Category:

Disaster & Management

Global insurance losses from natural catastrophes and man-made disasters at $ 31 billion in H1 2020:Swiss Re

Global insured losses from natural catastrophes rose to USD 28 billion in the first half of 2020 from USD 19 billion the year before, while insured losses from man-made disasters decreased to USD 3 billion from USD 4 billion.

Secondary perils primary loss drivers once again In the North America, severe convective storms (thunderstorms with tornadoes, floods and hail) caused insured losses of over USD 21 billion in the
first half.

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Companies risk losing a year’s profit from collapse of supply chains,says McKinsey

he New York-based consultancy, in a report that analyzes 325 companies in 13 industries, quantifies what corporate number crunchers have sensed since the tsunami struck Japan in 2011: that man-made and natural disasters are getting more severe, frequent and costly, and that supply chains spanning the globe need to adapt to reduce exposure to threats to business survival.

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10 states account for 80% Covid-19 cases:PM Modi,

“Our experience so far is that containment, contact tracing and surveillance are the most effective weapons against the pandemic with experts of the view that if positive cases are identified within 72 hours of onset, then infection slows down to great extent,” prime minister Narendra Modi said.

Modi said it was a matter of satisfaction that the average fatality rate in India has been going down and noted that it has been very low compared to the world average.
With the fresh cases, India’s COVID-19 tally rose to 22.68 lakh, while the recoveries have surged to 15,83,489, pushing the recovery rate to 69.80 per cent.

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