Category:

Disaster & Management

Global investors including insurers urge Brazil to stop deforestation

The 25 European signatories include Norway’s Nordea Asset Management and the Church of England, which has a 2.8 billion pound ($3.5 billion) pension fund. The UK’s Legal & General Investment Management (LGIM) is among the largest investors with 1.2 trillion pounds under management.
The letter does not spell out consequences if Brazil’s government does not take action, but seven European financial firms told Reuters last week they could divest from Brazil-linked holdings if environmental destruction continues. Many of those firms also signed the letter to embassies.

read more

UN chief criticises lack of global cooperation on COVID-19

Secretary-General Antonio Guterres said it’s important to use that fact to make countries understand that bringing them together, putting together their capacities, not only in fighting the pandemic in a coordinated way but in working together to have the treatments, testing mechanisms, the vaccines accessible to everybody, that this is the way we defeat the pandemic.

read more

CCRIF pays Guatemala $3.6 mn under its excess rainfall parametric insurance policy

CCRIF currently has 22 member governments of which three are from Central America – Nicaragua, Panama, and Guatemala. Since its inception in 2007, CCRIF has made a total of 43 payouts for 21 events (earthquakes, tropical cyclones, and excess rainfall events) to 14 member governments totalling US$155.8 million. CCRIF’s payouts are made within 14 days of an event, allowing governments to begin to address their most pressing needs and close the liquidity gap.

read more

Coronavirus cases in India climb to 4,40,215, nearly 11,000 recoveries in single day

During the last 24 hours, a total of 10,994 COVID-19 patients have recovered, taking the recovery rate to around 56.38 per cent amongst coronavirus infected patients, an official said.

Of the 312 fresh fatalities reported till Tuesday morning, 113 were from Maharashtra, 58 from Delhi, 37 from Tamil Nadu, 21 from Gujarat, 19 from Uttar Pradesh, 14 from West Bengal, 9 from Haryana, seven each from Rajasthan and Telangana, six from Madhya Pradesh, five each from Andhra Pradesh and Karnataka, three from Jammu and Kashmir, two each from Bihar and Punjab and one each from Chhattisgarh, Goa, Odisha and Uttarakhand.

read more