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Global tech outage disrupts industries, highlights risks of interconnected world

by AIP Online Bureau | Jul 19, 2024 | Eco/Invest/Demography, Health, International News, Risk Management

A software update by global cybersecurity firm CrowdStrike appeared to have triggered systems problems that grounded flights, forced some broadcasters off air and left customers without access to services such as healthcare or banking A worldwide tech outage crippled...

India working with Microsoft to help impacted entities: IT Minister Ashwini Vaishnaw

by AIP Online Bureau | Jul 19, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Millions of Microsoft Windows users experienced the “Blue Screen of Death” error that caused their computers to shut down or restart.The government has also issued an advisory on the outage of Microsoft Windows owing to the CrowdStrike agent ‘Falcon...

Microsoft resolves cloud outage that led US airlines to ground flights

by AIP Online Bureau | Jul 19, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology, Workplace/Employee Benefits

Microsoft said its outage started at about 6 pm ET on Thursday, with a subset of its customers experiencing issues with multiple Azure services in the Central US region. Azure is a cloud computing platform that provides services for building, deploying, and managing...

Russian cybersecurity firm Kaspersky Labs to wind down US operations

by AIP Online Bureau | Jul 18, 2024 | International News, Technology

Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in the country. Kaspersky, which will eliminate...

FM Global unveils updated brand to reflect its growth and commitment to protecting client risk

by AIP Online Bureau | Jul 18, 2024 | International News, Non-Life, Reinsurance

“We believe that by uniting our businesses under the FM brand, we will streamline and strengthen our market position, which will allow us to provide an even better experience for our current clients and reach more organizations that share our belief that the majority...

Chandigarh-Dibrugarh Express derails in UP; four dead, 34 injured

by AIP Online Bureau | Jul 18, 2024 | Indian News, Non-Life, Risk Management

Uttar Pradesh Deputy Chief Minister Brajesh Pathak told PTI that four people were killed, with district magistrate Neha Sharma too giving out the same number to the media. But about five hours after the 2.35 pm accident, the authorities revised the figures with Sharma...

World Bank eyes first ‘drought’ bond in next 12-18 months

by AIP Online Bureau | Jul 18, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Risk Management

“We would love to do something in the drought space, that is something we are working on,” said George Richardson, director of the capital markets and investment department at the World Bank Treasury told Reuters, adding this would be most likely focussed on Africa...

Railways to monitor untoward incidents in real time to check fraudulent claims

by AIP Online Bureau | Jul 18, 2024 | Indian News, Non-Life, Policy, Risk Management, Technology

The board acted after it came to light that there were delays in fulfilling formalities related to cases of Man Run Over (MRO) by trains and other untoward incidents, due to which fraudulent cases were lodged at the Railway Claims Tribunal (RCT), making it pay a heavy...

Livestock census to start in September Punjab Minister

by AIP Online Bureau | Jul 18, 2024 | Data, Eco/Invest/Demography, Policy, Technology

This will be the first time that pet dogs and cats will also be counted and .This is also the first time that cattle at ‘gaushalas’ and cattle being reared by nomadic tribes will be counted separatel Chandigarh:Punjab Animal Husbandry minister Gurmeet...

LIC ties up with IDFC First Bank for bancassurance

by AIP Online Bureau | Jul 17, 2024 | Banking & Bancassurance, Life

LIC has tied-up with IDFC First Bank, under corporate agency arrangement. This tie-up will facilitate more than 1 crore customers of IDFC First Bank who will now be able to buy LIC policies through the bank. The partnership will have a combined strength of a vast...
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