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Domestic PV wholesales up 3 pc at 3,37,757 units in June: SIAM

by AIP Online Bureau | Jul 12, 2024 | Data, Eco/Invest/Demography, Non-Life

As per the data issued by Society of Indian Automobile Manufacturers (SIAM), two-wheeler wholesales rose 21 per cent to 16,14,154 units last month, as compared with 13,30,826 units in June 2023. New Delhi: Passenger vehicle wholesales in India rose 3 per cent...

Rush to prevent oil spill from grounded ship off South African coast

by AIP Online Bureau | Jul 12, 2024 | International News, Non-Life, Reinsurance, Risk Management

The Panama-flagged “Ultra Galaxy” ran aground close to Doring Bay, some 300 km north of Cape Town, late on Tuesday after it started listing badly. The ship was abandoned by its 18-strong Filipino crew while still at sea and concerns have since risen over...

CMA CGM says its ship lost 44 containers in tough weather

by AIP Online Bureau | Jul 12, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management

“No injury to the crew has been reported, no pollution, no strong damage to the vessel which remains fully seaworthy,” the company said, adding that 33 additional containers had been damaged French shipping and logistics company CMA CGM said on Thursday that its ship...

Global reserve managers upbeat on growth but worry about politics

by AIP Online Bureau | Jul 12, 2024 | Eco/Invest/Demography, International News, Risk Management

But 87% of the reserve managers surveyed flagged further escalation in geopolitical conflicts as the biggest threat to this benign outcome, and 41% said they are diversifying their investments more across regions and currencies fearing an escalation of tensions...

US insurers may take a hit of about $2.7 billion from damage caused by Hurricane Beryl

by AIP Online Bureau | Jul 11, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC)...

Generic-Viagra safety called into doubt after FDA finds false data by an Indian company

by AIP Online Bureau | Jul 11, 2024 | Health, International News, Risk Management

Data from the researcher, Synapse Labs Pvt. Ltd., may have been used in hundreds of drugs, which remain available for sale on pharmacy shelves and in Americans’ medicine cabinets Generic versions of erectile dysfunction drugs Viagra and Cialis, among other...
SC terms rising suicide cases as social issue, seeks Centre’s response on PIL

SC terms rising suicide cases as social issue, seeks Centre’s response on PIL

by AIP Online Bureau | Jul 11, 2024 | Eco/Invest/Demography, Health, Indian News

A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra took note of the submissions of lawyer and petitioner Gaurav Kumar Bansal that effective steps are needed to deal with the rising number of suicide cases and asked the Centre to...

EU markets watchdog signals a hard line on new ESG disclosures

by AIP Online Bureau | Jul 10, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation

The European Securities and Markets Authority acknowledged that complying with the new European Sustainability Reporting Standards creates “challenges” for companies, and the first reports, due next year for the largest firms, will constitute a “milestone in the...

Flooding In Northern Bangladesh displaces 40,000 people

by AIP Online Bureau | Jul 10, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

“Heavy rains in the Indian upstream region mean that the suffering is far from over. We have taken measures to cope with the situation,” said Rezwanul Rahman, the head of Bangladesh’s disaster management department. Flooding in Bangladesh has swept away homes and shut...

HDFC ERGO starts processing its health claims through National Health Claims Exchange (NHCX) platform

by AIP Online Bureau | Jul 10, 2024 | Health, Indian News, Non-Life, Technology

Developed by the National Health Authority (NHA), the NHCX platform is a single window interface which provides secure and efficient exchange of health insurance claims data. The platform is poised to revolutionise India’s health insurance landscape by setting a...
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