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Uber’s Self-Driving Cars Insured by Old Republic

by AIP Online Bureau | Mar 25, 2018 | International News

Old  Republic International Corp., the Chicago-based insurer, provides commercial liability coverage of as much as $5 million for each of Uber Technologies Inc.’s self-driving vehicles.   The policy covers bodily injury, death and property damage, an...

Facebook User Sues Over Personal Data Release to Cambridge Analytica

by AIP Online Bureau | Mar 24, 2018 | International News, Technology

  A Facebook Inc. user sued the social network and a data research firm that played a role in the election of President Donald Trump alleging that her privacy was violated when information on some 50 million users was improperly disclosed.   Lauren Price, of...

Last three years hottest on record, severe weather hits 2018: U.N.

by AIP Online Bureau | Mar 24, 2018 | Climate, Environment, Renewable Energy, International News

OSLO:  The past three years were the hottest on record and heat waves in Australia, freak Arctic warmth and water shortages in Cape Town are extending harmful weather extremes in 2018, the United Nations said on Thursday.   Atlantic hurricanes and monsoon...

UIDAI dismisses report of data leak, says Aadhaar remains safe

by AIP Online Bureau | Mar 24, 2018 | Indian News, Risk Management

NEW DELHI: he Unique Identification Authority of India (UIDAI) on Saturday refuted reports about a fresh data leak of Aadhaar holders, and asserted that there has been "absolutely no breach" of its database.   The statement comes after a technology news...

How Railways Is Trying To Create “Zero Accident” Network

by AIP Online Bureau | Mar 24, 2018 | Articles, Risk Management

  SHIMLA:   In a move to create a "zero accident" network, the Indian Railways has decided to install coach-defect monitoring systems on 65 rail sections across the country. Officials said these include 25 sections on Central and Western...

M&A deal volume highestin 2017 since2010 with 1022 transactions:E&Y

by AIP Online Bureau | Mar 24, 2018 | Data

As per EY’s latest Transactions Annual report released today Indian M&A ended the year 2017 with 1,022 deals with a disclosed value of US$46.8 billion. While the deal volume reached a record high (as compared to 895 deals in 2016) since 2010, the deal value...

SAT sets aside IRDAI’s order suspending E-Meditek Insurance TPA’s license without notice

by AIP Online Bureau | Mar 24, 2018 | Indian News, Regulation

  Mumbai: The SAT(Securities Appellate Tribunal)  has set aside the insurance regulator IRDAI’s order suspending the license of  Delhi based E-Meditek Insurance TPA(Third Party Administrator) without notice and has asked the insurance regulator to...

FIR by CBI against officials of United India, Deccan Chronicle Holdings, CARE and IDFC, alleges collusion to defraud UII Rs 30 cr

by AIP Online Bureau | Mar 23, 2018 | Indian News

   NEW DELHI:  The Central Bureau of Investigation(CBI) on Thursday filed an FIR against officials of Chennai based United India Insurance Company(UIIC), Deccan Chronicle Holdings Ltd(DCHL), its Chairman T Venkatram Reddy,  CARE rating and IDFC for...

Market crash wipes out Rs 1.57 lakh crore of investor wealth

by AIP Online Bureau | Mar 23, 2018 | Indian News

Mumbai: Investor wealth today slumped by Rs 1.57 lakh crore, following heavy selling in the broader market where the BSE benchmark index tanked about 410 points to close at a five-month low.  The 30-share Sensex dived 409.73 points or 1.24 per cent to close at...

India:Telecom subscriber base dips 1.3% to 1.17 billion in Jan

by AIP Online Bureau | Mar 23, 2018 | Data

India's telecom subscriber base dipped to 1.175 billion at the end of January with smaller operators losing bulk of their customers, as per monthly Trai report released on Friday.   "The number of telephone subscribers in India declined from 1,190.67...
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