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US insurers may take a hit of about $2.7 billion from damage caused by Hurricane Beryl

by AIP Online Bureau | Jul 11, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC)...

Cyberattack plunges US auto retail industry into disarry

by AIP Online Bureau | Jun 24, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management

The outage impacting CDK’s dealer management system, used to complete deals, track store profitability and monitor employee compensation, has “plunged the auto retail industry into disarray”, JPMorgan analysts said last week U.S. auto dealers...

Biden bans US sales of Kaspersky software over Russia ties

by AIP Online Bureau | Jun 21, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

Moscow’s influence over the company was found to pose a significant risk, Commerce Secretary Gina Raimondo said on a briefing call with reporters on Thursday.The software’s privileged access to a computer’s systems could allow it to steal sensitive...
US Surgeon General calls for social media warning labels to protect adolescents

US Surgeon General calls for social media warning labels to protect adolescents

by AIP Online Bureau | Jun 18, 2024 | Eco/Invest/Demography, Facts, Policy, Regulation, Risk Management, Technology

Vivek Murthy, Surgeon General,US US Surgeon General Murthy wrote in the New York Times on Monday that a warning label alone will not make social media safe for young people but that it can increase awareness and change behavior as shown in evidence from tobacco...
US court levies $194 mn penal charges on TCS for misappropriation of trade secrets

US court levies $194 mn penal charges on TCS for misappropriation of trade secrets

by AIP Online Bureau | Jun 14, 2024 | Indian News, Risk Management

The order has been passed against the company in a case filed by Computer Sciences Corporation (CSC) — now merged with DXC Technology Company (DXC) — alleging misappropriation of its trade secrets before United States District Court, Northern District of Texas, Dallas...
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