by AIP Online Bureau | Jul 25, 2025 | International News, Non-Life, Reinsurance
AXA sued at London’s High Court in 2021 over losses related to over 650,000 individual customer complaints about PPI policies, one of Britain’s costliest retail financial scandals, with banks paying out around 40 billion pounds in compensation. LONDON:...
by AIP Online Bureau | Jun 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
While owners are compensated when their cars are taken, vehicle theft isn’t a victimless crime. The more cars are stolen, the more insurance premiums go up. In the first three months of the year, British car owners were quoted an average of almost £800 a year for...
by AIP Online Bureau | Jun 21, 2025 | Eco/Invest/Demography, Health, International News, Policy, Risk Management
The “Terminally Ill Adults (End of Life)” law would give mentally competent, terminally ill adults in England and Wales with six months or less left to live the right to choose to end their lives with medical help LONDON: Britain’s parliament voted...
by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, International News
The ruling relates to 147 planes and 16 engines that had insurance claims worth $4.5 billion attached. While it’s a victory for the lessors, the judge clarified what kind of insurance policies covered the losses, meaning not everything would be covered. Insurance...
by AIP Online Bureau | Jun 10, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology
High Court justice Victoria Sharp said the misuse of AI has “serious implications for the administration of justice and public confidence in the justice system.” Lawyers have cited fake cases generated by artificial intelligence in court proceedings in England, a...
