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Iran in talks with Oman on permanent Hormuz toll framework

Iran in talks with Oman on permanent Hormuz toll framework

by AIP Online Bureau | May 21, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Now, Iran has expanded its claimed area of jurisdiction and set out new rules for vessels seeking to transit the waterway, which is roughly 24 miles (39 kilometers) wide at the narrowest point. That involves seafarers dealing with a new body called the Persian Gulf...
Bank CEOs’ AI push faces rising regulatory scrutiny

Bank CEOs’ AI push faces rising regulatory scrutiny

by AIP Online Bureau | May 21, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The European Banking Authority, which also sets rules for US and Asian banks operating in Europe, wants to ensure that national supervisors across the bloc have playbooks “to mitigate risks” that AI poses to the finance sector, Merkeviciute said. The more complex the...
Crypto crime escalates beyond hacks to kidnappings and coercion

Crypto crime escalates beyond hacks to kidnappings and coercion

by AIP Online Bureau | May 21, 2026 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy

Physical attacks on cryptocurrency holders rose 75% in 2025, reaching 72 confirmed incidents and $41 million in known losses, according to data compiled by the blockchain security firm CertiK. The figure is widely considered understated, with kidnappings and ransom...
ICICI Lombard General launches roadside assistance promises

ICICI Lombard General launches roadside assistance promises

by AIP Online Bureau | May 21, 2026 | Briefs, Non-Life

ICICI Lombard General Insurance today launched Service Assure, a new commitment under its IL Smart Assist (Road Side Assistance) offering. A one-of-the-industry’s-first roadside assistance promises, Service Assure commits to reaching private car customers within 30...
LIC’s net profit rises 23% to Rs23,420 crore in Q4FY26, declares a dividend of Rs 10 per share

LIC’s net profit rises 23% to Rs23,420 crore in Q4FY26, declares a dividend of Rs 10 per share

by AIP Online Bureau | May 21, 2026 | Indian News, Life

R Doraiswamy, CEO & M D, LIC, said,“FY 2025-26 has been a satisfying year for us, with strong overall growth across every business vertical leading to record performance metrics. We have achieved a Non Par share on APE basis in our individual business of more than...
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