by AIP Online Bureau | May 4, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
Bhubaneswar: At least 12 people including a child were killed on Friday as Cyclone Fani battered Odisha, causing extensive damage in Puri and many others parts of the eastern state. Cyclonic storm Fani made landfall in Odisha’s Puri district...
by AIP Online Bureau | May 3, 2019 | Indian News, Life, Non-Life, Regulation, Reinsurance
Mumbai: IRDAI Chairman, Subhash Chandra Khuntia has announced three initiatives that the insurance regulator will be setting-up soon.They include (i) establishment of a risk-based capital system: a self-regulating mechanism where those who manage...
by AIP Online Bureau | May 2, 2019 | International News, Non-Life
Faced with lawsuits over a plane crash half a world away, Boeing Co. is arguing it shouldn’t have to defend itself in a courtroom a short walk from its corporate headquarters. The world’s largest planemaker has indicated in court filings that...
by AIP Online Bureau | May 2, 2019 | International News, Risk Management
Big banks and other financial firms spend as much as $3,000 per employee to defend computer networks from cyber criminals, a survey found, as the industry remains the primary target of such attacks. That would translate to about $750 million annually for...
by AIP Online Bureau | May 2, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: The pace of growth in air traffic hit a five-year low at 11.6 percent in fiscal 2019, pulled down by low growth of 3.9 percent in the March quarter as against a healthy 14.9 percent in the first three quarters. Cargo traffic growth also moderated in...
by AIP Online Bureau | May 2, 2019 | Indian News, Life
Mumbai: Standard Life (Mauritius Holdings) will off-load 1.78 percent stake in HDFC Life Insurance Co for Rs 1,404 crore beginning on May 3. The sale will be undertaken in two slots — non-retail investors on May 3 and for retail investors next...
by AIP Online Bureau | May 2, 2019 | Indian News, Non-Life
New Delhi: Eleven senior officials of five state owned general insurance companies, GIC Re, New India Assurance(NIA), United India Insurance(UII), National Insurance Company(NIC) and Oriental Insurance Company(OIC) , on Thursday, have been promoted...
by AIP Online Bureau | May 2, 2019 | International News, Non-Life, Reinsurance
The series of complaints, filed in a federal court in Chicago, allege that Boeing was negligent in its design and certification of the 737 Max, including a system on the jet that automatically pushes the aircraft’s nose down when sensor data indicate the...
by AIP Online Bureau | May 2, 2019 | Facts, Health
Children under five must spend less time sitting watching screens, or restrained in prams and seats, get better quality sleep and have more time for active play if they are to grow up healthy, according to new guidelines issued by the World Health...
by AIP Online Bureau | May 1, 2019 | Eco/Invest/Demography, International News, Non-Life
London: :Aon plc and the Ponemon Institute released a global 2019 Intangible Assets Financial Statement Impact Comparison Report today that found that property, plant and equipment (PP&E) has 60 percent insurance coverage versus only 16 percent...
