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Hacked US companies to face new reporting requirements

by AIP Online Bureau | Mar 15, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Technology

The rules are part of a broader effort by the Biden administration and Congress to shore up the nation’s cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks. The reporting will give the federal government...

SoftBank execs to quit Paytm, Policybazaar boards as part of global plan

by AIP Online Bureau | Mar 15, 2022 | Indian News, Intermediaries, Technology

The decision is part of SoftBank’s global strategy to exit from the boards of most of its listed portfolio companies, said the source SoftBank will, however, retain its shareholding in the two Indian companies New Delhi; Representatives of SoftBank Group Corp...

ICEYE and Fermat Capital Management enter strategic alliance

by AIP Online Bureau | Mar 15, 2022 | International News, Non-Life, Reinsurance, Technology

Understanding the impact of flooding in near-real time is essential to the ongoing evolution of this sector and for developing solutions that will help communities better manage and respond to floods and other climate shocks,” said Read. Andy Read, Global Head of...

Russian airlines will keep planes leased from foreign firms

by AIP Online Bureau | Mar 15, 2022 | International News, Non-Life, Reinsurance

A new law will let Russian airlines keep their fleets and operate foreign planes on routes within Russia. Last week, Russia’s air-transport agency advised airlines with foreign-registered planes not to take them out of the country because of the risk they could be...

China’s lockdowns due to Covid surge could threaten half of economy

by AIP Online Bureau | Mar 15, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

Shenzhen is the second-most important port in China after Shanghai, and processes about 10% of the containers shipped from China in any month. A part of the port was shut for weeks in mid-2021 to contain a local outbreak of Covid, but even then the port was able to...

India plans Rs 24,000 cr sovereign green bond as economy goes low carbon

by AIP Online Bureau | Mar 15, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life

India’s maiden foray into the green bond space comes as it plans to fund renewable energy projects that will help meet its goal of net-zero emissions by 2070. The government is expecting lower yields on green bonds, as otherwise it sees little purpose in issuing...

Govt plans rejuvenation 13 rivers by forestry interventions, increase forest cover by 7,417.36 sq km

by AIP Online Bureau | Mar 15, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

The proposed ”forestry interventions” will help to sequester 50.21 million tons carbon dioxide equivalent in 10-year-old plantations and 74.76 million tons of CO2 equivalent in 20-year-old plantations, senior officials said The proposed interventions in...
Air India has 2,657 pending cases in Indian and international courts: Govt

Air India has 2,657 pending cases in Indian and international courts: Govt

by AIP Online Bureau | Mar 15, 2022 | Indian News

These cases related to issues such as employee service matters, consumer complaints, commercial matters, Minister of State for Civil Aviation V K Singh said New Delhi: Air India has 2,657 cases pending against it in Indian and international courts on matters related...
‘Never Visualized’, SC hints at CAG probe in fake Covid death claims

‘Never Visualized’, SC hints at CAG probe in fake Covid death claims

by AIP Online Bureau | Mar 15, 2022 | Health, Indian News, Non-Life, Policy

A bench comprising Justices M.R. Shah and B.V. Nagarathna said: “We never visualized that this kind of fake claims could come. It’s a pious world. We never thought this scheme could be misused” Expressing concern on fake medical certificates, the bench said: “What is...
Govt to infuse Rs 5000 crore capital into 3 PSU general insurers this fiscal, higher wages for employees soon

Govt to infuse Rs 5000 crore capital into 3 PSU general insurers this fiscal, higher wages for employees soon

by AIP Online Bureau | Mar 14, 2022 | Indian News, Non-Life, Policy

Due to the deficit capital situation faced by three three general insurers- Oriental Insurance Company, United India Insurance and National Insurance Company, the government has not been able to approve the due wage revision of employees of PSU general insurance...
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