by AIP Online Bureau | Dec 28, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
The decision is among the four rulings that apparently came in line with the June 2022 Supreme Court decision that said the government wasn’t liable for the disaster and that the disaster from a tsunami that high wasn’t foreseeable or preventable A Tokyo...
by AIP Online Bureau | Dec 28, 2023 | Eco/Invest/Demography, International News, Non-Life, Risk Management
The deadly blast at a furnace run by PT Indonesia Tsingshan Stainless Steel — which is controlled by the Chinese group — has triggered a police investigation and a halt to the firm’s operations. Tsingshan is the world’s biggest nickel producer and one of Indonesia’s...
by AIP Online Bureau | Dec 28, 2023 | International News, Non-Life, Regulation
The order was issued to Aioi Nissay Dowa Insurance, Sompo Japan Insurance, Tokio Marine & Nichido and Mitsui Sumitomo Insurance.The four had been asked to report to the regulator on whether they engaged in prior consultations with each other when preparing...
by AIP Online Bureau | Dec 28, 2023 | Indian News, Life, Regulation
Siddhartha Mohanty,chairman,Life Insurance Corporation According to the LIC chairman, so far as investment scope for insurance companies are concerned, it is highly regulated. So, new asset class should also be allowed, like your sovereign gold bond, equity...
by AIP Online Bureau | Dec 28, 2023 | Indian News, Risk Management
The leak took place when Coromandel’s fertiliser manufacturing unit was preparing to receive an ammonia shipment through its 2.5 kilometre-long (1.5 mile) undersea pipeline. CHENNAI/BENGALURU: About 60 people have been hospitalised after an ammonia leak from a...
by AIP Online Bureau | Dec 28, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life
A total of 109 cases of the JN.1 sub-variant have been detected in India until Wednesday, as per Health Ministry sources New Delhi: India records six Covid-19 deaths, 692 new cases in 24 hrs; total active caseload at 4,097India recorded 692 fresh cases of COVID-19 in...
by AIP Online Bureau | Dec 28, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
”One of the areas we are now cracking down on is advertising of fraudulent loan apps that many platforms are carrying and we have, through yesterday’s advisory, made it clear that no intermediary can carry advertisements of fraudulent loan apps because it...
by AIP Online Bureau | Dec 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
With the adoption of new technology, it said, the risks of cyberattacks, data breaches and operational failures have also increased. Frauds lead to reputational, operational and business risk for banks and undermine customers’ trust in the banking system with...
by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
Reliance Capital’s subsidiaries and associates are engaged in various businesses in the financial service sector including insurance New Delhi: The Competition Commission of India (CCI) has approved acquisition of controlling stake in Reliance Capital Ltd by...
by AIP Online Bureau | Dec 27, 2023 | International News, Risk Management, Technology
OpenAI has faced criticism for scraping text widely from the web to train its popular chatbot since it debuted a year ago, and this is the first lawsuit by a major media organization challenging the practice. The startup has sought licensing deals with publishers,...
