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Eurostar cancels trains due to flooding, stranding hundreds of travelers in Paris and London

Eurostar cancels trains due to flooding, stranding hundreds of travelers in Paris and London

by AIP Online Bureau | Dec 30, 2023 | International News, Non-Life, Reinsurance

The U.K. has been battered by strong, gusty winds and heavy rain brought by Storm Gerrit throughout the holiday period. More stormy weather and travel disruption is expected during the last weekend of the year The holiday travel plans of hundreds of people were...

Will JN.1 drive a severe Covid wave in India?

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, Health, Indian News, Policy

As per the policy on COVID-19 testing, directed by the management, testing will be done for patients with SARI (severe acute respiratory infection) like symptoms that include according to the WHO, acute respiratory infection, persistent fever or fever of >= 38 C° with...

China revises company law to tighten capital contribution rules

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

PricewaterhouseCoopers said on its social media account last month that the change appears to be aimed at better protecting creditors, although it’s also likely to “lower investors’ enthusiasm to start new businesses.” Chinese lawmakers changed the country’s Company...
Google settles $5 billion consumer privacy lawsuit

Google settles $5 billion consumer privacy lawsuit

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

The plaintiffs alleged that Google’s analytics, cookies and apps let the Alphabet unit track their activity even when they set Google’s Chrome browser to “Incognito” mode and other browsers to “private” browsing mode Alphabet’s Google has agreed to settle a lawsuit...
Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter

Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Global property catastrophe reinsurance risk-adjusted rate changes averaged from near-flat to single-digits up for non-loss impacted and 10%-30% up for loss-impacted programs, with a wide range of outcomes around these averages Guy Carpenter and AM Best’s 2023...
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