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Marine insurers continue to support trade in the Red Sea & Black Sea

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...

JN.1 Covid variant has increased transmissibility, immune escape: Study

by AIP Online Bureau | Feb 12, 2024 | Data, Eco/Invest/Demography, Health

The researchers found that the reproductive number of JN.1 was found to surpass that of its counterparts in the three countries studied, suggesting a potential global dominance in the near future The JN.1 variant of the SARS-CoV-2 virus not only spreads easily but...
DGCA takes necessary steps to prevent runway incursions following Haneda airport incident

DGCA takes necessary steps to prevent runway incursions following Haneda airport incident

by AIP Online Bureau | Feb 12, 2024 | Indian News, Regulation, Risk Management

Apart from establishing a runway safety team at all aerodromes and ensuring their effective functioning, the regulator has emphasised on comprehensive training for pilots, air traffic controllers, aircraft maintenance engineers, and drivers operating inside an airport...
RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI

RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI

by AIP Online Bureau | Feb 12, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Technology

”With the adoption of AI and GenAI, laws are to be redefined. Industry needs to note that Digital Personal Data Protection (DPDP) Act rules are going to come soon, and banks may be in violation of some of it so it’s important to start preparing for...
Parliament passes Water Act, decriminalises minor water pollution related crimes

Parliament passes Water Act, decriminalises minor water pollution related crimes

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, Indian News

According to the statement of objects and reasons of the bill, the amendment proposes to rationalise criminal provisions and ensure that citizens, businesses and companies operate without fear of imprisonment for minor, technical or procedural defaults. Also, the...
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