by AIP Online Bureau | Dec 17, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Rai, which at one point intensified into a category 5 storm, the highest classification, toppled power and communication lines, complicating disaster response and efforts to collect information from typhoon-hit areas “It is not expected to cause massive damage...
by AIP Online Bureau | Dec 17, 2021 | Indian News, Non-Life
The company did not give additional details about the fire, but according to local media reports there was an explosion at the site at around 10:00 a.m. local time that could be heard several kilometers away Shares of the company tumbled 8.4% earlier in the day on the...
by AIP Online Bureau | Dec 17, 2021 | Indian News, Life
“It has also come to our notice that certain unscrupulous service providers and agents have created websites and Apps whereby they are attempting to provide various services such as ‘Insurance and Insurance Advisory Services’ to customers using our...
by AIP Online Bureau | Dec 17, 2021 | Banking & Bancassurance, Indian News, Policy
About one lakh bank branches remain closed and some others headed by senior officials were kept open as they did not participate in the strike Venkatachalam said the strike is against the Centre’s move to privatise public sector banks (PSB) and to introduce the...
by AIP Online Bureau | Dec 17, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
The Joint Committee on Personal Data Protection Bill, 2019, headed by BJP MP PP Chaudhary, tabled its report in Parliament on Thursday. The committee has recommended widening the scope of the proposed data protection legislation to include both personal and...
by AIP Online Bureau | Dec 17, 2021 | International News, Life, Non-Life, Policy, Regulation
Industry body Insurance Europe said the results confirm the sector’s ability to meet promises to customers under extreme 1 in 1,000 year events The next test for insurers, which could include climate-related elements, won’t be until 2023 The test covered...
by AIP Online Bureau | Dec 16, 2021 | International News, Regulation, Risk Management, Technology, Workplace/Employee Benefits
The CNIL stressed that Clearview’s collection of publicly-available facial images on social media and the Internet had no legal basis and breached European Union rules on data privacy. France’s data privacy watchdog CNIL has ordered Clearview AI,...
by AIP Online Bureau | Dec 16, 2021 | Articles, Eco/Invest/Demography, Health, Policy
In the US alone, USD 20 billion was spent in 2016 to convince doctors to prescribe brand-name drugs. The problem needs tackling at two ends: better regulation of promotion and making doctors less susceptible to it. Turning over-regulation to the drug companies, as is...
by AIP Online Bureau | Dec 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Pandemic
So far there is scant information on COVID vaccine litigation, but claims made to out-of-court compensation programmes are one measure of the risk. A programme in the United States has so far not paid out anything, public data show; neither has one set up by the WHO...
by AIP Online Bureau | Dec 16, 2021 | Eco/Invest/Demography, Health, International News, Pandemic
The funds will be delivered to the world’s 74 poorest countries under the 20th replenishment (IDA20) program, which focuses on helping countries recover from the impacts of the COVID-19 crisis. In these countries, the ongoing pandemic is worsening poverty, undermining...
