Michal Lörinc, head of catastrophe insight in Aon’s Impact...
Category:
Disaster & Management
Latest
Hurricane Ian fallout will test Cat Bond investor appetite
Cat bonds are approximately 30% of the ILS market. Commentary from...
Australian banks may have to rethink mortgages in risk areas -NAB
Ross McEwan, chief executive officer of National Australia Bank Ltd...
Test that can detect coronavirus in 5 minutes; courtesy Abbott Labs
The test starts with taking a swab from the nose or the back of the throat, then mixing it with a chemical solution that breaks open the virus and releases its RNA. The mixture is inserted into an ID Now system, a small box weighing just under 7 pounds that has the technology to identify and amplify select sequences of the coronavirus genome and ignore contamination from other viruses.
Slashed interest rate needs quick transmission: FM
The three-month moratorium on payments of term loan instalments (EMI) and interest on working capital give much-desired relief, said Finance Minister Nirmala Sitharaman .
India proposes online platform for SAARC to jointly combat coronavirus
The Indian side proposed that till the electronic platform is fully operational, a network of experts representing the health services of all SAARC countries may set up on email/whatsapp to enable exchange of all relevant information on real time basis.
Pressure mounts on U.S. insurers to pay pandemic business loss claims
This week Ohio and Massachusetts lawmakers introduced bills similar to one in New Jersey which would require insurers to pay the claims, mainly to small businesses, despite exclusions.
Insurers could then seek reimbursement from states, which would recoup the funds by assessing industry fees.
India’s chaotic cities turn eerily silent as coronavirus fears grow
But millions more are still stuck as all railway movement across the country has been halted. The government announced an US$22 billion (S$31 billion) relief package on Thursday, but the terror is palpable as families sit huddled under flyovers and near bus stops unsure of what happens next. Local media have reported thousands of people are simply walking hundreds of kilometres toward their villages, clutching their children and meagre belongings.
Caronavirus Pandemic:EMIs put on hold for 3 moths, big-bang interest rate cut as RBI joins fight against coronavirus
All commercial, regional, rural, NBFCs and small finance banks are being permitted to allow 3-month moratorium on payment of installments in respect of all term loan EMIs outstanding on March 31,” said RBI
Coronavirus Pandemic: DGCA extends ban on international flights till April 14
The total number of coronavirus cases in India has climbed to 724 today. More than 85 cases were reported from the various parts of the country on Thursday — highest official single-day count so far. Out of the total patients, 677 are Indians and 47 are foreign nationals.
Coronavirus cases rising, but rate is relatively stable: Health ministry
The total number of coronavirus cases in India has climbed to 724 today. More than 85 cases were reported from the various parts of the country on Thursday — highest official single-day count so far. Out of the total patients, 677 are Indians and 47 are foreign nationals.
U.S. has most coronavirus cases in world, next wave aimed at Louisiana
The U.S. Labor Department reported Thursday the number of Americans filing claims for unemployment benefits last week soared to a record of nearly 3.28 million – almost five times the previous weekly peak of 695,000 during the 1982 recession.
Insurance for pandemics would require state help: British trade body
UK travel insurers will pay out a record 275 million pounds ($341.30 million) in coronavirus claims, the ABI added in its response to the committee.