Category:

Disaster & Management

France looks to insure businesses for future pandemics

France’s private insurers would provide business-interruption cover of up to 2 billion euros ($2.2 billion) a year in total for small companies hit by the fallout of any future pandemics, under a system proposed by the industry body.

The proposals, which would not apply to the current crisis, are aimed at helping 2.9 million small and mid-sized companies to cover some losses should they be required by the state to shut down their businesses if disaster strikes again.Under the proposed mechanism, known as CATEX, private insurers and reinsurers would provide coverage of up to 2 billion euros annually to businesses overall, beyond which the state would step in via public reinsurer CCR.
The new guarantee would be built into either fire insurance contracts, which all France companies have; or into business interruption policies, which 50% of businesses have.

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Govt says no community transmission of Covid-19 yet, but experts disagree

“It’s just that the health authorities are not admitting it. Even ICMR’s own study of SARI (severe acute respiratory illness) showed that about 40 per cent of those who tested positive for SARS-CoV-2 did not have any history of overseas travel or contact to a known case. If this is not community transmission, what is,” Leading virologist Shahid Jameel

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Remdesivir rollout to take more time as pharma firms working on providing safety, quality data

The Union Health Ministry on Saturday, in its revised ‘Clinical Management Protocol for COVID-19’, recommended the use of remdesivir under emergency use authorization on patients with moderate disease — that is those on oxygen support. It is not recommended for those with severe renal impairment and in children less than 12 years, pregnant and lactating women.

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India records over 10,000 COVID-19 cases in single day, tally nears 3 lakh: Health Ministry

Of the 396 new deaths reported till Friday morning, 152 were in Maharashtra, 101 in Delhi, 38 in Gujarat, 24 in Uttar Pradesh, 23 in Tamil Nadu, 12 in Haryana, 10 in West Bengal, nine in Telangana, six in Rajasthan, four each in Madhya Pradesh and Punjab, three each in Bihar and Karnataka, two each in Andhra Pradesh, Assam and Puducherry and one in Jammu and Kashmir.

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Poverty may surge to over 1 billion due to coronavirus, warns study

Because millions of people live just above the poverty line, they are in a precarious position as the economic shock of the pandemic plays out. In a worst case scenario, the number of people in extreme poverty – defined as earning under USD 1.90 a day – is forecast to rise from about 700 million to 1.1 billion, according to the report, which was published by the United Nations University World Institute for Development Economics Research.

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