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Australia calls for global action to fight online misinformation

by AIP Online Bureau | Nov 21, 2021 | Workplace/Employee Benefits

Foreign Minister Marise Payne said blocs like the Quad group – the United States, India, Japan and Australia – and global bodies like the United Nations were already working to strike a balance between harmful content and free expression online. SYDNEY:...

Willis Appoints Former Lloyd’s CEO Beale and 3 others as new directors

by AIP Online Bureau | Nov 21, 2021 | Intermediaries, International News, Non-Life, Reinsurance

The announcement comes months after a pushback from U.S. regulators forced Willis and Aon to call off their $30 billion merger that would have created the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc . London: Willis...

Australia Sues life insurer for causing financial harm to customers

by AIP Online Bureau | Nov 21, 2021 | International News, Life, Policy, Regulation

The Australian Securities and Investments Commission (ASIC) has accused MLC, a part of Nippon Life Insurance, Japan’s biggest insurer, of service failures resulting from poor systems and controls over a period from 1999 to 2020, which caused financial harm to over...

Allianz Becomes China’s First Wholly Foreign-Owned Life Insurer

by AIP Online Bureau | Nov 21, 2021 | International News, Life, Policy

Many foreign financial institutions are looking to expand their onshore presence in China, taking advantage of a relaxation of ownership restrictions for foreign players in the asset management, insurance and securities broking sectors. Allianz said on Wednesday that...

South Africa officials Sued Over Plans to Construct New Coal-Fired Power Plants

by AIP Online Bureau | Nov 21, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

South Africa relies on coal for more than 80% of its power and is the world’s 12th-biggest source of greenhouse gases. South Africa’s energy regulator and energy minister have been sued by environmental activists over national plans to allow the construction of new...
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