by AIP Online Bureau | Oct 11, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
More than 3 million homes and businesses in Florida were without power on Thursday morning, according to PowerOutage.us. At least some had already been waiting days for power to be restored after Hurricane Helene hit the area two weeks ago. Hurricane Milton plowed...
by AIP Online Bureau | Oct 11, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Milton will push global industry insured losses thus far in 2024 to over $100 billion, which is the fifth consecutive year losses have crossed this threshold. This heightened level of catastrophe losses will likely limit any potential for rate declines in property...
by AIP Online Bureau | Oct 10, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
The SIP flows continue to back the Indian growth story. Contributions crossed the Rs 24,000 crore mark for the first time “We have seen a 10 per cent drop in overall net inflows into the equity mutual fund schemes from Rs 38,239 crore to Rs 34,302 crore,”...
by AIP Online Bureau | Oct 10, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
As per the survey, “the proportion of individuals exhibiting sound financial behaviour – such as managing money effectively, making informed financial decisions, tracking expenses, and paying bills on time — also increased from 56.4 per cent to 72.8 per...
by AIP Online Bureau | Oct 10, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Overall, Icosa Investments AG now sees insured losses in the range of $20 billion to $60 billion, meaning cat-bond investors look to be facing a maximum hit of 4%. On Wednesday, before Milton landed, Icosa warned that a direct hit to Tampa threatened to cause insured...
by AIP Online Bureau | Oct 10, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
“The Claims Tribunal had also failed to consider that on account of 100 per cent disability, the marriage prospects of claimant-appellant were substantially damaged and the claimant-appellant is subjected to frustration, disappointment, discomfort and...
by AIP Online Bureau | Oct 10, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management
“Water is the canary in the coalmine of climate change. We receive distress signals in the form of increasingly extreme rainfall, floods and droughts which wreak a heavy toll on lives, ecosystems and economies,” said WMO Secretary-General Celeste Saulo, releasing the...
by AIP Online Bureau | Oct 10, 2024 | Climate, Environment, Renewable Energy, International News, Non-Life, Reinsurance
“Lloyd’s will continue to follow government policy and regulatory requirements globally, while remaining committed to support an urgent and orderly just transition and remain agile in response to external shocks,” the emailed statement said. London: The Lloyd’s of...
by AIP Online Bureau | Oct 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Insurance sources said on Thursday the war premiums had jumped around 30% this week to just over 1% of the value of the vessel from around 0.7% in early September, which would mean hundreds of thousands of dollars in extra costs A series of Russian missile strikes on...
by AIP Online Bureau | Oct 10, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Mukesh Ambani, the chairman and managing director of Reliance Industries Mukesh Ambani, the chairman and managing director of Reliance Industries, has once again claimed the top position on Forbes’ 2024 list of India’s 100 richest tycoons. His wealth increased...
