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Going to court over losses when Robot is to blame

by AIP Online Bureau | May 8, 2019 | Facts, Risk Management, Technology

  Hong  Kong: The case pits Samathur Li Kin-kan, whose father is a major investor in Shaftesbury Plc, which owns much of London’s Chinatown, Covent Garden and Carnaby Street, against Raffaele Costa, who has spent much of his career selling investment...

WHO welcomes Industry action to align with global trans fat elimination targets

by AIP Online Bureau | May 8, 2019 | Health, International News

  Geneva  World Health Organisation (WHO) welcomed the commitment by the International Food and Beverage Alliance (IFBA) to align with the WHO target to eliminate industrially produced trans fat from the global food supply by 2023.   Trans fat...

J&J agrees to pay about $1 billion to resolve hip implant lawsuits: Report

by AIP Online Bureau | May 7, 2019 | Health, International News

  Johnson & Johnson agreed to pay about $1 billion to resolve the bulk of lawsuits claiming the company sold defective metal-on-metal hip implants that ultimately had to be removed, Bloomberg reported on Tuesday, citing people with knowledge of the matter....

IRDAI asks insurers to expedite “Cyclone Fani’ claims

by AIP Online Bureau | May 7, 2019 | Disaster & Management, Indian News, Life, Non-Life

  Mumbai: Even as the insurers are now busy in compiling the claims out of the cyclone Fani,that may hit around Rs 1000 crores,  the insuranace regulator IRDAI has asked all the insurers on Tuesday to extend every possible facilitation in quick and...

More than $1.1 billion raised through ILS in Q1 , market slows further

by AIP Online Bureau | May 7, 2019 | International News, Reinsurance

  Singapore: Growth of the Insurance-linked securities (ILS) market continued to slow in the first quarter of 2019 following the reduction seen in Q4 2018. Slightly more than $1.1 billion was raised through non-life catastrophe bond issues, compared with an...
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