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N.Y. health insurer Excellus reaches $5.1 mln deal with HHS over data breach

by AIP Online Bureau | Jan 16, 2021 | Eco/Invest/Demography, Health, International News, Risk Management

New York health insurer Excellus Health Plan Inc will pay $5.1 million to resolve possible violations of federal health privacy and security rules related to a cyberattack the company discovered in 2015, the U.S. Department of Health and Human Services said Friday....

Axis Capital rules out insuring Arctic Oil and Gas Projects

by AIP Online Bureau | Jan 16, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  AXIS Capital Holdings Ltd. said it won’t insure oil and gas projects in the Arctic National Wildlife Refuge, becoming the first North American underwriter to make the commitment after pressure from native Alaskans and environmentalists. The move follows...

Insurers expect to settle over £1.8bn in Covid-19 related UK claims including BI policies

by AIP Online Bureau | Jan 16, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance, Risk Management

  London: The UK insurance industry expects to pay out over £1.8bn in Covid-19 related claims across a range of products, including business interruption policies after the UK Supreme Court ruled on Friday that thousands of businesses should be insured...

India kicks off ‘world’s largest’ vaccination campaign

by AIP Online Bureau | Jan 16, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

NEW DELHI: Indian Prime Minister Narendra Modi will launch the "world's largest" vaccination campaign on Saturday as the populous nation tries to bring the Covid-19 pandemic under control starting with two locally-manufactured shots. Modi will address...

WhatsApp delays new privacy policy by three months amid severe criticism

by AIP Online Bureau | Jan 16, 2021 | Eco/Invest/Demography, Health, International News

  Houston : WhatsApp announced delaying by three months the implementation of a new privacy policy that has faced massive backlash with tens of millions of its users moving from the platform to rivals like Signal and Telegram. The policy change was...

India’s new Covid-19 cases per million population in last 7 days among lowest in the world: Health ministry

by AIP Online Bureau | Jan 15, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

NEW DELHI: India recorded 87 new Covid-19 cases per million population in the last seven days which is one of the lowest in the world when compared with countries like the US, the UK, Russia, Germany, Brazil, France and Italy, the Union Health Ministry said on Friday....

Mental health issues can hurt immunity: Depression, stress may make Covid vaccines ineffective

by AIP Online Bureau | Jan 15, 2021 | Eco/Invest/Demography, Facts

  NEW DELHI:  Depression, stress, and loneliness can weaken the body's immune system, and lower the effectiveness of certain vaccines, including the new Covid-19 preventives that are in development and the early stages of global distribution,...

Surging shipping rates pose new headwind for the global economy

by AIP Online Bureau | Jan 15, 2021 | Eco/Invest/Demography, International News, Risk Management

  Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020. Shortages of...

2020 was one of three warmest years on record: World Meteorological Organisation

by AIP Online Bureau | Jan 15, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  United Nations: The year 2020 was one of the three warmest years on record and rivalled 2016 for the top spot, indicating the pace of the "human-induced" climate change which is now as powerful as the force of nature, the UN weather agency has said....

WhatsApp scrambles as users in big Indian market fret over privacy

by AIP Online Bureau | Jan 15, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  NEW DELHI: WhatsApp is battling mistrust globally after it updated its privacy policy to let it share some user data with parent Facebook and other group firms, and the backlash risks thwarting its ambitions in its biggest market, India. A WhatsApp...
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