, Fitch affirmed India's sovereign rating...

LIC deploys IDBI Intech’s Anti Money Laundering solution

by AIP Online Bureau | Sep 7, 2021 | Indian News, Life, Regulation, Technology

  New Delhi, Sept 07: IDBI Intech Ltd., the technology led business transformation organisation offering specialised solutions in the Banking, Financial Services and Insurance (BFSI) verticals has successfully implemented their iAML (Anti Money Laundering)...

Karnataka govt issues advisory to prevent Nipah virus outbreak

by AIP Online Bureau | Sep 7, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

Bengaluru: In view of cases of Nipah virus (NiV) infection being reported recently in the neighbouring state of Kerala, the Karnataka government issued an advisory to prevent the outbreak of the infection in the state. As per the information shared by the state...
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