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India’s chaotic cities turn eerily silent as coronavirus fears grow

by AIP Online Bureau | Mar 28, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  MUMBAI: The bustling streets are silent across much of India as the country heeds Prime Minister Narendra Modi's 21-day lockdown to break the chain of transmission of the coronavirus, but the WhatsApp groups are buzzing.   As the number of infections...

Pressure mounts on U.S. insurers to pay pandemic business loss claims

by AIP Online Bureau | Mar 28, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

U.S. commercial insurers face mounting political pressure to cover claims from businesses that are losing revenue because of coronavirus shutdowns ordered by state and local governments.   Insurers have begun rejecting claims from restaurants and other businesses...

From quills to qwerty: Lloyd’s underwriters adapt to home working

by AIP Online Bureau | Mar 28, 2020 | Eco/Invest/Demography, Health, International News, Technology

LONDON: Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them.Working at home due to the coronavirus lockdown, they have abandoned the normal tools of...

Scor shareholder ups pressure over executive pay, wants AGM postponed

by AIP Online Bureau | Mar 28, 2020 | International News, Reinsurance

  PARIS: Investment fund CIAM has urged Scor to postpone next month’s annual shareholders meeting and also criticised the French insurer for making only cosmetic changes to its executive pay policy.   CIAM, which owns more than a 1% stake in Scor, said...

India proposes online platform for SAARC to jointly combat coronavirus

by AIP Online Bureau | Mar 28, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Technology

  New Delhi, India has proposed setting up of a common electronic platform for all SAARC nations to share expertise and best practices to jointly combat the spread of coronavirus, days after Prime Minister Narendra Modi strongly pitched for a regional approach to...

Slashed interest rate needs quick transmission: FM

by AIP Online Bureau | Mar 28, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Finance Minister Nirmala Sitharaman on Friday asked banks for "quick transmission" of slashed interest rate as the RBI cut the key lending rate sharply by 75 basis points to boost liquidity in financial system to deal with the COVID-19...

Maha govt mulls insurance for staff treating COVID-19 patients

by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Life, Non-Life

  Mumbai: Maharashtra Health Minister Rajesh Tope on Friday said the state government is considering to provide insurance cover to the medical staff treating COVID-19 patients in the state.   In a Facebook live, Tope said apart from the insurance cover,...

Coronavirus cases rise to 873 in India, highest single-day jump in number of cases

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

New Delh:  The number of COVID-19 cases climbed to 873 in India on Saturday with the death toll rising to 19, according to the Union Health Ministry.   While, the US surpassed China in Covid-19 cases, global infections have crossed 597,267 mark. As many as...

Climate and Pandemics

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

  COVID-19 is a slowly unfolding catastrophe that poses a serious threat to humanity worldwide. Unlike a tornado, hurricane, or even flood, it is hard to say when the event will end. Unlike heat waves and droughts, it is likely not being enhanced by climate...

SC nod to 10-day sale of 10% of BS-IV unsold inventory post lockdown

by AIP Online Bureau | Mar 27, 2020 | Eco/Invest/Demography, Indian News, Non-Life

New Delhi: In a relief to automobile dealers, the Supreme Court on Friday allowed the sale of BS IV compliant vehicles for 10 days, except in Delhi-NCR, after the ongoing countrywide lockdown over the coronavirus pandemic is lifted.   The apex court, which had...
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