Around 70 per cent of the funds shall be invested for the...
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Strong earthquake of 6.8 magnitude kills at least 13 in Ecuador, 1 in Peru
The U.S. Geological Survey reported an earthquake with a magnitude...
DDMA discusses preparedness for earthquake, prevailing H3N2 Flu situation
The Delhi Lt. Governor asked for retrofitting of all schools,...
France drafting future insurance backstop for pandemics
A working group set up by French Finance Minister Bruno Le Maire, which includes lawmakers, business lobbies, France’s insurance association and public reinsurer CCR, is examining further insurance options to cover events like pandemics – and aims to put forward proposals by the first half of June, Axa’s Renaud Guidee told Reuters.
Swiss Re swings to 1st-qtr loss as Covid-19 Pandemic bites
Meanwhile,Joachim Wenning,chief executive,Munich Re,said the short- and long-term costs of the coronavirus pandemic are significant but his company is economically fit as it deals with it, the company’s said Wednesday.
COVID-19 death toll rises to 1,074; cases 33,050,MHA allows stranded to return home
MHA guidelines for movement of stranded persons
-States/UTs to appoint nodal authorities and develop standard protocol for receiving and sending persons
-All stranded persons are to be registered with the sending and receiving states
-In case of inter-state movement of such persons, consult each other and mutually agree to the movement by road
IRDA asks general insurers to guide India Inc on managing their “Property Policies”post lockdown
“The general insurers have been advised by the IRDAI to inform the policyholders of how the relevant clause(s) would apply beyond 3rd May, 2020 in all policies and what action is needed by the policyholders to avail of uninterrupted coverage,’’ said IRDAI on Thursday..
Top insurers face lawsuit from UK hospitality sector on rejected biz interruption claims
Any successful claim will hinge partly on whether the lockdown triggers a clause in business interruption policies designed for insured premises that cannot be used because of restrictions imposed by a public authority, experts say.
The Financial Conduct Authority (FCA) said earlier this month that most insurance policies bought by smaller British companies do not cover the coronavirus-related disruption, but that those that do should pay out quickly.
Insurers promote Federal Pandemic Insurance Plan to Congress
About 40% of small businesses have business interruption coverage, according to the Insurance Information Institute, an industry trade group.
While these policies may cover revenue losses from hurricane damage, lightning strikes or cars crashing into buildings, they either exclude or do not specifically cover a global pandemic, however much it may interrupt business.
India’s Serum Institute to make millions of potential coronavirus vaccine doses
While the Oxford vaccine, called “ChAdOx1 nCoV-19”, is yet to be proven to work against COVID-19, Serum decided to start manufacturing it as it had shown success in animal trials and had progressed to tests on humans, Serum Chief Executive Adar Poonawalla said.
U.S. coronavirus deaths surpass Vietnam War toll as Florida readies reopening plan
As further evidence that caution may still be in order, an influential University of Washington research model often cited by White House officials and public health officials revised its projected U.S. coronavirus death toll upwards on Tuesday to more than 74,000 by Aug. 4, against its previous forecast of 67,000.
The model showed that while most states appeared to have reached the crest of the pandemic, seven others including Mississippi, Texas, Utah and Hawaii, may be just peaking now or in the coming weeks.
Coronavirus Pandemic:Cases rise to 31787 ,death toll at 1008
Highlighting India’s approach in combating COVID-19,Union Health Minister Dr Harsh Vardhan said,“This time the hallmark of our approach has been fivefold: Maintaining a continuous situation awareness; Pre-emptive and proactive approach; Graded response as per continuously evolving scenario; Inter-sectoral coordination at all levels; and lastly, but most importantly creating a people’s movement to combat this disease.
The home ministry in a tweet has communicated that new guidelines to fight the coronavirus pandemic shall come into effect from May 4. The guidelines will give considerable relaxations to districts that have done well to combat the virus so far.
42% Chief Financial Officers unprepared for second wave of coronavirus worldwide
“As CFOs are attempting to project revenue and profits for 2020, it’s surprising that 42 per cent are not baking a second wave of COVID-19 into any of their scenarios” said Alexander Bant, practice vice president, research, for the Gartner Finance practice on Monday.