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Japan earthquake deaths top 100, insurance losses manageable

Japan earthquake deaths top 100, insurance losses manageable

by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management

Catastrophe modeling firm Karen Clark & Co. said, total insured losses from the quake will reach $6.4 billion, with residential losses accounting for over two-thirds of the total Chanyoung Lee, director, analytics, AM Best, said “While the earthquake losses...

New York could be first state to offer prenatal paid leave to mothers

by AIP Online Bureau | Jan 6, 2024 | Facts, Health, Policy, Regulation, Workplace/Employee Benefits

The proposal was part of a six-point plan to improve maternal and neonatal health at a time when U.S. maternal mortality rates are growing with each generation and the country has fallen way behind other developed nations New York: New York Governor Kathy Hochul on...
India orders new drug-making standards after overseas deaths

India orders new drug-making standards after overseas deaths

by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, Health, Indian News, Regulation, Risk Management

“The manufacturer must assume responsibility for the quality of the pharmaceutical products to ensure that they are fit for their intended use, comply with the requirements of the licence and do not place patients at risk due to inadequate safety, quality or...
Govt to bring more products under mandatory quality norm: Goyal

Govt to bring more products under mandatory quality norm: Goyal

by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

”In future, more products will be brought under the Quality Control Order(QCO). I believe we will be covering 2,000-2,500 products. Our commitment to the quality will be so strong that every product/service available in India will be of higher quality”...

Red Sea crisis may push shipping cost by up to 60 pc, insurance premiums by 20 pc: GTRI

by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

The Houthi conflict’s disruption of the Red Sea shipping lanes significantly impacts Indian trade, especially with the Middle East, Africa, and Europe, the Global Trade Research Initiative (GTRI) said New Delhi: The increasing Red Sea crisis may impact trade as...
Alaska Airlines flight makes emergency landing after midair blowout of window

Alaska Airlines flight makes emergency landing after midair blowout of window

by AIP Online Bureau | Jan 6, 2024 | International News, Non-Life, Risk Management

Hours after the terrifying incident, Alaska Airlines announced that it would ground its entire fleet of 65 Max 9s for inspections and maintenance. CEO Ben Minicucci said Alaska expects the inspections to be completed “in the next few days.” India’s aviation watchdog...

774 fresh Covid cases in India,active cases stands at 4,187

by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life

Two deaths — one each from Tamil Nadu and Gujarat — were reported in a span of 24 hours, according to the ministry’s data updated at 8 am. New Delhi: India has recorded a single-day rise of 774 COVID-19 cases while the number of active cases stands...

World Bank raises GBP 1.5 billion in 5-year sustainable development bond

by AIP Online Bureau | Jan 6, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

According to the World Bank, this Sustainable Development Bond aims to generate GBP 1.5 billion from investors, contributing to the financing of the World Bank’s initiatives for sustainable development solutions in its member countries London: The World Bank,...
GIFT City grants  its first approval to Azim Premji’s family office to invest its capital overseas

GIFT City grants its first approval to Azim Premji’s family office to invest its capital overseas

by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

Azim Premji, non-executive member of the board and founder chairman of Wipro Dozens of applications for family investment fund that allow families to make investments across various asset classes and instruments offshore, are still pending with GIFT City authorties,...

General insurance industry’s premium rises 15% to Rs 25k in Dec 2023

by AIP Online Bureau | Jan 5, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life

In a move that supported the growth of the industry, New India Assurance(NIA), the country’s largest general insurer, after lying low with a single digit growth for the last few quarters, has expanded its topline by 14.47 per cent to Rs 4,070 crore in the month...
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