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Trade War: Container liners sever US-China shipping routes across the Pacific

Trade War: Container liners sever US-China shipping routes across the Pacific

by AIP Online Bureau | May 10, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

As a result, fees are plunging. The cost of shipping a 40-foot box from Shanghai to Los Angeles — port nodes on either side of the Pacific — hit the lowest since 2023 in late March, according to the data from Drewry Shipping Consultants, a maritime advisory firm. A...

32 airports shut till May 15 as tensions escalate between India-Pakistan

by AIP Online Bureau | May 10, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

All civil flight activities at these airports will remain suspended during this period. The Airports Authority of India (AAI) has also extended the temporary closure of 25 segments of Air Traffic Service (ATS) routes within the Delhi and Mumbai Flight Information...

Emirate royal family’s International Holding Co and Black Rock Inc float a $ 1 billion reinsurance co

by AIP Online Bureau | May 9, 2025 | Eco/Invest/Demography, International News, Non-Life

The new firm will make use of AI as a core part of the strategy, enhancing underwriting capabilities by improving the quality and speed of risk assessments. International Holding Co., Abu Dhabi’s largest listed company that’s overseen by a key member of the emirate’s...

IPL suspended indefinitely as India-Pak clashes soar

by AIP Online Bureau | May 9, 2025 | Indian News, Non-Life, Policy, Reinsurance, Risk Management

“It does not look nice that cricket goes on while the country is at war,” a BCCI official told PTI, confirming the suspension of the league, which was to wind up on May 25 in Kolkata Mumbai: The Indian Premier League (IPL) was on Friday suspended...
Star Health hacker says death threats and bullets sent to executives at India’s biggest health insurer

Star Health hacker says death threats and bullets sent to executives at India’s biggest health insurer

by AIP Online Bureau | May 9, 2025 | Health, Indian News, Risk Management, Technology

Star Health, India’s biggest health insurer, has faced criticism from customers and data security experts since Reuters reported last September that xenZen had leaked sensitive client data, including medical reports. At the time, xenZen told Reuters in an email...
PMJJBY’s cumulative enrollments surge to 23.64 cr till Apr,25: Centre

PMJJBY’s cumulative enrollments surge to 23.64 cr till Apr,25: Centre

by AIP Online Bureau | May 9, 2025 | Indian News, Life, Policy

“PMJJBY cumulative enrolments surged by 699 per cent, from 2.96 Cr (March 2016) to 23.64 Cr (April 2025), securing millions of lives under the Jansuraksha umbrella,” the Ministry of Finance said in a post on social media platform X. New Delhi: The cumulative...
Re/insurers invoke force majeure, not to pay travel claims triggered by airport shutdown and flight cancellation

Re/insurers invoke force majeure, not to pay travel claims triggered by airport shutdown and flight cancellation

by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“Most of our travel policies have an exclusion that doesn’t cover situations arising due to acts of any public authority like governments forcing airports to shut down,’’ said a senior official of New India Assurance Mumbai: With major escalation of Indo-Pak...
PB Fintech raises $218 million for its new healthcare venture

PB Fintech raises $218 million for its new healthcare venture

by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Health, Indian News, Technology

Yashish Dahiya, chairman, PB Fintech The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027, with a long-term plan to build a 25-30 hospital network across 10 Indian cities, PB Fintech chairman Yashish Dahiya told...
UK names China as dominant threat to its national cybersecurity

UK names China as dominant threat to its national cybersecurity

by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, International News, Policy, Risk Management, Technology

Richard Horne, chief of Britain’s National Cyber Security Center “China remains the pacing threat in the cyber realm,” Richard Horne, the chief of Britain’s National Cyber Security Center, said in a rare speech on Wednesday. “The continued activity that we’re seeing...
Bill Gates to give away $200 billion by 2045, says Musk is ‘killing’ world’s poorest children

Bill Gates to give away $200 billion by 2045, says Musk is ‘killing’ world’s poorest children

by AIP Online Bureau | May 8, 2025 | Workplace/Employee Benefits

Bill Gates,co-founder of Microsoft Gates warned of a stark reversal to decades of progress in reducing mortality over the next four to six years due to the funding cuts by governments worldwide. “The number of deaths will start going up for the first time …...
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