As many as 13 people died, including one rescuer, after the...
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Above-average global natural catastrophe insured losses reach estimated $52 billion in H1 2023: Gallagher Re
For all perils, the US accounted for 76% of all global insured...
Higher losses during disasters due to abysmally low insurance cover of 8%: SBI Report
The losses due to the ongoing floods in the north is the range of...
Sun Pharma to test pancreatitis drug in COVID-19 patients in India
Sun Pharma said here the pancreatitis drug, nafamostat mesilate, has been “identified as a potential candidate for COVID-19 patients by scientists at University of Tokyo and Leibniz Institute for Primate Research, Germany”.
16 domestic flight passengers of 3 airlines test positive for COVID-19
A total of 12 asymptomatic passengers, who travelled onboard four flights operated by domestic carrier IndiGo have tested positive for COVID-19, the airline said on May 28
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
Inside a COVID-19 hospital in India, doctors see no end in sight
NEW DELHI: It was barely noon on Thursday when the metal doors of the mortuary at a hospital in south New Delhi swung open and staff in white coveralls rolled out a stretcher. Mourning relatives looked on, as a body bag was loaded into an ambulance and taken away to a...
NY Stock Exchange traders, staff sign liability waivers for reopening
The 100 or so traders, regulatory and operational staff who headed into the building were told to avoid public transportation and were screened for signs of the virus at the door, where they had to sign a liability waiver.
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.
Global airline industry struggle to stay afloat
Strict international travel restrictions have been put in place, people are worried about flying, and thousands of airline workers are at risk of losing their jobs.Most of the major global airlines say they’re in desperate need of financial relief or the industry might be at risk of collapsing.
Identify private hospitals to treat COVID-19 patients for free or at nominal cost: SC to Centre
“They have been given land either free of cost or at a very nominal rates. These charitable hospitals should treat patients for free,” the bench observed and posted the matter for hearing after one week.
COVID-19 pandemic creating ‘lockdown generation’ as one in six youths stop work:UN
ILO has said that it does not have enough data to determine the overall youth unemployment rate since the coronavirus pandemic began. But, in a survey of people aged 29 and under, the organisation found that worldwide, more than 17 percent of youth had been forced to stop working due to the crisis. And those who have continued to work have had working hours cut, on an average, by 23 percent.
Pandemic forces virtual safety checks for oil tankers
With an estimated 160 million barrels of surplus oil being kept onboard dozens of tankers because on-land storage is full, the situation is pressing.
If restrictions on access to ships stay in place towards the final quarter of the year, tankers may be unable to store oil or sail until repairs can be carried out. This could drive up freight rates for shipping and storage, as fewer vessels will be seaworthy.