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White House blames Russian spy agency SVR for SolarWinds hack: statement

by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Risk Management, Technology

  The White House said in a statement on Thursday that Russia’s foreign intelligence service, known as the SVR, was responsible for the (SWI.N) SolarWinds hack, which led to the compromise of nine federal agencies and hundreds of private sector companies....

The British want to clean up outer space

by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management

  A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening a collision that the European Union’s Space Surveillance and Tracking Consortium estimated could generate more than 4 million pieces of debris. In...

ICICI Lombard’s net profit rises 23 % to Rs 346 crore in Q4 FY 21,combined ratio at 101.8 %

by AIP Online Bureau | Apr 17, 2021 | Indian News, Non-Life

  Mumbai, Apr17: ICICI Lombard General Insurance, the largest private sector general insurance company in the country, at Rs 346 crore, has recorded a 22.6 per cent year-on- year  growth in its net profit in Q4 FY2021. The net profit of the company grew...

EU set to ban surveillance, start fines under new AI rules

by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they fail to comply with new rules governing the...

U.S. P/C insurers perform well in 2020 despite Pandemic, higher Cat losses:AM Best

by AIP Online Bureau | Apr 16, 2021 | International News, Non-Life, Reinsurance

  OLDWICK, N.J: Publicly traded U.S. property/casualty (P/C) insurers performed unexpectedly well in 2020 despite extraordinary negative factors, generating operating income of $82.1 billion, according to a new AM Best special report. The analysis in the...
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