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EU calls British financial market proposals ‘unacceptable’

by AIP Online Bureau | Jul 1, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Regulation

  LONDON: British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the bloc’s chief Brexit negotiator Michel Barnier...

China study warns of possible new ‘pandemic virus’ from pigs

by AIP Online Bureau | Jul 1, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

  A new flu virus found in Chinese pigs has become more infectious to humans and needs to be watched closely in case it becomes a potential "pandemic virus," a study said, although experts said there is no imminent threat.   A team of Chinese...

Car crashes deadlier as drivers speed during lockdowns:Study

by AIP Online Bureau | Jun 30, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

LONDON: Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis shows.   In New York City, the ratio of fatal crashes...

Australia to spend nearly $1 billion to boost cyber security

by AIP Online Bureau | Jun 30, 2020 | Eco/Invest/Demography, International News

  SYDNEY: Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks.   The announcement comes just weeks...

U.S.insurers’ private equity holdings rise 10% to $81.3 billion in 2019:AM Best

by AIP Online Bureau | Jun 30, 2020 | Eco/Invest/Demography, International News, Life

  OLDWICK, N.J: U.S. insurance companies for a fourth-straight year increased their private equity holdings—by nearly 10% in 2019 to $81.3 billion—as this asset class remains attractive to insurers looking to diversify their investment portfolios or...

Environmental groups propose tailings dam safety standards

by AIP Online Bureau | Jun 30, 2020 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

  Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday.   The...

Digital risks continue to be the most significant threats to business:FERMA Survey

by AIP Online Bureau | Jun 30, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Non-Life, Pandemic

  The Federation of European Risk Management Associations on Monday released the results of the 2020 European Risk Manager Report. This is the 10th edition of the report which represents the widest available information from professional risk managers...

New India Assurance turns profitable in Q4 FY 2019-20,records a net profit of Rs 113 crore

by AIP Online Bureau | Jun 30, 2020 | Eco/Invest/Demography, Indian News, Non-Life

,   Mumbai: With significant improvements in all of its vital parameters,the listed New  India Assurance(NIA)  has recorded a net profit of Rs113 crore in the March quarter as against  a loss of Rs 268 crore in the year-ago period.  ...

Patanjali takes a u-turn; says never claimed to have made Covid-19 medicine

by AIP Online Bureau | Jun 30, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Pandemic

  New Delhi: Patanjali Ayurved on Tuesday said that it never claimed to have made medicine for coronavirus. The Haridwar-based organisation has withdrawn from its earlier claim, in reply to the notice given by Uttarakhand Ayush Ministry. “Patanjali has never...

IRDA likely to implement new Indian Accounting Standard in the insurance sector soon

by AIP Online Bureau | Jun 30, 2020 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security

  Hyderabad: The insurance regulator IRDA has indicated that Implementation of the new accounting system – the Indian Accounting Standard (abbreviated as Ind-AS)- in the domestic  insurance sector is likely happened in mid 2020. In its recent board...
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