Understanding the link between weather patterns and extreme...
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Houses in Shimla at risk of sinking due to incessant rain
Continuous rains over the past few days have led to the sinking of...
India has adequate and sufficient insurance coverage for nuclear incidents
Jitendra Singh,Union Minister of State (Independent Charge) Science...
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.
Mumbai avoids brunt of cyclone that barrels into India’s west coast
Cyclone Nisarga also did not cause any major damage on the southern coast of Gujarat on Wednesday afternoon and evening following landfall near Alibaug in Maharashtra. The Gujarat government had evacuated over 63,700 people from coastal areas of eight districts and 18 teams of National Disaster Response Force (NDRF) and six teams of State Disaster Response Force (SDRF) were deployed for rescue operations.
Flight operations resumed at Mumbai’s Chhatrapati Shivaji Maharaj International Airport. Arrivals and departures were suspended at 2:30 pm due to strong crosswinds induced by Cyclone Nisarga.
India”s COVID-19 recovery rate improving, fatality rate declining: Health Ministry
While the recovery rate in coronavirus infections is improving and has reached 48.19 per cent in India, there has been steady decline in the case fatality which is now 2.83 per cent, the health ministry said.
India approves emergency use of remdesivir to treat COVID-19 patients
The drug was granted emergency use authorization by the U.S. Food and Drug Administration last month and has received approval by Japanese health regulators. The drug is being administered in some countries under compassionate use rules.
India far away from peak, much better positioned in Covid-19 fight than other nations: Govt
“Our Covid-19 fatality rate of 2.82 per cent and amongst the lowest in the world, compared to a global fatality rate of 6.13 per cent. We have been able to achieve this due to timely identification of cases and proper clinical management,” Agarwal said.
Cyclone Nisarga to disrupt India’s Mumbai financial hub
The second cyclone in the country in a fortnight will carry heavy rain and wind speeds as high as 120 kilometers per hour (75 miles). It is seen hitting the coasts of Maharashtra and Gujarat Wednesday afternoon and will be intense enough to damage communication, electricity poles, trees, and plantations, according to the India Meteorological Department.
British watchdog enlists 8 insurers in pandemic test case of Business Interruption cover
“We expect the test case to provide guidance for the interpretation of many other business insurance policies that are not in the representative sample,” the FCA said.
The eight insurers asked to take part in the court case were Lloyd’s of London insurers Hiscox, Arch, Argenta and MS Amlin, as well as RSA, QBE, Zurich and Ecclesiastical, the FCA said in a statement.
Hurricanes may cause more pain for pandemic-hit insurers
“What we’ve seen over the past couple of years is an increase of (storm) losses from a frequency and severity perspective,” said Susan Fallon, global head of Property at Zurich Insurance Group.
“There’s an expectation we will see increased rates.”
Lloyd’s of London this month forecast more than $100 billion in underwriting losses from the pandemic in 2020, with those losses coming before the hurricane season even gets going.
The specialist insurance market said the pandemic losses were similar in size to the loss year of 2005 – when Hurricane Katrina hit New Orleans – and 2017 – when Hurricanes Harvey, Irma and Maria hit Florida, Puerto Rico and Texas.