Category:

Disaster & Management

General insurers receive 900 Covid-19 claims for Rs 18 cr

The general insurance companies have received 900 claims for over Rs 17 crore for Covid-19 treatment till Monday,according the General Insurance Council, the official representative body of the domestic general insurers.

Maharashtra at around 450 claims for about Rs 8 crore have remained at the top of the claim chart. The city of Mumbai itself has generated around 350 claims for around Rs 4 crore.

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African swine fever detected in India for 1st time; 2,500 pigs die in Assam

“The National Institute of High Security Animal Diseases (NIHSAD), Bhopal, has confirmed that it is African Swine Fever (ASF). The Central government has informed us that it is the first instance of the disease in the country,” Animal Husbandry Minister Atul Bora said.

While swine flu can spread from animals to humans, swine fever does not, and therefore is not a public health threat.

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Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs

Losses could exceed $500 billion if state lawmakers require insurers to cover business-interruption claims for pandemic losses, former CNA Financial Corp Chief Executive Dennis Chookaszian told Reuters. Most policies exclude that risk, but insurers are facing lawsuits over it and eight U.S. states are considering laws to retroactively make insurers pay such claims.

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Trump order to buy U.S.-made medical supplies coming soon: Navarro

U.S. President Donald Trump’s trade adviser Peter Navarro’s proposed order has met strong resistance from business leaders and current and former officials, who argued that acting to curb imports could prompt China to curb urgently needed shipments of N95 masks and other protective equipment. The initial proposal was revised slightly but is still going through an interagency review process, according to the officials.

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Gallagher launches Pandemic group insurance product for India’s Front-Line Workforce

“Insurance products generally exclude pandemics, epidemics and infectious disease management in a commercial environment. As such, a COVID-19 specific solution for the India market presents a practical solution for the business community and our clients, and we are delighted to be able to reach this point,” Wade concluded.

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Trump administration pushing to rip global supply chains from China: officials

“We’ve been working on [reducing the reliance of our supply chains in China] over the last few years but we are now turbo-charging that initiative,” Keith Krach, undersecretary for Economic Growth, Energy and the Environment at the U.S. State Department told Reuters.

The pandemic has highlighted China’s key role in the supply chain for generic drugs here that account for the majority of prescriptions in the United States. It has also shown China’s dominance in goods like here the thermal cameras needed to test workers for fevers, and its importance in food supplies.

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Global coronavirus cases surpass 3.5 million amid underreporting fears

Globally, there were 74,779 new cases over the past 24 hours, according to the Reuters tally that is based on official government data, taking total cases to around 3.52 million.

“We could easily have a second or a third wave because a lot of places aren’t immune,” Collignon said, noting the world was well short of herd immunity, which requires around 60% of the population to have recovered from the disease.Peter Collignon, an infectious diseases physician and microbiologist at Canberra Hospital, told Reuters

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