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South Korea fines Tesla $2.2 mln for exaggerating driving range of EVs

South Korea fines Tesla $2.2 mln for exaggerating driving range of EVs

by AIP Online Bureau | Jan 4, 2023 | International News, Non-Life, Regulation

The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers” on its official local...

Japanese families offered huge cash to move out of Tokyo

by AIP Online Bureau | Jan 4, 2023 | Eco/Invest/Demography, Facts, Pension & Social Security

According to the Statistics Bureau of Japan, in 2021, 28.9% of Japan’s total population was at least 65 years old, marking a record high for the country. There were 14.78 million 0-14-year-olds in the same year, accounting for 11.8% of the total population, the lowest...

Autopsies show covid virus lingers in brain for months: Study

by AIP Online Bureau | Jan 4, 2023 | Facts, Health

“We demonstrated virus replication in multiple non-respiratory sites during the first two weeks following symptom onset,” the authors of the study noted.Prior to this study, “the thinking in the field was that SARS-CoV-2 was predominantly a...

Toyota Motor’s Indian unit warns of a possible customer data breach

by AIP Online Bureau | Jan 4, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

“Toyota Kirloskar Motor (TKM) has been notified by one of its service providers of an incident that might have exposed personal information of some of TKM’s customers on the internet”, TKM said in an emailed statement without disclosing the size of...
Jan1Renewals: Reinsurers hike rates on key business lines by as much as 200%, exclude Russia and Ukraine

Jan1Renewals: Reinsurers hike rates on key business lines by as much as 200%, exclude Russia and Ukraine

by AIP Online Bureau | Jan 4, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Aviation reinsurance rates, heavily impacted by hundreds of stranded aircraft in Russia, rose by as much as 200%, Gallagher Re said. “The sector is experiencing its most acute, cyclical price increases since the 2001-2006 period, if not before,” said David Flandro,...
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