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UK police arrest man over hack that affected European airports

by AIP Online Bureau | Sep 24, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

Ransomware gangs routinely publicise attacks and leak stolen data on dark web “leak sites” but websites that monitor those portals had not, as of Wednesday, detected any group claiming the hack. LONDON: British police said on Wednesday a man had been...
AXA wins $908 million UK court ruling against Santander over protection insurance

AXA wins $908 million UK court ruling against Santander over protection insurance

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:...

UK’s car theft reaches near a 15-year high, cost insurers $867 million

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...

UK parliament votes for assisted dying, paving way for historic law change

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...
Insurers have to compensate for Russian seized aircrafts, rules UK Judge

Insurers have to compensate for Russian seized aircrafts, rules UK Judge

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...
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