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Teslas Don’t Have Black Boxes, Making U.S. Crash Probes Harder

by AIP Online Bureau | Apr 4, 2018 | Facts, Risk Management

When a Tesla Inc. Model X slammed into a concrete highway barrier in California last month, the vehicle’s computers contained a wealth of information about the moments leading to the fatal accident.   The problem for U.S. accident investigators is that the...

ONGC renewal cost falls 12 pc to USD 12.9 mn, GIC Re leads the reinsurance deal in 2018-19

by AIP Online Bureau | Apr 3, 2018 | Indian News, Reinsurance

Mumbai: For 2017-18, a clutch of reinsurers and insurers led by the state owned GIC Re, have renewed the insurance cover of the ONGC(Oil & Natural Gas Corporation),the largest offshore exploration and production company in India with USD 40 billion...

IRDAI investigation finds no proof of kickbacks in Marsh- Jagson deal

by AIP Online Bureau | Apr 3, 2018 | Indian News, Regulation

  Hydearabad: The insurance regulator, IRDAI has launched an investigation internally agianst Marsh India Insurance Brokers, even as it is waiting to appeal against SAT(Securities Appellate Tribunal) judgment that had severely reprimanded the...

SBI Life to venture into Bahrain soon, open to acquisition

by AIP Online Bureau | Apr 3, 2018 | Indian News

  Mumbai: SBI Life will kick start its maiden overseas operations in Bahrain sometime in April.   “We have completed setting up our Bahrain Branch and would start our operations somewhere in April. The idea is to serve overseas expatriate population....

Starbucks coffee in California must have cancer warning, judge says

by AIP Online Bureau | Apr 2, 2018 | Facts, Health, Risk Management

  LOS ANGELES: Starbucks Corp  and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines.   A little-known not-for-profit group sued...
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