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No new deaths due to COVID reported in 17 states, UTs in India: Health ministry

by AIP Online Bureau | Feb 13, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The distribution of daily deaths among states and union territories in a span of 24 hours reflects a significant decline, with 17 of them not reporting any new COVID-19 fatality, the Union Health Ministry said on Saturday. A total of 17 states and...

Facebook working on smartwatch with focus on messaging, fitness: Report

by AIP Online Bureau | Feb 13, 2021 | Eco/Invest/Demography, Facts, Health, Technology

  Facebook is reportedly working on a smartwatch that will focus on messaging and health features. Wearers will be able to send messages with Facebook services like Messenger and WhatsApp, and it will work with a cellular connection without a tethered smartphone,...

New India Assurance Q3 net profit rises 5.9% to Rs 524 cr, increases its market share to 14.64%

by AIP Online Bureau | Feb 13, 2021 | Health, Indian News, Non-Life

  Mumbai: Despite higher underwriting losses and iower investment income, State owned New India Assurance (NIA) Friday posted a 5.9 per cent year on year (Y-o-Y) rise in its net profit to Rs 521 crore for the third quarter ended December 2020. It had...

Study: Smaller cars may be why crashes injure women more

by AIP Online Bureau | Feb 13, 2021 | Disaster & Management, Eco/Invest/Demography, Facts

The smaller, lighter vehicles that women more often drive, and the types of crashes they get into, may explain why they are much more likely to suffer a serious injury in a collision than men, a new study published Thursday found. Researchers from the Insurance...

Biden administration asks U.S. Supreme Court to uphold Obamacare law

by AIP Online Bureau | Feb 13, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

  President Joe Biden’s administration on Wednesday told the U.S. Supreme Court that the Obamacare healthcare law should be upheld, reversing the position taken by the government under his Republican predecessor Donald Trump. The court in November held oral...

Florida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes

by AIP Online Bureau | Feb 13, 2021 | Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

  Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to award them big fees. The rate increases...

German cabinet approves legislation to ban glyphosate from 2024

by AIP Online Bureau | Feb 13, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Farmers in Germany will have to gradually reduce their use of glyphosate and stop using it completely from 2024 in order to preserve clean habitats for insects, under draft legislation passed by the country’s cabinet on Wednesday. “The exit from glyphosate...

EU expert group at odds over how to resolve tech, carmakers’ patent dispute

by AIP Online Bureau | Feb 13, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

  BRUSSELS: European Union efforts to resolve a patent dispute between tech companies and carmakers have hit a roadblock after experts enlisted for advice failed to agree on the level of royalties or who should pay them. Tech firm Nokia and automaker Daimler are...

Investors vie for windfall from rejected covid insurance claims

by AIP Online Bureau | Feb 13, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

A growing market niche where investors profit from others’ legal troubles is getting a boost from Covid. Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for choice after a landmark U.K. court ruling last month rejected pleas...

Creation of health ID under NDHM not mandatory for citizens: Ashwini Choubey

by AIP Online Bureau | Feb 12, 2021 | Eco/Invest/Demography, Health, Indian News, Risk Management, Technology

  New Delhi: Creation of a health ID under the National Digital Health Mission (NDHM) is not mandatory for citizens, Minister of State for Health, Ashwini Choubey, informed Parliament on Friday. On August 15, 2020, Prime Minister Narendra Modi announced the NDHM,...
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