Record monsoon rains and glacial melt in northern Pakistan...
Category:
Disaster & Management
Latest
Super typhoon Nanmadol bears down on Japan’s Kyushu island
Railway operators and airlines have cancelled services and...
Pakistan facing risk of fresh floods, more deaths as toll crosses 1,500
“The economic impact of the floods is a major source of concern for...
Around 84pc working professionals hit by coronavirus outbreak: Report
“A vast majority of urban Indian working professionals claim the Coronavirus has impacted their business. Although cancelled or delayed business trips emerged as the most visible initial impact of the virus, declining sales are expected to be the greatest commercial woe in the future, ” the report highlighted.
Casino gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL
The Chickasaw lawsuit is the second in more than a week in which a business has asked a court to declare that the coronavirus is a type of “direct physical loss or damage” that would require insurers to pay for lost revenue.
As Coronavirus threatens gig workers, Uber presses for new worker classification
Uber Chief Executive Dara Khosrowshahi on Monday urged U.S. legislators to use the current crisis as an opportunity to implement changes to existing employment law by creating what the company calls a “third way” in between employment and contractor status.
Willis Towers Watson develops new feature for tracking pandemic cases against P&C clients’ global assets
“Asia is at a more advanced phase of the COVID-19 pandemic. After months of managing the outbreak and impact of the coronavirus here, there are encouraging indications that some countries in the region are controlling the spread of the virus, whilst others are showing signs that they are commencing the recovery process. This presents an opportunity for organisations to track the receding virus in these geographies and commence planning for the resumption of business operations as soon as it is practical. The new COVID-19 feature in the tool will be beneficial in assisting our clients and facilitate this process,” added Vince Mossfield, Liability Practice Head, Risk & Analytics Asia, Willis Towers Watson.
Caronavirus Pandemic:Sitharaman unveils Rs1.7 trillion economic package for poor,Rs 50 lakh insurance cover for health care professionals
“There will be Rs 50 lakh insurance per health care worker as a medical insurance cover for them for three months. Hopefully, we would be able to contain the virus in this period,” said Sitharaman.
Number of coronavirus cases 649 in India, death toll 13: Health Ministry
Maharashtra has reported the highest number of COVID-19 cases so far at 124, including three foreign nationals, followed by Kerala, where the number of cases has climbed up to 118, including eight foreign nationals, according to the ministry data.
India’s huge outsourcing industry struggles with work-from-home scenario
“The industry has been scrambling to set up its own business continuity plan,” said R. Chandrashekhar, a retired federal government official and a former president of India’s IT services lobby group, NASSCOM.
Life insurers keep faith in India stocks amid coronavirus mayhem
“The fair value of a quality stock doesn’t change due to a few quarters of earnings downgrades,” said Saibal Ghosh, chief investment officer at Aegon Life Insurance. “At such attractive valuations, this is where we would like to bet our money,” he said.
Coronavirus Pandemic: Experts peg lockdown cost at $ 120 billion
“We estimate that the cumulative shutdown cost around USD120 billion or 4 per cent of the gross domestic product (GDP),” British brokerage Barclays said in a note, revising down its FY21 growth forecast by 1.7 percentage points to 3.5 per cent.
It specified the cost of the three-week nationwide lockdown to be alone at USD 90 billion, which is over and above the lockdowns announced by various states like Maharashtra earlier.
China’s symptom-free coronavirus carriers raise fears of new wave of infections
Despite recording zero new infections from March 18 to March 22, the COVID-19 hotspot city of Wuhan disclosed on March 20 that one newly diagnosed case was not included in the official data because the patient, a 62-year old man surnamed Zhang had shown no symptoms.