by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
`We have a small exposure for LA wildfires. It’s not major. Currently, we have provided about $25 million in our provisions. I tend to believe that this will come down, because these are very initial figures. We’ve still not received too many intimations...
by AIP Online Bureau | Feb 12, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Policy
Taiwan is phasing out coal-fired power stations and shifting to liquefied natural gas, as well as investing in solar and wind projects Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy transition as...
by AIP Online Bureau | Feb 12, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation, Risk Management
Plans to cut reporting requirements — especially for small and medium-sized companies — have been well-flagged, but officials are now also looking at ways to ease rules that require firms to clean up their value chains under the Corporate Sustainability Due Diligence...
by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance
Companies should establish a concentration risk information disclosure mechanism and disclose annual concentration risk management information on their websites before June 15 each year, the regulator said China’s National Financial Regulatory Administration on...
by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology
The mandate orders Apple to provide access under the UK’s Investigatory Powers Act, a law that granted officials the authority to compel companies to remove encryption under what’s known as a “technical capability notice.” The law also makes it illegal for companies...
by AIP Online Bureau | Feb 12, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Risk Management
In 2024, global temperatures reached 1.5C for the entire year, the first time it’s happened in recorded history. It was a stark departure from previous projections: The Intergovernmental Panel on Climate Change report published just a year earlier suggested that...
by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
The court’s observation came while it was hearing a petition seeking a direction to the Centre to block access to DeepSeek, an AI chatbot developed by Chinese entities, in all forms in India New Delhi: The Delhi High Court observed on Wednesday that artificial...
by AIP Online Bureau | Feb 12, 2025 | Indian News, Policy, Workplace/Employee Benefits
“This case highlights clear instances of discrimination in the Central Reserve Police Force for the incumbents who are suffering from the disease known as HIV-AIDS,” the HC said in its order Ahmedabad: The Central Reserve Police Force (CRPF) denying a...
by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
“Imports need ships which are not sanctioned, insurance which takes time to reconfigure, and imports will need payments to go through. So each one of these has problems that need to be solved. People are working on solving these problems,” Oil Secretary Pankaj Jain...
by AIP Online Bureau | Feb 12, 2025 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
India experienced more than 400 extreme weather events in the three decades, causing losses of nearly “USD 180 billion and at least 80,000 fatalities”, the report said. New Delhi: India ranked as the sixth-most severely-affected country by extreme weather...
