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Cyber joins Business Interruption as leading Global Risk for first time: Allianz

by AIP Online Bureau | Jan 16, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  NEW YORK: In the wake of mega data breaches and privacy scandals, major IT outages and the introduction of tighter data protection rules in the European Union and other countries, cyber risk is now a core concern for businesses in 2019 and beyond.  ...

Max Life Insurance to pay death claims up to Rs 50 Lakhs in just 1 day

by AIP Online Bureau | Jan 16, 2019 | Indian News, Life

  New Delhi:  Max Life Insurance has launched InstaClaim™, an initiative that endeavours to pay death claims in just 1 day for policies up to Rs. 50 Lakhs where all minimum mandatory documents are received. Death claims shall be eligible for...

Bajaj Allianz General Insurance launches a Health Policy against Vector Borne Diseases

by AIP Online Bureau | Jan 16, 2019 | Health, Indian News, Non-Life

  Pune: Bajaj Allianz General Insurance, India’s leading private general insurer has launched a new health insurance product called M-Care. It covers 7 major vector borne diseases namely Dengue, Malaria, Chikungunya, Kala Azar, Japanese Encephalitis,...

Indians should give up west-oriented lifestyles: Naidu

by AIP Online Bureau | Jan 14, 2019 | Facts, Health

  Vice President M Venkaiah Naidu Sunday called for return to the Indian traditions of healthy eating and living by giving up "west-oriented lifestyles".    He was speaking during the second anniversary function of the Swarna Bharat...

65% chance that weak El Niño will emerge in Spring, U.S. Weather Service

by AIP Online Bureau | Jan 13, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  There is a 65 percent chance of an El Niño weather pattern emerging during the northern hemisphere spring this year, a U.S. government weather forecaster said on Thursday.   “However, given the timing and that a weak event is favored,...

US: Drug advertising drives $30 bn Medical Industry marketing machine

by AIP Online Bureau | Jan 13, 2019 | Eco/Invest/Demography, Health, International News

  Ads for prescription drugs appeared 5 million times in just one year, capping a recent surge in U.S. medical marketing, a new analysis found. The advertisements for various medicines showed up on TV, newspapers, online sites and elsewhere in 2016. Their numbers...

Fiat Chrysler to pay $700M to U.S., States, car owners over diesel emissions claims

by AIP Online Bureau | Jan 13, 2019 | International News, Non-Life, Risk Management

Fiat Chrysler Automobiles NV will pay more than $700 million to resolve lawsuits from the U.S. Justice Department and diesel owners over claims it used illegal software to allow 104,000 diesel vehicles to emit excess emissions, three people briefed on the matter said...

Colorado Man Sentenced to 76 yrs of prison for $16mn securities fraud over Insurance Marketing Organisations

by AIP Online Bureau | Jan 13, 2019 | International News, Risk Management

  A Colorado man has been sentenced to 76 years in prison for securities fraud over soliciting investments for insurance marketing organizations.   The Denver Post reported 59-year-old Kelly James Schnorenberg was sentenced last month after a Douglas County...

169 complaints of sexual harassment at workplace in private industries: WCD Ministry

by AIP Online Bureau | Jan 13, 2019 | Indian News, Risk Management

  New Delhi: A total of 169 complaints of sexual harassment at workplace have been received in private industries since 2017, the Women and Child Development Ministry has said. The complaints were received through 'SHe-box', an online system for filing...

FPIs turn net sellers in January; withdraw Rs 3,600 cr in just 9 sessions

by AIP Online Bureau | Jan 13, 2019 | Data, Eco/Invest/Demography

  Mumbai: Foreign investors have pulled out more than Rs 3,600 crore from the Indian equity markets in the last nine trading sessions, adopting a cautious stance towards the country.   This comes following a cumulative net inflow of Rs 8,584 crore in the...
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  • PM calls for global framework on cyberfraud, deepfakes; asks govts, telcos, financial cos to team up
  • Companies experience sharp increase in business interruption losses, says Allianz
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