Sukhvinder Singh Sukhu,Chief Minister, Himachal Pradesh The Chief...
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Two more hotels lean towards each other in Joshimath, cracks widen at many places
Many houses were damaged in varying degrees in the land-subsidence...
CSIR lab proposes disaster resilient model town for people displaced from Joshimath
The Roorkee-based institute of the Council of Scientific and...
Doubling rate of COVID-19 cases in India reduced with imposition of lockdown: Health Ministry
The number of novel coronavirus cases in India rose by 1,007 and 23 deaths were reported in 24 hours, taking the tally of total infections to 13,387 and fatalities to 437, the joint secretary in the health ministry said, adding 1,749 people have been cured of the infection so far, which is 13.06 per cent of the total patients
Wary of public transport, coronavirus-hit Americans turn to bikes
The government has declared bicycles an essential transportation item, so many bike shops remain open despite the widespread business shutdown. Many, though, have modified how they operate, no longer letting buyers test bikes and handing them over on the curb rather than inside the store.
Swiss Re can manage Covid-19 crisis,chairman
Swiss Re’s Chairman Walter B. Kielholz said“Despite the current circumstances, business is running without interruptions at Swiss Re as we continue to handle claims, renew contracts,share our knowledge and innovate. While at this point we assess the financial impact of the current crisis on Swiss Re as absolutely manageable, we run our business and allocate capital with the prudence that current volatility calls for.”
Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Insurance Industry
Greenberg said that a potential way to handle pandemic risks in the future would be to create a public-private partnership, where insurers could start covering that risk for a proper price and the government could take on the tail-risk exposure. That model would echo efforts by the government and insurance industry to deal with terrorism risks after the Sept. 11, 2001, attacks.He cautioned, however, that affordability would become a major question. Insurers will need to set prices to appropriately account for the heightened risk, but that could mean policyholders might shy away from coverage because of the higher cost.
Health and motor insurance renewal date further extended till May 15
“With a view to mitigate hardship to policyholders whose health&motor (3rd party) insurance policies are due for renewal during lockdown, Govt. has issued a notification allowing policyholders to make payments on or before 15.05.2020 towards renewal of their policies,” said Finance Minister N Sitharaman .
Hiscox says UK lockdown not covered under business interruption policy
The insurer said its “realistic disaster scenario” estimates a net loss of $175 million due to a global pandemic, mainly from losses on event cancellation, entertainment and travel insurance.
China says WHO has said no evidence coronavirus was made in a lab
U.S. President Donald Trump said on Wednesday his government is trying to determine whether the coronavirus emanated from a lab in Wuhan, China, and Secretary of State Mike Pompeo said Beijing “needs to come clean” on what they know.
Pandemic to bring Asia’s 2020 growth to halt for first time in 60 years: IMF
Policymakers must offer targeted support to households and firms hardest-hit by travel bans, social distancing policies and other measures aimed at containing the pandemic, said Changyong Rhee, director of the IMF’s Asia and Pacific Department.
Death toll due to COVID-19 touches 414; cases climb to 12,380
Twenty-two deaths were reported since Wednesday evening, the ministry said in its updated data.Nine fatalities were reported from Maharashtra, five from Andhra Pradesh, three from Gujarat, two each from Delhi and Tamil Nadu and one from Karnataka, it added.Of the total 414 deaths, Maharashtra tops the tally with 187 fatalities, followed by Madhya Pradesh at 53, Gujarat at 33, Delhi at 32 and Telengana at 18,Tamil Nadu and Andhra Pradesh have reported 14 fatalities each.
PM Modi reviews impact of COVID-19 on economy; 2nd stimulus in consideration
The pandemic and consequent lockdown have hit various sectors, including MSME, hospitality, civil aviation, agriculture and allied sector.
The government constituted an empowered group – headed by Economic Affairs Secretary Atanu Chakraborty – which is entrusted with the task of suggesting measures that can bring back economy back on track quickly post the lockdown.