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Why snow, hail and wildfire are expensive for insurance industry

by AIP Online Bureau | Aug 17, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

If you’re having trouble wrapping your mind around the spree of natural catastrophes currently plaguing the world—from deadly July floods in Germany and China to the wildfires still burning in Greece, California and Siberia —you may be interested to...

Shell will pay $111 million to end Nigerian oil-spill case

by AIP Online Bureau | Aug 17, 2021 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

Royal Dutch Shell Plc’s Nigerian unit agreed to pay a local community $111 million to resolve a long-running dispute over an oil spill that occurred more than half a century ago. The Anglo-Dutch energy giant will pay the Ejama-Ebubu people 45.7 billion naira...

US, European countries train Africa to tackle piracy in African waters

by AIP Online Bureau | Aug 17, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

LAGOS: Helicopters hover above a patrol vessel in Nigeria’s frenetic Apapa port as attack boats zoom past. On the dock, drones emblazoned with the Nigerian flag sit ready to deploy – all part of a $195 million U.S.-backed “Deep Blue” initiative...

Sources: US to recommend COVID vaccine boosters at 8 months

by AIP Online Bureau | Aug 17, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  Washington DC: US health experts are expected to recommend COVID-19 vaccine boosters for all Americans, regardless of age, eight months after they received their second dose of the shot, to ensure lasting protection against the coronavirus as the delta variant...

Claim and counter-claim: health insurance key point of debate in pandemic

by AIP Online Bureau | Aug 17, 2021 | Articles, Eco/Invest/Demography, Health, Non-Life, Pandemic

Anubhab Datta is grieving and waiting. Grieving for his father who died of Covid in May this year, when the second wave was peaking, and waiting for the insurance agency to reimburse the hospital bills and death claims. Closure after such a monumental personal tragedy...

No data shows need for booster vaccines presently: Dr Gagandeep Kang

by AIP Online Bureau | Aug 17, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy

New Delhi: Speaking about when a booster dose should be administered, Dr Gagandeep Kang, professor at Christian Medical College Vellore on Tuesday, said some countries that have used inactivated, vectored vaccines or mRNA vaccines have begun to offer a booster dose to...

New Zealand to enter lockdown after single coronavirus case found

by AIP Online Bureau | Aug 17, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Policy

  Wellington: New Zealand's government took drastic action Tuesday by putting the entire nation into a strict lockdown for at least three days after finding a single case of coronavirus infection in the community. Prime Minister Jacinda Ardern invoked some of...

NPS” non-govt subscriber base crosses 30 lakh-mark; corpus to hit Rs 1 lakh cr soon: PFRDA

by AIP Online Bureau | Aug 17, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security

New Delhi, The corporate and retail sector subscriber base under the National Pension System (NPS) has crossed over 30 lakh as on date, and the corpus under these is about to reach a landmark Rs 1 lakh crore-mark, PFRDA Chairman Supratim Bandyopadhyay said on Tuesday....

Pandemic has IFC pumping $1.7 billion into local companies, up 51%

by AIP Online Bureau | Aug 17, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, Indian News, Pandemic, Policy

  Mumbai: The pandemic has led to the International Finance Corporation(IFC) massively ramping up its impact investment in the country – its largest client nation globally – at USD 1.7 billion as of June, a 51 per cent rise over the past 12 months,...

World Bank launches new Cybersecurity Multi-Donor Trust Fund

by AIP Online Bureau | Aug 17, 2021 | Eco/Invest/Demography, International News, Policy, Technology

Washington DC: The World Bank announced today the launch of a new Cybersecurity Multi-Donor Trust Fund under the broader Digital Development Partnership (DDP) umbrella program. Digital transformation is accelerating in many countries, offering new opportunities for...
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