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Cyclone Sitrang: IMD issues advisory, suspends offshore activities in north Bay of Bengal
“Due to the cyclonic storm over West Central Bay of Bengal and...
Natural disasters cost global economy over $227 billion till Q3 2022: Aon Cat Report
Michal Lörinc, head of catastrophe insight in Aon’s Impact...
29 insurers launch new standard health products, to cover Covid-19 treatment costs
Besides newly launched ‘Arogya Sanjeevani’ IRDAI has already clarified to the public, that the existing indemnity based health insurance products, that cover the treatment costs of hospitalization offered by all general and health insurance companies,also cover the costs of hospitalization treatment on account of COVID -19.
Germany, credit insurers agree plan to keep trade flowing
Under the plan, the government would guarantee up to 30 billion euros ($32.8 billion) for the commercial credit insurance industry, the sources said.
Caronavirus Pandemic:Govt extends health,motor vehicle insurance validity till April 21
From its side IRDAI has said that the policyholders will be required to pay the renewal premium for the entire period of 12 months from the date it was due, on or before 21st April, 2020.
Caronavirus Pandemic:’Staggered’exit post 21-day lockdown, PM asks states to come up with a plan
In its latest update, the Union Home Ministry put the consolidated nationwide tally at 53 deaths and 2,069 confirmed cases of infection, including 55 foreign nationals.Worldwide, the number of Covid-19 cases has crossed 966,702, and around 49,290 have died
Donald Trump casts doubt on Chinese coronavirus figures
China has publicly reported 82,394 confirmed cases and 3,316 deaths as of Thursday, according to a rolling tracker by Johns Hopkins University.That compares to 216,722 cases and 5.137 deaths in the United States, the country with the world’s largest reported outbreak.
Coronavirus pandemic: Over 95% who died in Europe were over 60: WHO
The U.N. health agency says 10% to 15% of people under 50 with the disease have moderate or severe infection.
“Severe cases of the disease have been seen in people in their teens or 20s with many requiring intensive care and some unfortunately passing away,” Kluge said.
Life-or-Death decisions by hospitals, doctors come with threat of lawsuits
Health care providers may prioritize patients without underlying conditions who are likeliest to make a full recovery, but there’s no national standard for triage. The question of withholding or withdrawing ventilators from the sickest patients is so charged that medical experts have encouraged providers to develop their own guidelines. Like the U.S. pandemic response itself, it’s largely a state-by-state and, to some extent, hospital-by-hospital patchwork.
Insurers worry about D&O claims against executives from Coronavirus
While many classes of insurance, such as business interruption and event cancellation, exclude epidemics, D&O insurance usually provides cover and brokers said this could be a rare avenue for companies to recoup costs triggered by the pandemic.
Global coronavirus cases surpass one million, death toll 52,000
The United States had the most confirmed cases of any country, more than 240,000, the data showed.Since the virus was first recorded in China late last year, the pandemic has spread around the world, prompting governments to close businesses, ground airlines and order hundreds of millions of people to stay at home to try to slow the contagion.
Caronavirus Pandemic:Nationwide lockdown to cost Indian economy $4.64 bn every day: Acuite Ratings
Sankar Chakraborti, CEO, Acuite Ratings & Research, said: “Acuite Ratings estimates that every single day of the nation-wide lockdown will cost the Indian economy almost USD 4.64 billion. Consequently, the 21-day lockdown will result in a loss of GDP of almost USD 98 billion.”
In such a lockdown scenario, the sectors that are most severely impacted are transport, hotel, restaurant, and real estate activities.