by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, International News, Reinsurance, Technology
Beijing: China imposed a record fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group Holding Ltd. after an anti-monopoly probe found that it had abused its dominant market position. The penalty is triple the previous high of almost $1 billion that...
by AIP Online Bureau | Apr 9, 2021 | Facts, Health, Non-Life
New Delhi: Rising healthcare costs in general and reports of astronomical Covid-19 treatment costs at private hospitals have changed India's attitude towards health insurance. As per a survey by Policybazaar, most consumers are purchasing health plans with...
by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life
New Delhi: The contribution of non-communicable diseases (NCDs) as the top causes of death in India has risen to a staggering 64.9 per cent as compared to communicable diseases, maternal and other causes that dropped to 25 per cent, Apollo Hospitals Group said...
by AIP Online Bureau | Apr 9, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
NEW YORK: Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to its pricing system in half...
by AIP Online Bureau | Apr 9, 2021 | International News, Non-Life, Reinsurance
Holger Tewes-Kampelmann will succeed Amer Ahmed as Chief Executive Officer (CEO), Allianz SE Reinsurance (Allianz Re), the reinsurance arm of the global insurance carrier, effective May 1st, 2021. Amer Ahmed, the CEO of Allianz Re since 2012, will step...
by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Egypt will release the giant container ship that had blocked the Suez Canal for nearly a week once a deal is reached on compensation for related losses, the head of the canal’s authority said. “The ship is ready,” Osama Rabie said in an...
by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
LONDON/LOS ANGELES: A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say. Dozens of container ships were...
by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic
New Delhi: Johnson & Johnson is in talks with India's government to begin a clinical trial of its single-dose COVID-19 vaccine in the country, the company said on Friday. The U.S. drugs and healthcare giant's vaccine is currently approved for use in...
by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, Health, International News, Non-Life
NEW DELHI: The Serum Institute of India (SII) is legally compelled to ship coronavirus vaccine to global vaccine sharing facility COVAX, its co-lead Gavi has told Reuters, a provision that could complicate the firm’s efforts to boost domestic supplies....
by AIP Online Bureau | Apr 9, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life
MELBOURNE: UNPRI, a United Nations-backed network that promotes sustainable investment, is reviewing the status of Liberty Mutual as a signatory after receiving a complaint that the U.S. insurer is backing a coal project in Australia that has drawn fire from...
