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Nagaraju Maddirala appointed as new DFS Secy

Nagaraju Maddirala appointed as new DFS Secy

by AIP Online Bureau | Aug 16, 2024 | Banking & Bancassurance, Health, Indian News, Pension & Social Security, Policy

Nagaraju Maddirala, Secretary-Designate, Department of Financial Services A few issues concerning the insurance industry, Maddirala will look into, with priority, soon after taking over as the secretary are- pending reforms measures which need amendments of various...
Kolkata doctor’s rape-murder case: Indian medics call for nationwide shutdown on Saturday

Kolkata doctor’s rape-murder case: Indian medics call for nationwide shutdown on Saturday

by AIP Online Bureau | Aug 16, 2024 | Health, Indian News, Workplace/Employee Benefits

Late on Thursday, the Indian Medical Association, the country’s largest grouping of medics, said it would implement a nationwide shutdown of most departments, except essential services, for 24 hours from Saturday morning, the largest such strike in at least a...

28% UG, 15% PG med students diagnosed with mental health conditions: Survey

by AIP Online Bureau | Aug 16, 2024 | Health, Indian News, Risk Management

Thoughts of self-harm or suicide in the last 12 months were reported by 16.2 per cent MBBS students while the number was recorded at 31 per cent in MD/MS students, according to the report by the National Task Force on Mental Health and Well-being of Medical Students...

Pakistan & Sweden report cases of more infectious form of mpox first identified in Congo

by AIP Online Bureau | Aug 16, 2024 | Eco/Invest/Demography, Health, International News, Regulation

WHO said there have been more than 14,000 cases and 524 deaths in more than a dozen countries across Africa this year, which already exceed last year’s figures Pakistan has detected three patients with the mpox virus, the health department in Khyber Pakhtunkhwa...

Biden, Harris hail Medicare drug price cuts that will save billions

by AIP Online Bureau | Aug 15, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Policy, Regulation, Reinsurance

Biden’s signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026 LARGO,...

Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion

by AIP Online Bureau | Aug 15, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Jeff Waters, director, North Atlantic Hurricane Models at Moody’s, said, “Hurricane Debby should not be a major event for the (re)insurance market. Debby made landfall just 10 to 15 miles (16 to 24 kilometers) from last year’s Hurricane Idalia’s Florida landfall as a...

McKinsey sees AI surge boosting consulting amid industry slump

by AIP Online Bureau | Aug 15, 2024 | Eco/Invest/Demography, International News, Technology, Workplace/Employee Benefits

Among those deploying automation rapidly are the traditional and regulated industries such as banking and insurance, Rodney Zemmel, senior partner and head of the McKinsey’s digital business said McKinsey & Co. is seeing an increase in the number of clients...

Severe typhoon set to disrupt flight, train services in Japan

by AIP Online Bureau | Aug 15, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Disruptions from tropical storms this time of year have become an annual occurrence in Japan and other countries in the region. They’re also more severe, causing factories to halt production and companies telling employees to stay at home. The latest typhoon,...

Wall street firms to pay $470 million to settle with US regulators over texting

by AIP Online Bureau | Aug 15, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The penalties mark the latest wave of a sweeping multi-year enforcement initiative targeting Wall Street’s use of so-called “off channel” work communications such as text and WhatsApp messages in breach of rules which require firms to retain certain work-related...

US FDA seeks fresh curbs on sodium levels in packaged, processed foods

by AIP Online Bureau | Aug 15, 2024 | Health, International News

“Reducing sodium in the food supply has the potential to be one of the most important public health initiatives in a generation,” FDA Deputy Commissioner for Human Foods Jim Jones said in a statement Fast-food chains, including McDonald’s , Burger...
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