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CoreLogic estimates California wildfire insured losses at $35 to $45 billion

CoreLogic estimates California wildfire insured losses at $35 to $45 billion

by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...

Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash

by AIP Online Bureau | Jan 16, 2025 | International News, Non-Life, Reinsurance, Technology

“My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced,” said Aiyawatt, who succeed Vichai as chairman of Leicester. “I hold them wholly responsible for his death.” The...
Country can’t afford to take cyber security resources from even friendly country: IT Secretary

Country can’t afford to take cyber security resources from even friendly country: IT Secretary

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

“There is a crucial story, especially in something like cyber security. The crucial story is that you have to have an independent resource within the country. You can’t afford not to have it. This is not something where you can actually take it from other...
Make faulty road construction non-bailable offence: Gadkari

Make faulty road construction non-bailable offence: Gadkari

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy

According to the minister, the ministry data of road accidents in 2023 shows five lakh mishaps in the country resulting in 1,72,000 deaths. “Of this, 66.4 per cent, or 1,14,000, were in the 18-45 years age bracket while 10,000 deaths were of children,”...

AM Best maintains stable outlook on India’s non-life insurance segment

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology

“We expect that India’s non-life premium growth will be bolstered over the medium term by the country’s economic development, rising insurance demand, and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion,”...
Wish to bring as many Indians into market ecosystem to help in wealth creation: Buch

Wish to bring as many Indians into market ecosystem to help in wealth creation: Buch

by AIP Online Bureau | Jan 16, 2025 | Indian News, Regulation, Technology, Wealth Management/ Philanthropy

“‘… a system that is efficient but is exclusive does not serve the nation. We wish for our market ecosystem to be inclusive and to bring as many citizens of the country into the fold and into the opportunity of wealth creation for our nation,” Sebi...

Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’

by AIP Online Bureau | Jan 16, 2025 | International News, Risk Management, Technology

The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers who had bought Apple or Beats products LONDON: Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the...

India evaluating impact of proposed US restriction on AI chip export: Sources

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

The proposal has no restriction for 18 key allies of the US, which have been clubbed under Group 1, but there are restrictions on the quantity that can be exported to other countries under Group 2, including India New Delhi: India is evaluating the impact of the US...

90k salaried individuals withdraw wrongful tax deductions: Rs 1,070 cr

by AIP Online Bureau | Jan 16, 2025 | Indian News

During investigation, it was revealed that such individuals are employees of organisations operating in diverse fields including PSUs, big corporations, MNCs, LLPs, Private Ltd Companies, etc, sources said. Also, most of them who claimed wrongful deductions were...
Women in Goa stride towards empowerment with ‘Bima Sakhi’ scheme

Women in Goa stride towards empowerment with ‘Bima Sakhi’ scheme

by AIP Online Bureau | Jan 16, 2025 | Indian News, Life

Pramod Sawant, Chief Minister, Goa The Bima Sakhi Yojana was launched by Prime Minister Narendra Modi in December 2024, while the Pramod Sawant-led Goa government launched this initiative in association with Life Insurance Corporation (LIC) last week Panaji: The...
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