by AIP Online Bureau | May 23, 2019 | Eco/Invest/Demography, International News, Non-Life
TORONTO: Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. At the annual Collision...
by AIP Online Bureau | May 22, 2019 | Indian News, Life
Mumbai: IDBI Bank after being taken over by the Life Insurnace Corporation (LIC), is now acting as a corporate agent of the corporation since 27th February, 2019 and in the first month i.e. March, 2019 the corporation has procured 20,980 policies with...
by AIP Online Bureau | May 22, 2019 | International News, Non-Life
American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday. A non-binding resolution to endorse the...
by AIP Online Bureau | May 22, 2019 | International News, Non-Life, Risk Management
A French woman whose husband died in the crash of a Boeing 737 MAX airliner in Ethiopia has filed a U.S. lawsuit against the planemaker, seeking at least $276 million in damages. The crash of Ethiopian Airlines flight 302 in March killed all 157 passengers and...
by AIP Online Bureau | May 22, 2019 | Health, International News, Risk Management
Johnson & Johnson was ordered to pay at least $25 million to a woman who said she contracted a rare asbestos-related cancer through decades of daily use of J&J’s Baby Powder or its other talc product, Shower to Shower. The New York verdict for...
by AIP Online Bureau | May 22, 2019 | International News, Non-Life, Reinsurance
Tokyo: Japan’s non-life insurers are facing pressure to rebuild catastrophe reserves amid rising reinsurance costs that follow a catastrophe loss-heavy year in 2018, according to a new AM Best market segment report Last year marked a record for...
by AIP Online Bureau | May 22, 2019 | International News, Life, Non-Life
Lagos: Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the sector’s risk management. Existing companies must comply by June next year, while it is effective...
by AIP Online Bureau | May 22, 2019 | Indian News, Intermediaries, Non-Life
Rolling Meadows: Arthur J. Gallagher & Co, the fourth largest international insurance broker, has purchased a minority stake in Edelweiss Insurance Brokers Limited (EIBL), a wholly owned subsidiary of Edelweiss Group, a diversified...
by AIP Online Bureau | May 21, 2019 | Eco/Invest/Demography, Indian News, Risk Management
Chennai: With a view to strengthening the supervision and regulation of commercial banks, urban cooperative banks and Non-Banking Financial Companies(NBFCs), the Reserve Bank of India (RBI) on Tuesday has decided to create a specialised supervisory and...
by AIP Online Bureau | May 21, 2019 | Eco/Invest/Demography, International News, Workplace/Employee Benefits
With Hong Kong and Singapore routinely topping the charts as the most expensive places to live and play, it may come as some surprise that Japan offers the best pay packets for expats in Asia. The average expatriate pay package provided by companies in...
