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Porsche could build flying taxis, says sales chief

by AIP Online Bureau | Mar 3, 2018 | Facts, Technology

FRANKFURT:   Volkswagen’s sports car maker Porsche could develop a flying passenger vehicle to compete with rivals in a possible market for urban air taxis and ride-sharing services, Porsche sales chief Detlev von Platen told a German magazine.  ...

Equifax says insurance covers $75 mn in breach costs, total losses to exceed $600 mn

by AIP Online Bureau | Mar 3, 2018 | International News

NEW YORK/TORONTO: Equifax Inc said it expects costs related to its massive 2017 data breach to surge by $275 million this year- offset by $75 million in insurance proceeds- suggesting the incident at the credit reporting bureau could turn out to be the most costly...

Antarctic Sea Ice Shrinks For Second-Straight Year

by AIP Online Bureau | Mar 2, 2018 | Climate, Environment, Renewable Energy, Data

SYDNEY:: Sea ice cover in Antarctica has dropped to its second-lowest on record, Australian authorities said Friday, adding that it was not yet clear what was driving the reduction after several years of record-highs.   The report came as scientists said earlier...

Videocon exits general insurance biz, sells stakes to DP Jindal and Axis’s Enam Sec

by AIP Online Bureau | Mar 2, 2018 | Indian News

Mumbai: Debt-laden consumer electronics group Videocon Industries Ltd has announced to sell its entire 51.32% stake in its insurance unit, Liberty Videocon General Insurance, to Diamond Dealtrade Ltd, part of steel pipe maker DP Jindal Group and financial services...

RMS appoints Karen White as CEO

by AIP Online Bureau | Mar 2, 2018 | International News, Risk Management

Mumbai:  RMS, the world’s leading catastrophe risk modelling and analytics company, today announces the appointment of Karen White as its new Chief Executive Officer, replacing current CEO and co-founder Hemant Shah.     Karen White is an...
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