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Full functional autonomy for PSU general insurers not privatisation: Unions

by AIP Online Bureau | Aug 2, 2021 | Indian News, Life, Non-Life, Policy

  Chennai: Demanding functional autonomy and opposing privatisation, the major unions in the government-owned general insurers are not buying Finance Minister Nirmala Sitharaman's views about the reasons for the government amending the General Insurance...

India reports 40,134 new COVID cases and 422 deaths

by AIP Online Bureau | Aug 2, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

  New Delhi: India reported 40,134 new cases of COVID-19 and 422 deaths in the last 24 hours, as per the Union Health Ministry. The total number of cases currently stands at 3,16,95,958. The death toll has climbed to 4,24,773. The number of active cases of...

Ransomware attacks hit record 300 mn in 1st half of 2021: Report

by AIP Online Bureau | Aug 2, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

SAN FRANCISCO: Ransomware attacks globally surged in the first half of 2021, with 304.7 million, surpassing 2020's full-year total (304.6 million), says a new report. After posting record highs in both April and May, cybersecurity firm SonicWall recorded another...

Zoom to settle US privacy lawsuit for $85 mn

by AIP Online Bureau | Aug 2, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

San Francisco: Zoom, the videoconferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said Sunday. The suit charged that Zoom's sharing of users' personal data with Facebook, Google and LinkedIn was a breach of privacy for...

Talent war’ pushing white-collar pay higher, British recruiter says

by AIP Online Bureau | Aug 2, 2021 | Eco/Invest/Demography, International News, Pandemic

  London:  The COVID-19 pandemic has worsened a shortage of white-collar workers in many countries, forcing companies to pay higher salaries to woo talent, a top London-based recruiter said on Tuesday. Robert Walters – which specialises in the likes of...
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