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Why year-long Ebola outbreak hasn’t triggered payout from pandemic insurance

by AIP Online Bureau | Aug 3, 2019 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life

  World Bank funding instruments issued to help emerging countries swiftly tackle pandemics have come under the spotlight after the latest deadly Ebola outbreak has yet to trigger a payout.   Following the 2013-2016 Ebola outbreak that ravaged Sierra Leone,...

UK regulator asks insurers to weigh possible business impact of Climate Change

by AIP Online Bureau | Aug 2, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  London: The Bank of England for the first time is asking British insurers to gauge how global warming might impact the value of the stocks and bonds they hold — and its potential to upend financial markets. The central bank, which regulates the UK...

Parametric insurance cover provides French farmers with drought relief

by AIP Online Bureau | Aug 2, 2019 | Eco/Invest/Demography, International News, Non-Life

  Paris: Hundreds of French farmers who signed up for specialist policies aimed at insuring against freak weather are getting swift payouts which could help them recover from heatwaves and prolonged droughts that hit parts of the country.   The payments...

Aviva weighs options for Asian business including possible sale

by AIP Online Bureau | Aug 2, 2019 | International News, Life

  London: Aviva Plc is considering options for its Asian business including a possible divestment of the unit as its new chief executive officer seeks to overhaul the British insurer, people familiar with the matter said.   The Asian assets could be valued...

Aegon Life says data of 10,000 Indian customers possibly exposed

by AIP Online Bureau | Aug 2, 2019 | Indian News, Life

  Mumbai: Aegon Life Insurance, a joint venture between the Netherlands-based Aegon and India's Times Group, on Friday said its website possibly exposed data of 10,000 customers. The company, however, said it is investigating the matter.   This incident...

Lok Sabha passes Bill to set up National Committee on Dam Safety to prevent dam failures

by AIP Online Bureau | Aug 2, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News, Risk Management

  NEW DELHI: A bill seeking to set up an institutional mechanism for surveillance, inspection, operation and maintenance of specified dams across the country was passed by Lok Sabha on Friday with the centre asserting it has no intention of taking over power of...

Parliament approves UAPA Bill, allows Centre to tag individual as terrorist

by AIP Online Bureau | Aug 2, 2019 | Indian News

  New Delhi: The Parliament on Friday approved an amendment to the anti-terror law to give powers to the central government to designate an individual as terrorist and seize his properties.   While Lok Sabha had passed the Unlawful Activities (Prevention)...

35% minimum shareholding norm for listed firms may be put on hold: Report

by AIP Online Bureau | Aug 2, 2019 | Eco/Invest/Demography, Indian News

New Delhi: The government is likely to put on hold a plan to raise the minimum public shareholding in listed companies, a source with direct knowledge of the matter said, amid concerns it could force the issuance of billions of dollars worth of shares.   Stock...

Your high-tech car could be vulnerable to deadly mass cyberattacks

by AIP Online Bureau | Aug 2, 2019 | Facts, Non-Life, Risk Management, Technology

  Los Angeles: A consumer advocacy group has warned that automakers are rolling out new vehicles increasingly vulnerable to hackers, which could result in thousands of deaths in the event of a mass cyberattack.   In a new report entitled "Kill Switch:...

July may set global record as hottest in recorded history: United Nations

by AIP Online Bureau | Aug 2, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  NEW YORK : The planet endured what may have been the hottest July in history, the World Meteorological Organization said on Thursday, just a week after a European heat wave shattered all-time records and also coming on the heels of the world’s...
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