Prime Minister Chris Hipkins said there had been a nine-fold...
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Chile readies major earthquake insurance with World Bank
“The insurance would allow Chile to receive pre-established...
Turkey Earthquakes: Total insured losses likely to exceed $5 billion,Moody’s RMS
Economic losses from the moment magnitude (Mw) Mw7.8 and Mw7.5...
Robots are playing many roles in the coronavirus crisis – and offering lessons for future disasters
Research laboratories and startups are creating new robots, including one designed to allow health care workers to remotely take blood samples and perform mouth swabs. These prototypes are unlikely to make a difference now. However, the robots under development could make a difference in future disasters if momentum for robotics research continues.
Insurers Hiscox and Beazley expect COVID-19 claims of up to $345 million
Hiscox said it expected to pay up to $175 million to settle claims if disruption from the COVID-19 pandemic that has put billions of people on lockdown lasts more than six months.That sum would decrease to up to $150 million if the disruption lasted six months or less.
U.S. unemployment waves keep hitting with millions more claims
The massive government stimulus package provides an extra $600 per week in unemployment benefits and expanded coverage to self-employed and other “gig” workers, presenting additional challenges for the states. Providing the additional aid has been wrought with technical issues and increased the number of applications flowing in.
Car insurers should repay premiums,British lawmakers say
Major U.S. motor insurers are offering credit to auto and motorcycle policy holders following a decline in driving, as most Americans stay at home under widespread orders to help contain the spread of the novel coronavirus.
U.S. coronavirus deaths top 47,000 after near-record increase on previous day
The United States has by far the world’s largest number of confirmed coronavirus cases at over 830,000. Cases rose 20,000 so far on Wednesday and were on track to continue the slow but steady decline seen throughout April.
Death toll due to COVID-19 touches 645; cases rise to 20,178,government plans countrywide survey
In addition to keeping a track of all citizens with the Arogya Setu app, the Indian government has now decided it will call up every mobile number in the country and conduct a survey regarding the pandemic. Details about the nature of the survey are not immediately clear
Caronavirus Pandemic:Over 154 crore students severely impacted by closure of educational institutions across the world
“Particularly for women and girls in countries where limited social protection measures are in place, economic hardships caused by the crisis will have spill-over effects as families consider the financial and opportunity costs of educating their daughters. While many girls will continue with their education once the school gates reopen, others will never return to school,” Stefania Giannini, UNESCO’s Assistant Director-General for Education said.
Hydroxychloroquine not effective against COVID-19: Study
“Hydroxychloroquine use with or without co-administration of azithromycin did not improve mortality or reduce the need for mechanical ventilation in hospitalised patients,” the scientists wrote in the study.
On the contrary, they said, hydroxychloroquine use alone was associated with an increased risk of death compared to standard care alone.
Global CEOs see U-shaped recession, fear death of some brands: Study
Business leaders in the hospitality and restaurant sectors were the most vulnerable with 41% of executives saying their firms were at risk of not surviving, while 30 per cent in aviation and 19 per cent in wholesale and retail sales feared they may go under, the survey found.
Almost two-thirds of business leaders forecast a negative impact on earnings to continue for more than a year, while a quarter expect their workforce to be down by more than 20 per cent a year from now.
COVID-19: Govt proposes tough law to ensure safety of healthcare professionals
The Union Cabinet on Wednesday approved an ordinance, making acts of violence and harassment against healthcare personnel deployed in combating COVID-19 a non-bailable offence with maximum punishment of seven years imprisonment and Rs 5 lakh fine.