UnitedHealth has previously said that hackers potentially stole a...
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Ireland fines LinkedIn 310 mn euros over EU data breach
The Data Protection Commission (DPC) issued the Microsoft-owned...
Negligence only if doctor lacks qualification or expertise in treatment: SC
"A medical professional may be held liable for negligence only when...
Alphabet settles shareholder suit over sexual misconduct cases
The company will prohibit severance packages to employees who are subject to any pending investigation for sexual misconduct or retaliation. Sexual misconduct accusations against senior executives will be investigated by a “rapid response” team, and they will be barred from amending their stock-selling plans while under investigation.
Penalties and training will be made more consistent. And Google employees will be able to publicly discuss the facts of their cases.
A new council to oversee diversity efforts will include executives including CEO Sundar Pichai as well as independent experts such as a retired judge and outside attorneys. The council will report quarterly to the leadership development committee of Alphabet’s board.
LIC, GIC Re & New India Assurance are Domestic Systemically Important Insurers, need enhanced supervision:IRDAI
“D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF) ABD we have asked these three institutions to raise the level of corporate governance and identify all relevant risk and promote a sound risk management culture.This perception and the perceived expectation of government support may amplify risk taking, reduce market discipline, create competitive distortions, and increase the possibility of distress in future,said IRDAI
Microsoft develops ‘virtual commute’ for remote workers amid Covid-19
Pandemic-related burnout and difficulty separating work and personal life has become a surprisingly common concern among Microsoft’s corporate customers, according to Chief Marketing Officer Chris Capossela. “The thing we didn’t predict that we’ve learned is now at the top of customers’ mind is really the well-being of their employees,” he said.
Companies initially worried about employees having the right technology to work from home. “Now it’s getting to be much more about ‘hey how do I know if an employee is burned out, how do I know how they are doing — if they are working too hard?’ All of the things around the emotional well-being or the mental health of employees has risen to the top faster in a way that we didn’t really predict,” he added.
Govt notifies standards for safety evaluation of hydrogen fuel cell vehicles
This would facilitate the promotion of hydrogen fuel cell-based vehicles in the country, which are energy-efficient and environmentally friendly.said the Ministry of Road Transport and Highways (MoRTH)
Climate risk need to be baked into company financial accounts:UN climate envoy
Specifically, the investor groups, which include the United Nations-backed Principles for Responsible Investment, said companies needed to explain the key assumptions made with regard to climate risk and make sure they are compatible with the goals of the Paris climate agreement
Insurers’ hedge fund investments may face chop after dismal pandemic performance
Those regulations have partly driven recent falls in hedge fund allocations, according to Andries Hoekema, global insurance sector head at HSBC Global Asset Management, but he noted holdings were down also in Asia, which hadn’t tightened rules.
“In Asia, we have some evidence of insurers replacing hedge fund exposure with private equity,” Hoekema said.
This was “driven partly by the more attractive returns of private equity and partly by the disappointing diversification properties of some hedge fund strategies in recent years,” he added.
MENA reinsurers strive to adapt to testing conditions:AM Best
AM Best notes that in general, the region’s reinsurers have demonstrated resilience in a difficult operating environment. The strategies adopted by MENA reinsurers vary considerably. Certain reinsurers benefit from long-standing legal cessions in their domestic markets, while others focus on providing proportional capacity. Strategic shifts are ongoing, with some looking to increase nonproportional and facultative business, as well as improve regional and international diversification.
AXA XL appoints Jonathan Salter as Head of Risk Consulting
Nancy Bewlay, Global Chief Underwriting Officer at AXA XL, said: “As the COVID-19 crisis continues to challenge the way companies operate, loss prevention has never been more important. Jonathan’s extensive experience, innovative approach and proven track record position him ideally to lead AXA XL Risk Consulting, which has, since March, been offering remote services, including site analysis. Our remote, tech-enabled capabilities have been extremely well received by clients and now form a key part of our product suite.”
Businesses cheer, unions fear contentious Indian labour reforms
Under the Industrial Relations Code, one of the three new laws, companies employing up to 300 workers will not require government permission to lay off workers or close plants – an increase from the previous cap of 100 and a major demand from industry over the years.
The code also puts restrictions on the recognition of trade unions – making it mandatory for them to represent at least 10% of workers in a given sector – and prohibit them from striking without prior notice and during conciliation proceedings.
U.N. aviation agency ICAO advises Pakistan to suspend issuance of new pilot licenses
“Pakistan should improve and strengthen its licensing system to ensure that it takes into account all necessary processes and procedures and prevents inconsistencies and malpractices before new licenses are issued and privileges of suspended licenses are re-established,” said ICAO, in a previously unreported letter to the Pakistan Civil Aviation Authority (PCAA) last week.