Category:

Disaster & Management

‘Unlock 1’:Hotels, malls to open from Jun 8; lockdown in containment zones till Jun 30

The death toll due to COVID-19 rose to 4,971 and the number of cases climbed to 1,73,763 in the country registering a record single-day spike of 265 deaths and 7,964 cases till Saturday 8 am, according to the Union health ministry.
Religious places of worship for public, hotels, restaurants, shopping malls and other hospitality services will be opened from June 8, the guidelines stated.

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Calm before the storm for Japan suicides as coronavirus ravages economy

Kyoto University’s Resilience Research Unit has predicted 2,400 more suicides for each 1% rise in unemployment. If the virus subsides in a year, unemployment could peak at around 6% by March, lifting annual suicides to around 34,000, it estimated. If pandemic conditions persist for two years, a rise to 8% unemployment by March 2022 would see suicides spike over 39,000

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U.S. lawmaker wants insurers, govt. to share future pandemic business losses

The legislation, introduced by Rep. Carolyn Maloney, a Democrat from New York, would provide up to $750 billion in taxpayer funds to pay insurance claims for business loss revenue during future pandemics. Insurers would first have to pay out a total of $250 million in losses, according to the bill.

Insurers are turning their focus to future pandemics after facing lawsuits, political pressure and criticism from customers who say insurers’ business interruption policies denied their claims for pandemic-related losses.

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