Category:

Disaster & Management

Extreme’ California wildfire forces hundreds to evacuate

No casualties were reported but the blaze threatened 5,420 homes and other structures in communities about 40 miles (65 km) north of downtown Los Angeles where residents have been told to prepare for possible evacuations over the weekend, Garrido said.

Across the United States, fires have been less ferocious so far in 2020, burning around 1.4 million fewer acres than in the same period of 2019. Conditions are expected to worsen in California next month when Santa Ana winds arrive in the south and El Diablo winds pick up in the North.

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Who pays for Mauritius oil spill and how much?

Under the 2001 International Convention on Civil Liability for Bunker Oil Pollution damage, which is referred to as the BUNKER convention and has been administered by the International Maritime Organization (IMO) since it came into force in 2008, the owners of vessels are responsible for damage caused by oil leaks. That means Nagashiki rather than Mitsui OSK is liable.The Wakashio is insured by Japan P&I Club, the country’s only organization that underwrites protection and indemnity insurance for ocean going and coastal vessels. On Wednesday, a spokesman for Japan P&I said it was “trying to make internal estimates” for how much the clean up would cost.

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Munich Re among insurers facing ‘Major’ Beirut blast losses

Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon’s government, could exceed $7 billion, according to the Institute of International Finance.

Although only a fraction of the losses are covered by insurance, the blast’s financial impact still could blow holes in reinsurers’ balance sheets. Insured losses at the port and nearby vessels and cargoes could reach $250 million, according to Guy Carpenter & Co., a U.S. brokerage.
“We are currently assuming that this will be a major loss for us,” Christoph Jurecka, Munich Re’s chief financial officer, told reporters in an Aug. 6 conference call. He declined to estimate the size of the loss, but Munich Re classifies total payouts of more than 10 million euros ($11.8 million) for one incident as “major.”

Hannover Re, another Germany-based reinsurer, also anticipates a loss of at least 10 million euros, a company board member, Sven Althoff, said last week in a call with analysts.

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India reports a record 66,999 Covid-19 cases and 942 deaths, Over 1.28 Cr PPEs, given to states,UTs by Centre for free

In addition, 22,533 “Make in India” ventilators have been delivered to various states, Union territories and central institutions, the ministry said, adding that the Centre is also ensuring the installation and commissioning of the machines.

The central role of the government has been in strengthening the health infrastructure of the states and Union territories to fight the COVID-19 pandemic and ensure its effective management, the ministry underlined.

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Business owners can sue insurer over coronavirus losses, US judge rule

The decision against Cincinnati Insurance Co by U.S. District Judge Stephen Bough in Kansas City appears to be first victory for policyholders suing insurers for improperly denying claims related to shutdowns caused by COVID-19.

Insurers had won similar cases in courts in Michigan and Washington, D.C., successfully arguing that coverage was not warranted because the virus travels through the air and does not cause physical damage.

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UK life insurers pay 90 million pounds in COVID-19 claims – trade body

Insurers received 7,000 life insurance claims from families of people who died from COVID-19 and 83% have been paid so far, the ABI said in a statement. Every life insurance claim has been accepted, it said.

The average payout is expected to be 63,000 pounds for an individual policy and 137,000 for a group policy.
Although they are paying life insurance claims, worsening life expectancy will mean pensions, often the bulk of their business, are paid for a shorter period, industry sources say.

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New Zealand considers freight as possible source of new coronavirus cluster

The source of the outbreak has baffled health officials, who said they were confident there were no local transmission of the virus in New Zealand for 102 days and that the family had not travelled overseas.

“We are working hard to put together pieces of the puzzle on how this family got infected,” said Director General of Health Ashley Bloomfield.

Investigations were zeroing in on the potential the virus was imported by freight. Bloomfield said surface testing was underway at an Auckland cool store where a man from the infected family worked.

“We know the virus can survive within refrigerated environments for quite some time,” Bloomfield said during a televised media conference.

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COVID-19: 60,963 fresh cases take India’s tally to 23,29,638

India’s rate of recovery has improved to 70.37% as 1,639,599 people, 56,110 in the last 24 hours, have been discharged from hospitals so far. “The TEST, TRACK, TREAT strategy showing desired result- early identification and prompt isolation/hospitalisation aiding exponential growth in recoveries,” the ministry tweeted on Wednesday.

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