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UK fines Cathay Pacific $639,000 for data-security lapses over 4-yr period

by AIP Online Bureau | Mar 6, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology

  Cathay Pacific Airways Ltd. was fined 500,000 pounds ($639,000) by the UK’s privacy watchdog for failing to protect customers’ data due to security lapses lasting nearly four years.   The penalty is the highest the UK authority could levy under...

Lawsuits against businesses over Coronavirus have begun. More to come?

by AIP Online Bureau | Mar 6, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

  The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits.   Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they didn’t take adequate steps...

UK’s Aviva to Sell Entire Stake in Indonesia Joint Venture

by AIP Online Bureau | Mar 6, 2020 | International News, Life

  British insurer Aviva said on Friday it would pull out completely from Indonesia by selling its entire stake in joint venture PT Astra Aviva Life to its partner in the operation.   “The transaction is expected to complete in Q4 2020 and is subject to...

Coronavirus wreaks financial havoc as infections near 100,000

by AIP Online Bureau | Mar 6, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  LONDON/LOS ANGELES: Business districts around the world began to empty and stock markets tumbled on Friday as the number of coronavirus infections neared 100,000 and the economic damage wrought by the outbreak intensified.An increasing number of people faced a...

Top UK firms face tougher climate disclosure rule

by AIP Online Bureau | Mar 6, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

LONDON: Britain’s top listed companies must disclose how climate change affects their business, using globally agreed guidance, or explain to investors why they have not, the Financial Conduct Authority (FCA) proposed on Friday.   Investors increasingly...
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