Only 17% of global losses were insured between 2007 and 2021, with...
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Centre approves Rs 1,816 crore to five states as disaster relief
According to an official statement, the assistance will be provided...
Landslides in Himachal Pradesh increased six times in past 2 yrs: Govt Report
High intensity rainfall coupled with cutting of hill slopes or...
All domestic, international flight operations suspended till 17 May
A DGCA circular further stated, “However, it is reiterated that foreign and domestic airlines shall be suitably informed about the opening of their operations whether international to/from India or domestic respectively in due course.”
Covid-19 Pandemic:Confirmed cases cross 40,000,1,323 dead,record 2,644 new cases detected in last 24 hours
In a significant milestone in its fight against the novel Coronavirus,India has completed over 1 million Covid-19 RT-PCR tests (Reverse Transcription-Polymerase Chain Reaction).According to ICMR, a total of 1046450 samples have been tested as on 03 May 2020, 9 AM IST.RT-PCR is the only diagnostic test for Covid-19 approved by the World Health Organization.India is current carrying out an average of 75,000 tests per day at 419 approved laboratories across the country.
Covid-19 will make life tough for non-life insurers: experts
“The Covid-19 will surely have its negative impact on the Indian non-life insurance industry as the lockdown is expected to continue in one way or other. There will be a drop in the business for the first quarter while improvement is expected in the second quarter of FY 21,” G. Srinivasan,Director, National Insurance Academy and former chairman-cum-managing director, New India Assurance
Asia prepares for everyday life with Covid
As cities in Asia, Australia and elsewhere get their coronavirus outbreaks underneath management, church buildings, faculties, eating places, film theaters and even sporting venues are beginning to open, creating a way of normalcy for individuals who have spent weeks and even months in isolation.
COVID-19 death toll rises to 1,218, cases to 37,336
A total of 66 deaths were reported since Friday evening of which 26 fatalities were reported from Maharashtra, 22 from Gujarat, eight from Madhya Pradesh, four from Rajasthan, two from Delhi and one each from Uttar Pradesh, Bihar, Haryana and Tamil Nadu.
Maharashtra to provide free & cashless health insurance cover to its people
Speaking to reporters after a Maharashtra Day event in Jalna on Friday, Tope said 85 per cent of the state’s population was covered under the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY) at present and the cover will be extended to the remining 15 per cent.A memorandum was signed to include government, semi-government employees and white ration card holders in the scheme in a bid to prevent private hospitals from overcharging patients, he said.
Warren Buffett says the coronavirus cannot stop America, or Berkshire Hathaway
Buffett confirmed that Berkshire in April sold its “entire positions” in the four largest: American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Airlines Holdings Inc.
Trump says evidence ties Covid-19 to Wuhan lab
Washington: As the US recorded more than 2,000 deaths on three consecutive days, President Donald Trump launched a scathing attack on China on Thursday. He said that the World Health Organization should be ashamed of itself, and likened it to a public relations...
Covid-19 Pandemic:US life insurance claims may touch $7.2 bn
The estimate includes costs for policyholders between the ages of 56 and 74, which are projected to reach as much as a combined $4.1 billion for individual and group plans, the researcher said in a study released Thursday. Life insurers are in good shape and should be able to manage surging costs, according to the report’s author, Samantha Chow.
Individual policies would account for 81% of claims, while group plans such as those offered by employers would make up the rest, the Aite study found. Insurers’ main challenge will be how to handle claims as economic hardship spreads, Chow said.
“The biggest issue is going to be that these beneficiaries that are calling after losing a loved one who might have passed as a result of Covid-19 — they’ve incurred a lot of health-care costs,” she said. “They might need the money really quickly in order to survive.”
UK watchdog goes to court to clarify coronavirus business insurance
“This will assist both insurers and the insured. It will not determine how much is payable under individual policies, but will provide the basis for doing so,” the FCA said in a statement on Friday.