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Standard Club launches its new seafarer wellbeing initiatives

by AIP Online Bureau | Nov 27, 2019 | International News, Non-Life

  London: The Standard Club on Wednesday launched its new seafarer wellbeing initiative as part of its wider focus on putting people at the heart of all it does.This programme of activity is a key part of the Standard Club’s commitment to seafarer...

India’s sugar demand takes a beating over slowdown, health concerns

by AIP Online Bureau | Nov 27, 2019 | Eco/Invest/Demography, Facts, Health

   New Delhi: Sugar demand in India is starting to stagnate as economic growth in the top user slows and food manufacturers opt for alternatives, according to Meir Commodities India Pvt and Golden Agri-Resources Ltd.   The nation will consume 25 million...

NGT slaps Rs 10 cr penalty on Faridabad builder for violating environmental norms

by AIP Online Bureau | Nov 27, 2019 | Eco/Invest/Demography, Health, Indian News, Risk Management

  New Delhi: The National Green Tribunal on November 27 slapped an interim penalty of Rs 10 crore on a Faridabad builder for violating environmental norms and causing pollution, observing that "environment is priceless". The green panel directed Haryana...

IRDAI makes it mandatory for general insurers to offer a standard health product

by AIP Online Bureau | Nov 26, 2019 | Health, Indian News, Non-Life, Workplace/Employee Benefits

   Hyderabad::  The insurnace regulator IRDAI has made it mandatory for all the general insurers to  offer a standard health insurance product to customers.   “To enable access to the basic health insurance covers, all insurers...

Thieves steal priceless items from Dresden’s treasury green vault

by AIP Online Bureau | Nov 26, 2019 | International News, Risk Management

  Paris: Thieves have carried out a heist at Dresden’s Green Vault, one of the world’s oldest museum containing priceless treasures and jewels, German officials said Monday.   The treasury of Augustus the Strong of Saxony was established in 1723...

IRDAI suggests no depreciation for the first 3 years in motor claims

by AIP Online Bureau | Nov 25, 2019 | Indian News, Non-Life, Regulation

  Hyderabad: The insurance regulator IRDAI is planning to revamp the ways insurers do motor insurance business, own damage,including the methods for calculating the depreciation and sum isured  of motor vehicles while settling any claims.  ...

‘Unfit’ Uber loses London licence over safety failures

by AIP Online Bureau | Nov 25, 2019 | Eco/Invest/Demography, International News

  LONDON: London's transport authority on Monday refused to renew an operating licence for ride-hailing giant Uber — and blamed "unacceptable" safety risks for passengers. "Transport for London (TfL) has concluded that it will not grant...

For every new A320neo plane added to existing fleet, ground an old one: DGCA tells IndiGo

by AIP Online Bureau | Nov 25, 2019 | Indian News, Non-Life

  New Delhi: Aviation regulator DGCA on Monday instructed IndiGo to ensure that it grounds an old A320neo family aircraft with an unmodified Pratt and Whitney (PW) engine for every new A320neo plane added to its fleet.   "Now onwards, every aircraft...

Swiss Re outlines strategies for further profitable growth in reinsurance

by AIP Online Bureau | Nov 25, 2019 | International News, Non-Life, Reinsurance, Technology

  London: At today’s Investors’ Day, Swiss Re, the largest global reinsurer, has confirmed its strategy, targets and capital management priorities, underlining its unique client access, leading risk knowledge and capital strength as key...

IRDAI consults DHFL administrator to decide the future of group’s 2 insurance subsidiaries  

by AIP Online Bureau | Nov 25, 2019 | Indian News, Life, Non-Life, Regulation

  Mumbai: Changing its earlier stand, the insurance regulator Irdai has decided to talk to the administrator of insolvent Dewan Housing Finance Corp Ltd (DHFL) to frame its action plans on the two of its insurance companies, DHFL Pramerica Life and DHFL...
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