North America is identified as the region likely to be most...
Category:
Risk Management
Latest
SKorea’s new lithium battery rules on planes highlight growing risk for aviation
Korean authorities said the measures were in response to public...
P/C insurers to weather volatile natural Catastrophe Risks
The industry has ample capability to absorb individual large loss...
Long Covid may qualify as disability under federal law: Biden
“We’re bringing agencies together to make sure Americans with long Covid who have a disability have access to the rights and resources that are due under the disability law, which includes accommodations and services in the workplace and school, and our health care system so they can live their lives in dignity,” Biden said.
COAI warns mobile users against fraud messages, calls relating to KYC
COAI cautioned that mischievous elements are sending fake messages and calling people, threatening to block SIM cards. If the false directives are followed, it can potentially lead to privacy breach or financial or data loss, Cellular Operators’ Association of India (COAI) said.
“The messages and calls falsely claim that the customer’s KYC documents are incomplete, pending or expired. Receivers of such messages are falsely advised to call a particular number or download an app on their phones,” S P Kochhar, Director General of COAI said in a statement.
Irish approves laws to make bankers and insurers more accountable
The new regime will apply to senior individuals in banks, insurance firms – excluding reinsurance companies – investment firms which are authorised to hold client monies or assets and third country branches of those categories.
The new laws will allow for additional fines and regulatory findings against individuals.
Expand number of types of cybercrimes from 9 to 23, Russia proposes to UN
The draft convention, presented by Gorodov in Vienna, “introduces new elements of crimes committed using information and communication”.
“The draft reflects 23 corpus delicti, including unauthorized access to personal data, illegal distribution of counterfeit medicines and medical devices, terrorism, extremism, rehabilitation of Nazism, illegal trafficking of drugs, weapons, involvement of minors in illegal activities and much more — all the most relevant in the world of cybercrime,” Deputy Prosecutor General Petr Gorodov said.
Cairn arbitration: Govt confirms French court order against Indian assets
The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain’s Cairn Energy, which is seeking to recover USD 1.72 billion from New Delhi after winning an arbitration against retro tax.
Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy.
South Africa port operator declares Force Majueure over over cyber attack
The measure covers the Durban, Ngqura, Port Elizabeth and Cape Town harbors because of the effects of the July 22 attack, according to a notice Transnet sent to customers and seen by Bloomberg News.
The issues “continue to persist,” it said. Force majeure is an unanticipated or uncontrollable event that releases a company from fulfilling contractual obligations.”The disruption threatens to have a ripple effect on Africa’s most-industrialized economy, particularly as Transnet’s Durban port handles 60% of the nation’s shipments. The ports are also key to shippers from landlocked African countries including the Democratic Republic of Congo, Zambia and Zimbabwe.
No pathway to reach the Paris Agreement’s 1.5˚C goal without the G20: UN chief
The UN chief reminded that science indicates that to meet that ‘ambitious, yet achievable goal’, the world must achieve carbon neutrality before 2050 and cut dangerous greenhouse gas emissions by 45 % by 2030 from 2010 levels. “But we are way off track”, he warned.
Harmonize guidance on radioactivity in food and drinking water reach milestone
The establishment of the new framework will also help in case there is radiological contamination of food and drinking water due to an accident.
“In the event of a nuclear or radiological accident anywhere in the world, the technical expertise to measure radionuclides in food will be essential for public reassurance and, in certain situations, the basis for imposing restrictions,” Colgan said.
Law without order: investors grapple with China’s regulatory risk
The Chinese Communist Party’s uneasy relationship with private business has always weighed on the minds of Western investors who seek legal and regulatory certainty to place their bets.
Yet Beijing’s recent moves are unsettling even seasoned investors who are otherwise used to navigating corporate China’s murky auditing and poor governance in order to chase growth in the world’s second-largest economy.
Checking Delta-Unvaccinated most at risk
“The biggest risk to the world at the moment is simply Delta,” said microbiologist Sharon Peacock, who runs Britain’s efforts to sequence the genomes of coronavirus variants, calling it the “fittest and fastest variant yet.”
Viruses constantly evolve through mutation, with new variants arising. Sometimes these are more dangerous than the original.