by AIP Online Bureau | Oct 24, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Zurich: Swiss Re Capital Markets successfully structured and placed the issuance of USD 775 million of insurance-linked securities (ILS) by Ursa Re II Ltd, to be used for the protection of the California Earthquake Authority (CEA). CEA protects more than one...
by AIP Online Bureau | Oct 24, 2020 | International News, Non-Life, Regulation
NEW YORK: American International Group Inc AIG.N agreed to give up claims to more than $400 million of foreign tax credits and to accept a 10% tax penalty to settle accusations it used abusive tax shelters, the U.S. Department of Justice said on Friday. Acting...
by AIP Online Bureau | Oct 24, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
LONDON: Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the coronavirus pandemic, companies are turning to in-house insurance firms. These so-called “captive” insurers are already common...
by AIP Online Bureau | Oct 24, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi, India's COVID-19 tally climbed to 78.14 lakh with 53,370 fresh cases in a day, while 70,16,046 people have so far recuperated pushing the national recovery rate to 89.78 per cent on Saturday, the Union health ministry said. The total number of...
by AIP Online Bureau | Oct 23, 2020 | Facts, Risk Management, Technology
Security researcher breaks into Trump's Twitter accountSan Fancisco, Call it bizarre if you may, but a Dutch cyber security researcher has broken into US President Donald Trump's Twitter account by guessing his password as 'maga2020'. According...
by AIP Online Bureau | Oct 23, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
NEW DELHI: Startups and small and medium-sized enterprises (SMEs) remain the most vulnerable segment in India when it comes to cyberattacks, said a new eBook report. Most common types of cyberattacks faced by startups and SME's are ransomware, cyptojacking,...
by AIP Online Bureau | Oct 23, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Risk Management, Technology
Mumbai: Retired Justice B N Srikrishna on Thursday said anonymous data is not foolproof and can be de-anonymised in future. Legislation can only make entities de-anonymising the data answerable to the law, he added. Justice Srikrishna headed the committee on framing...
by AIP Online Bureau | Oct 23, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi: Union Health Minister Dr Harsh Vardhan on Friday said that the next three months are going to be decisive in determining the situation of COVID in the country and urged people to follow COVID appropriate behaviour during the coming festival and...
by AIP Online Bureau | Oct 23, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi: COVID-19 recoveries in India have crossed 69 lakh, while the number of coronavirus infections reported in a span of 24 hours remained below 60,000 for the fifth consecutive day as the country''s caseload rose to 77,61,312, according to Union...
by AIP Online Bureau | Oct 23, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management
New Delhi: The National Green Tribunal has rapped the Centre over inadequate measures to prevent wastage and misuse of groundwater saying there has to be specific time bound action plans and monitoring. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said...
