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Lawsuits against businesses over Coronavirus have begun. More to come?

by AIP Online Bureau | Mar 6, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

  The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits.   Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they didn’t take adequate steps...

UK’s Aviva to Sell Entire Stake in Indonesia Joint Venture

by AIP Online Bureau | Mar 6, 2020 | International News, Life

  British insurer Aviva said on Friday it would pull out completely from Indonesia by selling its entire stake in joint venture PT Astra Aviva Life to its partner in the operation.   “The transaction is expected to complete in Q4 2020 and is subject to...

Coronavirus wreaks financial havoc as infections near 100,000

by AIP Online Bureau | Mar 6, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  LONDON/LOS ANGELES: Business districts around the world began to empty and stock markets tumbled on Friday as the number of coronavirus infections neared 100,000 and the economic damage wrought by the outbreak intensified.An increasing number of people faced a...

Top UK firms face tougher climate disclosure rule

by AIP Online Bureau | Mar 6, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

LONDON: Britain’s top listed companies must disclose how climate change affects their business, using globally agreed guidance, or explain to investors why they have not, the Financial Conduct Authority (FCA) proposed on Friday.   Investors increasingly...

LIC to partner with Mahindra Insurance Brokers to sell micro insurance policies

by AIP Online Bureau | Mar 6, 2020 | Eco/Invest/Demography, Indian News, Life

  Mumbai: In a bid to for promoting financial inclusion of the marginalised sections of the society,for the first time, the  Life Insurance Corporation(LIC) of India has today launched an online & paperless process of completion of policies of micro...

Coronavirus could knock $211 bn off APAC economies,Japan most vulnerable

by AIP Online Bureau | Mar 6, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  A fast spreading coronavirus outbreak could knock $211 billion off the combined economies of the Asia-Pacific, with Japan, Hong Kong, Singapore and Australia among the most exposed, S&P Global Ratings said on Friday.   S&P cut its 2020 growth...

RBI unveils Yes Bank’s restructuring plans,SBI likely to hold 49% stake

by AIP Online Bureau | Mar 6, 2020 | Banking & Bancassurance, Indian News, Regulation

  Mumbai: Even as the SBI board has given the largest lender an "in-principle" approval to invest in the capital-starved Yes Bank, the Reserve Bank of India, as part  reconstructing scheme for the revival of Yes Bank, has said that...

Tata Motors asked to pay Rs3.5 lakh compensation for Indigo’s misleading advertisement

by AIP Online Bureau | Mar 6, 2020 | Indian News, Non-Life, Risk Management

  New Delhi: The National Consumer Disputes Redressal Commission (NCDRC), the country’s apex consumer commission has asked Tata Motors to pay Rs 3.5 lakh towards compensation and punitive damages for misleading advertisements making false mileage claims...

Shortage of personal protective equipment endangering health workers worldwide

by AIP Online Bureau | Mar 6, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

Geneva: The World Health Organization has warned that severe and mounting disruption to the global supply of personal protective equipment (PPE) – caused by rising demand, panic buying, hoarding and misuse – is putting lives at risk from the new...

As India coronavirus cases spike, experts daunted by prospect of South Asia spread

by AIP Online Bureau | Mar 6, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  MUMBAI:  India has ramped up the screening of travellers to keep the coronavirus at bay but a flurry of new cases has experts warning that it may be hard to contain a spread in densely populated South Asia with its generally poor medical...
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