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EU privacy regulator fines Meta €91M over password storage in GDPR violation

by AIP Online Bureau | Sep 30, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The inquiry was opened five years ago after Meta notified Ireland’s Data Protection Commission (DPC) that it had stored some passwords in “plaintext.” Meta publicly acknowledged the incident at the time and the DPC said the passwords were not made available to...

Port strike will paralyze half of US trade and cargo carriers

by AIP Online Bureau | Sep 30, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Oxford Economics estimated that a strike would cost the US economy $4.5 billion to $7.5 billion a week — a hit to gross domestic product that would be reversed after it’s over and shipments resume The world’s top container carrier is urging customers to move US cargo...
Marsh McLennan strikes $7.75 bln deal for McGriff Insurance Services

Marsh McLennan strikes $7.75 bln deal for McGriff Insurance Services

by AIP Online Bureau | Sep 30, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Marsh McLennan said it expects the deal, struck through its Marsh McLennan Agency business, to enhance the unit’s capabilities across commercial property and casualty, employee benefits, management liability and personal insurance lines Marsh McLennan, the...

India’s monsoon rains hit four-year high in boost to crop output

by AIP Online Bureau | Sep 30, 2024 | Eco/Invest/Demography, Indian News, Risk Management

India badly needed good rainfall in 2024 after its driest year in five years in 2023, which depleted reservoir levels and trimmed production of some crops. This forced New Delhi to impose curbs on exports of rice, sugar and onions MUMBAI: India’s monsoon...

Tata iPhone component plant halts production indefinitely after fire

by AIP Online Bureau | Sep 30, 2024 | Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits

The fire broke out at the plant in Tamil Nadu state early on Saturday, leaving 10 people with minor injuries and halting production. It is the latest incident to affect Apple’s iPhone supply chain in India just as the tech giant is looking to diversify beyond...

Sensex crashes by 1,272 points, investors lose Rs 4 lakh crore

by AIP Online Bureau | Sep 30, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The foreign institutional investors (FIIs) turned net sellers as they sold equities worth Rs 1,209 crore on September 27, while domestic institutional investors extended their buying as they bought equities worth Rs 6,886 crore on the same day Mumbai: Indian equity...

Climate change hit over 50 pc cotton farmers surveyed in Maharashtra, Gujarat in 5 years: Report

by AIP Online Bureau | Sep 30, 2024 | Climate, Environment, Renewable Energy, Data, Disaster & Management, Eco/Invest/Demography

“There are some government programmes and insurance schemes to help them, but our research shows they are not well known and may not provide comprehensive support in any case. While farmers are already doing what they can to protect their livelihoods, the...
Cloudflare denies hosting sites linked to data leak at Star Health

Cloudflare denies hosting sites linked to data leak at Star Health

by AIP Online Bureau | Sep 30, 2024 | Health, Indian News, Risk Management, Technology

The statement comes after the company was made party to an Indian lawsuit filed by Star Health last week, in which the insurer alleged that Cloudflare hosted the websites in question.Star has also sued Telegram and the self-styled hacker xenZen, after Reuters reported...

Mental health professionals to assess transgenders opting for gender assignment surgery

by AIP Online Bureau | Sep 29, 2024 | Data, Eco/Invest/Demography, Health, Policy

According to the document, one cannot undergo gender affirmation surgery before the age of 18 years and a certificate of being stable on endocrine treatment for one year and suitability for surgical procedure is required before gender affirmation surgery New...

Prostate cancer cases rising in men under 50 in India

by AIP Online Bureau | Sep 29, 2024 | Data, Eco/Invest/Demography, Health

According to the World Health Organization’s (WHO) figures, prostate cancer affected 37,948 Indian men — accounting for roughly 3 per cent of the 14 lakh new cancer cases registered in the country — in 2022. New Delhi: The number of prostate cancer cases is rising...
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