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U.S. FDA finds high levels of carcinogen in diabetes drug metformin

by AIP Online Bureau | May 28, 2020 | Eco/Invest/Demography, Facts, Health

 The U.S Food and Drug Administration said on Wednesday it had found high levels of a possible cancer-causing impurity in some versions of the popular diabetes drug metformin.   The agency is reaching out to companies whose drugs had N-nitrosodimethylamine...

Pandemic forces virtual safety checks for oil tankers

by AIP Online Bureau | May 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance, Risk Management

London: Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage.   Oil...

COVID-19 pandemic creating ‘lockdown generation’ as one in six youths stop work:UN

by AIP Online Bureau | May 27, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  The novel coronavirus pandemic has led to a surge in unemployment worldwide but it has hit young workers hard, the United Nations said on May 27, noting that more than one in six people aged under 29 were forced to stop working due to the COVID-19 crisis....

Airbus opens investigation into plane crash in Pakistan

by AIP Online Bureau | May 27, 2020 | International News, Non-Life, Risk Management, Technology

  Karachi: Pakistan announced Tuesday that Airbus experts have opened a probe into last week’s plane crash that killed 97 people when an Airbus A320 went down in a crowded neighborhood near the airport in the port city of Karachi.   Initial reports...

SCOR joins UN-convened Net-Zero Asset Owner Alliance, alligns its investment portfolio with low-carbon economy

by AIP Online Bureau | May 27, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  Paris: French reinsurer SCOR has strengthened its sustainable actions towards a low-carbon economy within its investment portfolio and joins the Net-Zero Asset Owner Alliance as of May 27, 2020.   Launched in September 2019 during the United...

Private jet demand rises as wealthy Russians spend lockdown in West

by AIP Online Bureau | May 27, 2020 | Eco/Invest/Demography, Facts, Non-Life, Reinsurance

Some private jet companies have seen a rise in demand from wealthy Russians who want to spend time in the West during the coronavirus crisis but who were unable to take commercial flights amid tight restrictions by airlines and governments. Passengers are heading for...

U.S. sanctions advisory raises hurdles for global maritime industry

by AIP Online Bureau | May 27, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

LONDON/WASHINGTON  Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of...

Identify private hospitals to treat COVID-19 patients for free or at nominal cost: SC to Centre

by AIP Online Bureau | May 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: The Supreme Court Wednesday asked the Centre to identify private hospitals where COVID-19 infected patients could get treatment for free or at a nominal cost. A bench headed by Chief Justice S A Bobde, hearing the matter via video-conferencing,...

HDFC Ergo collaborates with Apollo clinic to offer health insurace products 

by AIP Online Bureau | May 27, 2020 | Health, Indian News, Intermediaries

      Mumbai: HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, and Apollo Clinic, India’s leading multi-specialty clinics by Apollo Health and Lifestyle (AHLL), announced their...

Nilesh Sathe joins NHAI as Finance Advisor

by AIP Online Bureau | May 27, 2020 | Eco/Invest/Demography, Indian News, Life

  New Delhi: Nilesh Sathe,former member,IRDAI,the insurance regulator of India,has joined National Highways Authority of India (NHAI) as  finance advisor.He will have initially two-year term at NHAI.     Sathe will help NHAI to garner funds,...
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