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Verdict in the first US Coronavirus Business Interruption Trial to set the tone for more than 1,300 other lawsuits against insurers

by AIP Online Bureau | Dec 18, 2020 | Eco/Invest/Demography, Indian News

  The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd’s of London insurers to cover losses from the Covid-19 outbreak — the first of a growing number of U.S. business interruption...

Ransomware attacks on the rise even as cyber insurers scale back

by AIP Online Bureau | Dec 18, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

  London: Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs of ransom...

Covid-19: AIA Singapore invests more than S$5 million to support employees, local workforce and the wider community

by AIP Online Bureau | Dec 18, 2020 | Eco/Invest/Demography, Facts, Life

  Singapore, Dec 18: AIA Singapore today announced that they have invested over S$5 million in several community initiatives to comprehensively support Singaporeans throughout 2020.These include holistic efforts to making quality healthcare accessible to all,...

Asia-Pacific life insurance market to reach $1.5 trillion in 2023:GlobalData

by AIP Online Bureau | Dec 18, 2020 | International News, Life

  Singapore: The life insurance written premium in the Asia-Pacific region is projected to grow from US$1.2 trillion in 2019 to US$1.5 trillion in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s insight report,...

With climate change focus, Biden filling environmental, interior posts

by AIP Online Bureau | Dec 18, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Pandemic

  WILMINGTON, Del: President-elect Joe Biden tapped North Carolina’s top environmental regulator, Michael Regan, as U.S. Environmental Protection Agency chief and Democratic congresswoman Deb Haaland as interior secretary as he builds his team to combat...

With 22,890 fresh cases, India’s COVID-19 tally rises to 99.79 lakh

by AIP Online Bureau | Dec 18, 2020 | Eco/Invest/Demography, Indian News

New Delhi, Dec 18: India's COVID-19 caseload rose to 99.79 lakh with 22,890 new infections being reported in a day, while total recoveries crossed the 95 lakh-mark, according to the Union Health Ministry's data updated on Friday. With 338 more fatalities,...

Microsoft says it found malicious software in its systems

by AIP Online Bureau | Dec 18, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology

Microsoft Corp said on Thursday it found malicious software in its systems related to a massive hacking campaign disclosed by U.S. officials this week, adding a top technology target to a growing list of attacked government agencies. The Redmond, Washington company is...

Hack against US is ‘grave threat’, cybersecurity agency says

by AIP Online Bureau | Dec 18, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology

  Washington: Dec 18  Federal authorities have expressed increased alarm about an intrusion into US and other computer systems around the globe that officials suspect was carried out by Russian hackers. The nation's cybersecurity agency on Thursday...

‘Covid vax must prevent infection, progression and transmission’

by AIP Online Bureau | Dec 18, 2020 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

LONDON: In order to make the global Covid-19 vaccination programme successful, the available vaccines must be able to do all three of — prevent infection becoming established in an individual, prevent disease progression and prevent onward transmission, say...

Vaccination in Asia-Pacific expected mid or late 2021, says World Health Organisation

by AIP Online Bureau | Dec 17, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  JAKARTA: The World Health Organization said Thursday that countries in the Asia-Pacific region are not guaranteed to have early access to Covid-19 shots and urged them to adopt a long-term approach to the pandemic. "The development of safe and effective...
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