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Cyberattacks grew 22% on India’s IoT deployments in Q2

by AIP Online Bureau | Aug 9, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

  NEW DELHI: With 22 per cent jump in cyberattacks on Internet of Things (IoT) deployments in the country, India was the most attacked nation in the IoT space last quarter, said a new report released here on Friday. This was the second consecutive quarter that...

UK insurers settle 99% of cyber insurance claims

by AIP Online Bureau | Aug 9, 2019 | International News, Non-Life, Reinsurance, Risk Management, Technology

  London: The Association of British Insurers has, for the first time, revealed that 99% of claims made (207) on ABI-member cyber insurance policies in 2018 were paid*. This is one of the highest claims acceptance rates across all insurance products.  ...

Insurers Pressured to Drop Coverage of Canada’s Oil Sands Pipeline

by AIP Online Bureau | Aug 8, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project which carries crude from Alberta’s oil sands to British Columbia’s...

Over 1,500 obsolete rules removed to make government functioning citizen friendly: Jitendra Singh

by AIP Online Bureau | Aug 8, 2019 | Eco/Invest/Demography, Indian News, Technology

Shillong: Union Minister Jitendra Singh said on Thursday that the Centre has done away with over 1,500 obsolete rules and regulations, making the functioning of the government more efficient and citizen friendly.   Addressing the inaugural session of the 22nd...

UK’s Aviva reviews Asia business

by AIP Online Bureau | Aug 8, 2019 | International News, Life

  London: Britain’s second largest insurer Aviva reported a forecast-beating 1% rise in first-half operating profit on Thursday, helped by a strong performance in its general business and announced a review of its Asian operations.   In his first...

World warned: Change now or endanger food and climate

by AIP Online Bureau | Aug 8, 2019 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

  GENEVA: Humanity faces increasingly painful trade-offs between food security and rising temperatures within decades unless it curbs emissions and stops unsustainable farming and deforestation, a landmark climate assessment warned on Thursday.   The...

President gives assent to National Medical Commission Bill

by AIP Online Bureau | Aug 8, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: President Ram Nath Kovind has given his assent to the National Medical Commission Bill, 2019, which was passed by both Houses of Parliament, Union Health Minister Harsh Vardhan said on Thursday.   "It will be notified in the Gazette soon....

Recapitalisation of Indian public sector banks disappearing into quicksand

by AIP Online Bureau | Aug 8, 2019 | Banking & Bancassurance, Blog, Eco/Invest/Demography, Intermediaries

  Mumbai::  India Ratings and Research (Ind-Ra) opines that it is time to reevaluate the objectives of public sector banks (PSBs) and their role in the Indian economy. While the government has infused huge capital in PSBs, the same has largely been used to...

Tesla under U.S. scrutiny over safety claims

by AIP Online Bureau | Aug 8, 2019 | International News, Non-Life, Risk Management, Technology

Tesla Inc. received a cease-and-desist letter last year from the U.S. National Highway Traffic Safety Administration (NHTSA) for making misleading statements over safety ratings of its Model 3 cars, according to documents seen by Reuters.   The documents also...

As breaches rise, so do the paychecks for Cybersecurity professionals

by AIP Online Bureau | Aug 8, 2019 | International News, Non-Life, Risk Management, Technology, Trends, Facts

It took a $650,000 salary for Matt Comyns to entice a seasoned cybersecurity expert to join one of America’s largest companies as chief information security officer in 2012. At the time, it was among the most lucrative offers out there.   This year, the...
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