by AIP Online Bureau | Mar 17, 2019 | International News, Risk Management
WASHINGTON: A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to the 2009 collapse of...
by AIP Online Bureau | Mar 16, 2019 | International News, Non-Life
OLDWICK: The U.S. property/casualty (P/C) industry’s net income improved significantly to $61.4 billion in 2018, a $25.2 billion increase from the prior year, aided by a reduction in catastrophe losses and an increase in net investment income. These preliminary...
by AIP Online Bureau | Mar 16, 2019 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News
New York Mayor Bill de Blasio proposed a $10 billion plan to push out the lower Manhattan coastline as much as 500 feet, or two city blocks, to protect from flooding that’s expected to become more frequent as global temperatures rise. The project...
by AIP Online Bureau | Mar 16, 2019 | International News, Non-Life, Risk Management
The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, alleging a “massive fraud” on U.S. investors. VW was...
by AIP Online Bureau | Mar 16, 2019 | International News, Risk Management, Technology
Seven in 10 Americans don’t want to go anywhere near self-driving cars. The portion of Americans who fear autonomous vehicles—71 percent in the American Automobile Association’s(AAA) latest survey—is virtually unchanged from...
