by AIP Online Bureau | Jul 13, 2023 | Eco/Invest/Demography, Regulation, Technology
The FTC this week sent a 20-page demand for records about how OpenAI addresses risks related to its AI models. The agency is investigating whether the company engaged in unfair or deceptive practices that resulted in “reputational harm” to consumers The...
by AIP Online Bureau | Jul 13, 2023 | Indian News, Life, Non-Life, Regulation, Technology
The winners are- AiBorne Tech, which has won the contest for its ` Motor Fraud Prevention/Mitigation’ project, Policybazaar Insurance Brokers Private Limited has become the 1st runner in the contest for its project `Last mile insurance coverage’ while Vlinder is the...
by AIP Online Bureau | Jul 13, 2023 | Indian News, Life, Non-Life, Policy
From the legislative point of of view, enacting `Insurance Act 2023’ by repealing `Insurance Act 1938′ will be a simple exercise as its doesn’t involve any major changes Earlier, the government dropped all its plans to bring in much talked about major...
by AIP Online Bureau | Jul 13, 2023 | International News, Non-Life, Reinsurance
Insurers can opt to pay more for the same reinsurance package, or cut costs by restricting new business, withdrawing from certain regions or business lines or adjusting their strategy, such as by cutting costs on more frequent but less severe perils, Morningstar said....
by AIP Online Bureau | Jul 13, 2023 | Climate, Environment, Renewable Energy, Facts
These colour changes, subtle to the human eye, cannot be explained by natural, year-to-year variability alone, the researchers from the Massachusetts Institute of Technology (MIT), US, and other institutes write in their paper published in the journal Nature New...
by AIP Online Bureau | Jul 13, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Policy
Approximately 66 per cent of individuals in India are exposed to extreme flood events; however, only 33 per cent of them are covered by flood EWS. Moreover, 25 per cent of the Indian population is exposed to cyclones and their impacts, but cyclone warnings are...
by AIP Online Bureau | Jul 13, 2023 | International News, Non-Life, Regulation
US District Judge Colleen McMahon imposed the sentence Wednesday in Manhattan on Allianz Global Investors US, which had agreed to the payout last year when it pleaded guilty to a single criminal charge of securities fraud as part of a deal with federal prosecutors. It...
by AIP Online Bureau | Jul 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
The petition filed in February 2022 seeks government approval to deploy vehicles annually without steering wheels, mirrors, turn signals or windshield wipers A top U.S. auto safety official said Wednesday regulators will soon decide on a petition filed by General...
by AIP Online Bureau | Jul 13, 2023 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology
The Cyberspace Administration of China, which released the set of rules on its website, said that service providers will need to conduct security assessments and perform algorithm filing procedures before product launches. The measures will go into effect on Aug. 15...
by AIP Online Bureau | Jul 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
For some buyers of the Russian flagship crude, the breaching of the cap poses an immediate headache. This is especially true in India, a market that has sustained Russian exports but where some purchasers are still reliant on key Western services to keep imports...
