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EU fines Meta $1.3 billion over data transfers to US

EU fines Meta $1.3 billion over data transfers to US

by AIP Online Bureau | May 22, 2023 | International News, Regulation, Risk Management, Technology

The social network giant’s continued data transfers to the US didn’t address “the risks to the fundamental rights and freedoms of people whose data was being transferred across the Atlantic, according to a decision by the Irish Data Protection Commission announced on...

Vaping ban violations: Centre issues public notice for stricter implementation of Act

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, Health, Indian News, Policy, Workplace/Employee Benefits

Binoy Mathew, Manager, Voluntary Health Association of India, said, “Despite a ban on electronic cigarettes by the government of India in 2019, they are easily available in tobacco shops and online and are sold to children below 18 years of age”. New...
Next wave of life expectancy gains is on the horizon, says Swiss Re report

Next wave of life expectancy gains is on the horizon, says Swiss Re report

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, Health, International News, Reinsurance

Life expectancy improvements typically come in waves following major medical breakthroughs or large-scale social trends, such as smoking cessation. In the twentieth century, pharmaceutical innovations which lowered blood pressure and cholesterol triggered a steep...
Panama Canal imposes shipping restrictions to cope with worsening drought

Panama Canal imposes shipping restrictions to cope with worsening drought

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The largest vessels will have to reduce their drafts — how low they sit in the water — by carrying less or cutting the weight of their cargoes as of May 24, followed by another decrease that kicks in on May 29. Some major ocean carriers have also announced new fees...

MS Amlin strengthens Natural Resources team with claims expertise

by AIP Online Bureau | May 22, 2023 | International News, Non-Life, Reinsurance

With more than a decade of industry experience, Erman brings substantial claims-handling expertise. Specialising in marine and energy, he has a reputation for handling and resolving large, complex claims LONDON: MS Amlin, the Lloyd’s global (re)insurer, today...
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