“Due to the cyclonic storm over West Central Bay of Bengal and...
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Natural disasters cost global economy over $227 billion till Q3 2022: Aon Cat Report
Michal Lörinc, head of catastrophe insight in Aon’s Impact...
Hurricane Ian fallout will test Cat Bond investor appetite
Cat bonds are approximately 30% of the ILS market. Commentary from...
EU states step in where trade credit insurers fear to tread
Without insurance, companies can be reluctant to buy or sell goods or services to others, with a rise in insolvencies expected among European firms forced to halt operations due to lockdowns aimed at slowing the coronavirus pandemic’s spread.
Atradius, which like rivals Coface and Euler Hermes sells protection to companies against the risk of default by their customers, forecasts a 2.1% rise in insolvencies in western Europe this year, compared with a 0.2% fall in 2019.
Coronavirus: Keep a check on your behavioural changes during Covid-19 pandemic
One needs to cope up with the stress to make yourself and the people you care about stronger. Each individual reacts differently to a stressful situation. Besides these virus fear, there are various other factors that can lead to stress. Dr Anju Sharma, psychiatrist and founder of the Musical Healing Band named “Sound of Infinity”, shares few things to keep in mind while spending time with your loved ones.
Caronaviris Pandemic : Recession for world economy; India, China likely exceptions: UN
“Even so, the world economy will go into recession this year with a predicted loss of global income in trillions of dollars. This will spell serious trouble for developing countries, with the likely exception of China and the possible exception of India,” the UNCTAD said.
China delays college entrance exam as fears grow over risk of coronavirus second wave
Last week, a study in British medical journal the Lancet Public Health recommended that China extend school and workplace closures, since an earlier relaxation of curbs could bring a second peak in the outbreak by August.
Trump says coronavirus guidelines may get tougher; 1 million Americans tested
President Donald Trump said on Monday that federal social distancing guidelines might be toughened and travel restrictions with China and Europe would stay in place as he urged Americans to help fight the coronavirus with tough measures through April.Trump, speaking to reporters at the White House, said more than 1 million Americans had been tested for the coronavirus, which he called a milestone.
Indian doctors fight coronavirus with raincoats, helmets amid lack of equipment
The plight of doctors in the pandemic has cast a light on a dilapidated and overburdened public health system that has for years been starved of funds and an overhaul. India spends about 1.3% of its GDP on public health, among the lowest in the world.
LIC & GIC Re contribute Rs127cr to PM CARES Fund for COVID-19 relief
M R Kumar, chairman, said, “India is facing a huge challenge in wake of the global pandemic which is unprecedented in its severity. LIC is committed to the welfare of India and her people
“$35-bn liability in June quarter over COVID-19: Airlines” body
“On top of unavoidable costs, airlines are faced with refunding sold but unused tickets as a result of massive cancellations resulting from government-imposed restrictions on travel. The second quarter liability for these is a colossal $35 billion. Cash burn will be severe,” the International Air Transport Association (IATA) said on Tuesday.
Covid -19 claims to hit Munich Re’s Q1 profitability
Malaria medicine ‘Hydroxychloroquine’ being administered to 1,100 COVID19 patients in NY: Trump
An inexpensive drug widely used since 1955 to treat malaria, Hydroxychloroquine is considered to have relatively harmless side effects. It is being tested out on the COVID-19 patients in New York on an experimental basis, hoping that this will give a solution in the treatment against the novel coronavirus.