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Hurricane Ian drives global Nat Cat insured losses to $115 billion in 2022: Swiss Re
2022 is the second consecutive year in which the estimated insured...
UN appeals for record $51.5 billion to help 230 million on the brink in 2023
At least “222 million people … will face acute food insecurity in...
COVID-19 crisis can push 40 cr informal sector workers in India deeper into poverty: ILO
According to the new study, 1.25 billion workers are employed in the sectors identified as being at high risk of “drastic and devastating” increases in layoffs and reductions in wages and working hours. Many are in low-paid, low-skilled jobs, where a sudden loss of income is devastating.
Looked at regionally, the proportion of workers in these “at risk” sectors varies from 41 per cent in the Americas to 26 per cent in Asia and the Pacific.
90% of trucks in India are now off roads amid coronavirus lockdown
The world could be on the brink a food scare as the coronavirus upends supply chains and sends prices for key staples higher. Prices of rice and wheat — crops that account for a third of the world’s calories — are rapidly climbing.
Caronavirus Pandemic:India cases rise to 5,360; death toll at 164
The total number of coronavirus cases in India today hit the 5,000 mark, according to the latest figures from the Health Ministry. With 1,018 cases, Maharashtra was the worst hit state, followed by Tamil Nadu at 690 and Delhi at 576, Telangana at Telangana 364 and Kerala at 336 India
China’s Wuhan lockdown ends, but another begins as local coronavirus cases rise
Asymptomatic patients and imported infections have become China’s chief concern.
Mainland China’s new coronavirus cases doubled in 24 hours as the number of infected overseas travellers surged, and new asymptomatic infections more than quadrupled.
Climate-change effects to drive rising losses from severe weather events:Sigma study
Worldwide, economic losses from natural and man-made disasters in 2019 were USD 146 billion, lower than USD 176 billion in 2018 and the previous 10-year annual average of USD 212 billion. The global insurance industry covered USD 60 billion of the losses, compared with USD 93 billion in 2018 and USD 75 billion on average in the previous 10 years.
“To uphold the insurance risk transfer model as a powerful tool to foster resilience, insurers need to adapt before, not post events,” Martin Bertogg, Head of Catastrophe Perils at Swiss Re said. “To this end, insurers should be wary of historical loss records in understanding today’s state of the socio-economic environment and climate. Averaging out over a past spanning multiple decades can lead to distorted risk assessment.”
IRDA allows 3 months moratorium on repayment of term loans sanctioned by insurers
IRDAI has allowed insurers to grant a moratorium of three months towards payment of instalments falling due between 1st March, 2020 and 31st May, 2020. The repayment schedule for such loans and also the residual tenor, will be shifted across the board by three months subsequent to the moratorium period.
SC asks Centre to make COVID-19 tests in pvt labs free of cost
“We, thus, issue following interim directions to the respondents: (i)The tests relating to Covid-19 whether in approved Government Laboratories or approved private Laboratories shall be free of cost. The respondents (Centre and other authorities) shall issue necessary direction in this regard immediately,” the bench said.
Doctors, healthcare workers are warriors, have to be protected, SC tells Centre
“They (doctors and healthcare professionals) are warriors. They have to be protected,” the bench observed, adding, “You have to think how to start production. Service sector is working from home. Their well being and mental health is also important”.
Lockdown won’t be lifted in one go, PM Modi hints at all-party meeting
The meet comes amidst indications that the Central government may extend the lockdown across the country beyond April 14 after several states have favoured the extension to contain the fast-spreading virus, as the positive cases in the country show no signs of any let up.
China sees slight rise in new coronavirus infections as imported cases jump
China reported 63 new cases on Wednesday, up from 62 a day earlier, the National Health Commission said.Of those, 61 involved travellers arriving from overseas, the health authority said on Thursday, the most since March 25.That brings the total number of confirmed cases in mainland China to 81,865.