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Lloyd’s of London considers part-virtual underwriting room

by AIP Online Bureau | May 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance, Risk Management

LONDON: The Lloyd’s of London insurance market said on Friday it is considering combining its physical underwriting floor in the City of London with some online elements.Lloyd’s shut its “underwriting room” in its London tower on March 19 in...

Fed’s Powell fears second coronavirus wave, reiterates crisis-fighting pledge

by AIP Online Bureau | May 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

WASHINGTON: Federal Reserve Chair Jerome Powell on Friday said a potential surge in U.S. coronavirus infections could derail the recovery from the deep downturn triggered by the pandemic, even as he reiterated the central bank’s vow to keep fighting the crisis....

Pakistan Jet crashed shortly after bizarre landing attempt at 327 KPH

by AIP Online Bureau | May 30, 2020 | International News, Non-Life, Reinsurance, Risk Management

  Karachi: A deadly plane crash in Pakistan is prompting questions about how the crew could touch down without landing gear when their sophisticated jetliner was bristling with equipment to prevent pilots from doing just that.   After an abrupt descent that...

AXA agrees to pay Covid-19 Business Interruption claims to French restaurants after court ruling

by AIP Online Bureau | May 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

  Paris:  AXA will meet the bulk of business interruption claims from some restaurant owners in France, it said on Tuesday, after losing a court case seen as a potential precedent for coronavirus-related disputes across the world.   A Paris court ruled...

US terminating relationship with WHO; takes steps against China

by AIP Online Bureau | May 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Washington: US President Donald Trump on Friday said that America was terminating its relationship with the World Health Organization (WHO) as he blamed it and China for the deaths and destruction caused by the COVID-19 pandemic across the globe.   Trump...

Sun Pharma to test pancreatitis drug in COVID-19 patients in India

by AIP Online Bureau | May 29, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

BENGALURU:  Drugmaker Sun Pharmaceutical Industries Ltd said on Friday it has received Indian regulatory approval to start clinical trials of a pancreatitis drug in COVID-19 patients.   The company joins other Indian drugmakers Glenmark Pharmaceuticals Ltd...

India’s economy slows in March quarter, with worse to come

by AIP Online Bureau | May 29, 2020 | Eco/Invest/Demography, Indian News

  NEW DELHI: India’s economy grew at its slowest pace in at least eight years in the January-March quarter as the coronavirus pandemic weakened already sluggish consumer demand and investments.Asia’s third largest economy grew at a...

Lockdown could be extended by another 15 days, positive sign for Metro, malls, restaurants in exit plans

by AIP Online Bureau | May 29, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi/Panaji: Three days ahead of completing 68-day countrywide lockdown, the Centre is learnt to have come up with a roadmap of an exit plan from the crisis in its fourth extension of the restrictions '5.0' which may allow malls and restaurants to...

Doctors in India go online to treat patients amid coronavirus outbreak

by AIP Online Bureau | May 29, 2020 | Eco/Invest/Demography, Health, Indian News, Technology

  New Delhi: As India's health system grapples with the coronavirus, doctors are increasingly going online to consult with patients suffering less critical or chronic diseases, while the south Asian economy prepares to emerge from a nationwide lockdown....

Trump signs executive order aimed at regulating social media companies

by AIP Online Bureau | May 29, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

Washington: US President Donald Trump on Thursday signed an executive order aimed at increasing the ability of the government to regulate social media platforms. Speaking from the Oval Office ahead of signing the order, Trump said that the move was to "defend...
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