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Decide a limit on serving liquor as customers drive vehicles to return home: Court on Pune car crash

Decide a limit on serving liquor as customers drive vehicles to return home: Court on Pune car crash

by AIP Online Bureau | May 22, 2024 | Indian News, Policy, Risk Management

After hearing the arguments of the prosecution and the defence, Additional Sessions Court Judge S P Ponkshe expressed concern over the loss of two lives in the accident, and said, “…If the person is highly drunk, make arrangements for his stay there. What should...
Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

by AIP Online Bureau | May 22, 2024 | Data, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology

Cyber attacks, including ransomware, data breaches, cyber espionage, and phishing, will inflict damages totalling $9.2 trillion in 2024, $1.1 trillion more than last year and a shocking 972 per cent more than six years ago New Delhi: As organisations continue to spend...

Losses from “grey zone” action prompt preparedness, cos expand political risk management capabilities: WTW report

by AIP Online Bureau | May 22, 2024 | Workplace/Employee Benefits

Partly as a result of disruptions in the Red Sea, state-sponsored supply chain disruption appears as one of the main business concerns for 2024 and ‘grey zone aggression’, meaning any action used to weaken a country by any means short of war, has reached the top 10...

Warburg Pincus, Temasek buy insurance services firm SRG in £1 Billion Deal

by AIP Online Bureau | May 22, 2024 | Workplace/Employee Benefits

The deal also comes amid increasing consolidation in the insurance space. Insurance giant Aviva Plc said this year that it would buy specialist insurer Probitas for £242 million. Over the past decade, larger insurers such as Catlin, Amlin and Novae have also been...
Oil shipments at risk from rising sea levels, think tank warns

Oil shipments at risk from rising sea levels, think tank warns

by AIP Online Bureau | May 22, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

It said 12 out of the top 15 tanker terminals were expected to be impacted by one meter of sea level rise, including five based in Asia. Up to 42% of global crude oil exports from Saudi Arabia, Russia, the United States and the United Arab Emirates were at risk,...
Canada plans harsher laws, equipment bans to fight car theft

Canada plans harsher laws, equipment bans to fight car theft

by AIP Online Bureau | May 22, 2024 | International News, Policy, Risk Management, Technology

Canadian car thefts were a C$1.2-billion ($880 million) “gift” to organized crime in 2022, Brampton Mayor Patrick Brown said at the event Monday Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher...

China boosts farmer protection with nationwide insurance for major grains

by AIP Online Bureau | May 22, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The policy is aimed at improving the level of agricultural insurance protection, stabilizing farmers’ income, supporting the revitalization of rural areas and safeguarding food security, according to a notice released with the Agriculture Ministry and the State...
AI-intensive sectors are showing a productivity surge, PwC

AI-intensive sectors are showing a productivity surge, PwC

by AIP Online Bureau | May 22, 2024 | Data, Eco/Invest/Demography, Technology, Workplace/Employee Benefits

The data suggested that the rise of artificial intelligence could help countries to break out of a rut of low productivity growth which would boost economic growth, wages and living standards, PwC said in a report published on Tuesday The types of business which are...
FSSAI clears Indian spices of ethylene oxide contamination in nationwide testing blitz

FSSAI clears Indian spices of ethylene oxide contamination in nationwide testing blitz

by AIP Online Bureau | May 22, 2024 | Eco/Invest/Demography, Indian News, Risk Management

The investigation was triggered after the Hong Kong Food Authority recalled certain spice products from M/s Mahashian Di Hatti Pvt Ltd (MDH) and M/s Everest Food Products Pvt Ltd (Everest) due to ETO levels exceeding permissible limits New Delhi: The Food Safety and...

290 cases of COVID-19 variant KP.2, 34 cases of KP.1 detected in India: INSACOG data

by AIP Online Bureau | May 21, 2024 | Data, Eco/Invest/Demography, Health

Data compiled by the Indian SARS-CoV-2 Genomics Consortium (INSACOG) showed that 34 cases of KP.1 have been found across seven states and UTs with 23 cases registered from West Bengal New Delhi: As many as 290 cases of KP.2 and 34 cases of KP.1, both sub-lineages of...
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