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White House wants cybersecurity standards on hospitals

White House wants cybersecurity standards on hospitals

by AIP Online Bureau | May 12, 2024 | International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management, Technology

The proposal may extend beyond hospitals too. The administration intends to issue a notice of proposed rulemaking in coming weeks to bring in minimum cybersecurity requirements for entities that receive money from Medicare and Medicaid, according to a US official, who...

China Construction Bank sued in U.S. over reinsurance fraud losses

by AIP Online Bureau | May 12, 2024 | Banking & Bancassurance, International News, Non-Life, Reinsurance

The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...
Flooding forecast to worsen in Brazil’s south, poor hit hard

Flooding forecast to worsen in Brazil’s south, poor hit hard

by AIP Online Bureau | May 12, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

Weather across South America is affected by the El Nio climate phenomenon, a naturally occurring event that periodically warms surface waters in the equatorial Pacific. In Brazil, El Nio has historically caused droughts in the north and intense rainfall in the south,...

Dell discloses data breach of some customers’ names, physical addresses

by AIP Online Bureau | May 11, 2024 | Data, Risk Management, Technology

“We believe there is not a significant risk to our customers given the type of information involved. At this time, our investigation indicates limited types of customer information was accessed, including name and physical address,” the message from Dell read. New...
IRDAI approves Hinduja group’s new plans to take over Reliance Capital, deal to close by May 27

IRDAI approves Hinduja group’s new plans to take over Reliance Capital, deal to close by May 27

by AIP Online Bureau | May 11, 2024 | Banking & Bancassurance, Health, Indian News, Non-Life, Regulation

Ashok Hinduja, chairman, IndusInd International Holdings Limited , The IRDAI’s clearance for the deal has come now and with the IRDAI’s approvals in place, it is possible to stick to the earlier dead line of May 27 for the completion of acquisition of RCL,...
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