An increasing resistance to antibiotics -- one of the "cornerstones...
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Lloyd’s of London plans overhaul of ‘unclear’ conduct rules
Lloyd’s also said it proposed a new category of misconduct aimed at...
Top EU privacy regulator opens probe into Google’s AI
Ireland’s Data Protection Commission (DPC), the lead EU regulator...
5 risk trends company directors and officers need to watch in 2020:Allianz
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• “Bad news” events, impact of climate change, bankruptcies and political challenges have increasing risk implications for directors and officers (D&Os)
• Growth of securities class actions and third party funding globally means litigation against companies and their D&Os is on the rise. US, Canada and Australia see highest activity but these trends are developing around the world
• Profitability of D&O insurance sector impacted in recent years due to increasing competition, growth in lawsuits and rising claims frequency and severity. Further volatility anticipated
Berkshire Hathaway launched Commercial Crime Insurance in Asia
“Corporate fraud is becoming increasingly sophisticated as technology advances at an exponential pace across the globe. Companies now face new threats and are tasked with protecting both traditional and digital assets,” said Scotland Walsh-Riddle, head of Executive & Professional Lines, BHSI Asia. “Our policy is important protection for a company’s balance sheet by both insuring against losses arising from a wide range of threats and providing support to investigate the cause of a loss.”
MS Amlin unveils new operating model and sr leadership team
Under the new structure, MS Amlin Plc will therefore be removed and the corporate entities MS Amlin Underwriting Ltd. (MS AUL), MS Amlin AG (MS AAG), MS Amlin Insurance SE (MS AISE) and MS Amlin Business Services (MS ABS) will be owned directly by Mitsui Sumitomo Insurance (MSI).
Nuclear plants in country safe: Government
Minister of State in the Prime Minister’s Office Jitendra Singh said there was an identification of a malware infection on Kudankulam Nuclear Power Plant (KKNPP) administrative network which is used for day-to-day administrative activities.
NGT slaps Rs 10 cr penalty on Faridabad builder for violating environmental norms
“Pollution cannot be allowed to be profitable activity. The environment is priceless. Intentional violations have to be visited with more stringent damages than accidental or unintended,” the bench said
Thieves steal priceless items from Dresden’s treasury green vault
Robert Read, head of Art and Private Clients at specialist insurer Hiscox, commented “It’s the festive season and everybody goes shopping – art criminals are no different and at this time of year jewelry and works of art which contain a significant amount of precious metals and stones are often targeted. The awful theft in Dresden [early on Nov. 25] shows just that. The thieves now face a major logistical nightmare trying to transform their ill-gotten loot into clean money and that process will offer detectives the best way to track them down. Let’s hope that they succeed and a great museum gets back what is rightly theirs.”
Cyber attacks top the India Inc’s risk chart: Marsh & RIMS Survey
Some other risks which are identified as a part of Top 10 risks for India Inc are- data fraud or theft, fiscal crises, failure of critical infrastructure, failure of critical infrastructure, failure of climate change adaption, asset bubble, energy price shock, terrorist attacks and failure of urban planning
Vulnerability detected in WhatsApp; CERT-In issues advisory
The advisory comes in the backdrop of recent developments where WhatsApp had informed the Indian government in September that over hundred Indian users were targeted by the Israeli spyware Pegasus.
Develop ways to detect fraud, contribute to Rs 5 trn economy aim: PM to CAG
“CAG should look for innovative methods to deal with occupational fraud,” he said, adding that the auditor can paly a role in improving governance and efficiency.
Govt finalising new IT rules for social media entailing traceability of info originator
The proposed new norms include the deployment of technology-based automated tools or appropriate mechanisms for proactively identifying and removing or disabling public access to unlawful information or content, Minister of State for Electronics and IT Sanjay Dhotre said in a written reply to the Rajya Sabha on Thursday.