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India’s COVID-19 tally reaches 2,16,919 with record spike of 9,304 cases; death toll 6,075

by AIP Online Bureau | Jun 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi:  Coronavirus cases in India saw a record single-day jump of 9,304 cases on Thursday pushing the total tally to 2,16,919, while the death toll climbed to 6,075 with 260 new fatalities, according to the Union health ministry.   India stood seventh...

SC seeks finance ministry’s reply on waiver of interest on loans during moratorium period

by AIP Online Bureau | Jun 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: The Supreme Court Thursday sought finance ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a forced waiver of interest risking financial viability of the banks....

COVID-19 Pandemic: Emerging risks and trends

by AIP Online Bureau | Jun 4, 2020 | Articles, Disaster & Management, Eco/Invest/Demography, Health, Non-Life, Reinsurance, Risk Management

  New risks and trends accentuated by the COVID-19 pandemic are emerging, but the current crisis shouldn’t overshadow the need for the world to transition to a more sustainable economy and a low-carbon future, the new Swiss Re Institute’s SONAR report...

AXA faces 1,700 ambiguous restaurant contracts over pandemic payouts

by AIP Online Bureau | Jun 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health

PARIS: French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as to whether business interruption losses due to the COVID-19 crisis should be covered, its CEO told Le Monde in an interview.   The...

UK offers 10 billion pounds in guarantees for trade credit insurance

by AIP Online Bureau | Jun 4, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  LONDON: Britain’s government provided more support to businesses hit by the coronavirus crisis, saying it would guarantee up to 10 billion pounds ($12.5 billion) in trade credit insurance schemes which protect businesses against defaults or payment...

Tata AIG offers telematics-based motor insurance tracking app

by AIP Online Bureau | Jun 4, 2020 | Indian News, Non-Life, Technology

  Mumbai:: TATA AIG General Insurance Company launched an innovative telematics-based next-gen application and device ‘AutoSafe’ today. The app helps policyholders to save on premiums by selecting the kilometers driven, promotes safe driving, works as...

Mumbai avoids brunt of cyclone that barrels into India’s west coast

by AIP Online Bureau | Jun 3, 2020 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

MUMBAI: Mumbai escaped the brunt of a cyclone on Wednesday after winds changed direction and the storm made landfall further south on India’s western coast than expected, giving some respite to a metropolis already ravaged by coronavirus infections.Four people...

Govt sets up empowered group of secretaries to attract investments to India

by AIP Online Bureau | Jun 3, 2020 | Eco/Invest/Demography, Policy

  New Delhi: The government on Wednesday announced setting up of a high level empowered group of secretaries, to be chaired by the cabinet secretary, and a Project Development Cell (PDC) in ministries/ departments with a view to attracting investments to the...

Munich Re defends top global reinsurance ranking in 2019

by AIP Online Bureau | Jun 3, 2020 | International News, Non-Life, Reinsurance

  London: According to the latest Standard & Poor's(S&P) list on the  global ranking of 25 international reinsurers, Munich Re has continued to top the global reinsurer rankings in 2019, although second-place Swiss Re AG substantially...

Publishers sue internet archive over free E-Books

by AIP Online Bureau | Jun 3, 2020 | International News, Technology

NEW YORK: Four of the country’s biggest publishers have sued a digital library for copyright infringement, alleging that the Internet Archive has illegally offered more than a million scanned works to the public, including such favorites as Toni Morrison’s...
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