Turkey and Syria earthquakes drive nearly half of economic losses...
Category:
Disaster & Management
Latest
Swiss Re structures Blackstone’s first indemnity catastrophe bond
The transaction is Blackstone's first indemnity catastrophe bond...
Himachal rains: Economic losses of Rs 4808.79 crore, Death toll reaches 130
As many as 13 people died, including one rescuer, after the...
Sun Pharma testing plant-based drug as potential COVID-19 treatment
AQCH is derived from tropical, climbing shrub cocculus hirsutus, which is used in Asia for its apparent medicinal properties.
The company said the trial will be conducted across 12 centers in India in 210 patients and a human safety study of the drug has been completed.
AQCH, which is being developed for dengue, has shown broad antiviral effect in in-vitro studies and hence is being tested as a potential treatment option for COVID-19,” the company said in a statement
AXA faces 1,700 ambiguous restaurant contracts over pandemic payouts
Axa chief executive Thomas Buberl said his company had reached an agreement with 200 restaurants and that the payouts would allow them to cover a substantial part of their costs.
The court case set a potential precedent for coronavirus-related disputes across the world.
COVID-19 Pandemic: Emerging risks and trends
•Intergenerational tensions, supply chain disruptions and the fragility of public healthcare are among the risks and trends amplified by the COVID-19 pandemic, 2020,
•The coronavirus outbreak showed that societies weren’t sufficiently prepared, and that broad risk awareness is crucial for proper risk management;,
•The current crisis shouldn’t overshadow the need for the world to transition to a more sustainable economy and a low-carbon future, and the insurance industry can play a pivotal role in this
SC seeks finance ministry’s reply on waiver of interest on loans during moratorium period
The bench was hearing a plea, filed by Gajendra Sharma, in which he has sought a direction to declare the portion of RBI’s March 27 notification “as ultra vires to the extent it charges interest on the loan amount during the moratorium period, which create hardship to the petitioner being borrower and creates hindrance and obstruction in ‘right to life’ guaranteed by Article 21 of the Constitution of India”.
India’s COVID-19 tally reaches 2,16,919 with record spike of 9,304 cases; death toll 6,075
Of the 260 deaths reported since Wednesday morning, 122 were in Maharashtra, 50 in Delhi, 30 in Gujarat, 11 in Tamil Nadu, 10 in West Bengal, seven each in Madhya Pradesh, Uttar Pradesh and Telangana, six in Rajasthan, four in Andhra Pradesh and one each in Bihar, Chhattisgarh, Jammu and Kashmir, Karnataka, Punjab and Uttarakhand.
Maruti introduces accessories to protect customers from coronavirus
The company’s ‘Health and Hygiene’ genuine accessories for car and personal care are priced from Rs 10 to Rs 650, MSI said in a statement.
India’s urban COVID-19 outbreak is morphing into a rural health crisis
Dr. Naman Shah, an epidemiologist and physician advising a federal government coronavirus task force, said rural outbreaks could be “devastating” given the inadequate number of doctors and health facilities.
India pledges $15 million for global vaccine alliance
India is also the world’s foremost producer of vaccines and that it is fortunate to contribute to the immunization of about 60 per cent of the world’s children, he pointed out.
IRDA asks general and health insurers to launch exclusive Covid-19 cover by June 15
Room Rent, Boarding, Nursing Expenses all inclusive as provided by the Hospital / Nursing Home up to 2% of the sum insured subject to maximum of Rs.5000/- per day.
•.Intensive Care Unit (ICU) charges/ Intensive Cardiac Care Unit (ICCU) charges all inclusive as provided by the Hospital / Nursing Home up to 5% of the sum insured subject to maximum of Rs.10,000/-, per day
• Ambulance: Rs 2000/- per Hospitalization.
Mumbai streets deserted as India’s biggest city braces for cyclone
Cyclones often skirt densely populated Mumbai, a metropolis of more than 20 million people, though every year during torrential rains of the June-September monsoon season roads are submerged, and the suburban railway service that serves millions of people comes to a halt.