The chaos over the past few days has raised questions over poor...
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Industry headwinds fail to dampen ILS Success, Aon Report
The study reveals that ILS capital remained relatively stable at...
Floods in Pakistan cause economic loss to the tune of USD 12.5 billion
Poverty and unemployment will go up manifold from 21.9 per cent to...
Imports of medical supplies plummet as demand in US soars
Trade policies haven’t helped. Tariffs on medical supplies made them more expensive, and they were only lifted March 5, even though health care associations asked the administration last year to exempt items like masks, gloves and gowns. And now countries including South Korea, India and Taiwan are blocking exports of medical supplies to save them for their own citizens, leaving the U.S. with fewer options.
Millions could die if virus allowed to spread unchecked: UN chief Antonio Guterres
“The health catastrophe makes clear that we are only as strong as the weakest health system,” said UN Secretary-General Antonio Guterres
US life insurers go slow on new policies to limit Coronavirus risk
Credit ratings firms AM Best and Fitch Ratings this week revised their outlooks for U.S. life insurers from stable to negative as the global economic meltdown rattle U.S. life insurers
An historic stock market slump and interest rate cuts will pressure life insurers’ earnings, reserves and capital, Fitch said on Tuesday.
Star Health launches coronavirus cover without travel history exclusions
The Star Novel Coronavirus policy is available under two sum insured options of Rs. 21,000 and Rs. 42,000 at premiums of Rs. 459 plus GST and Rs. 918 plus GST respectively. Anyone up to the age of 65 years can purchase the policy online at www.starhealth.in or through the company’s vast network of insurance agents, and without having to undergo any pre-medical screening.
Novel coronavirus cases climb to 223 in India
“The total number of active COVID-19 cases across India stands at 196 so far,” the ministry said, adding that 23 others have been cured/discharged/migrated while four have died.
Curbing Coronavirus: Maha goes for partial lock down, closes private offices,shops in Mumbai till Mar 31
Groceries, milk centres, pharmacies and banks are exempt from the restrictions which come into effect from today midnight.
Coronavirus Check : Over 50% of India Inc sees impact on ops, 80% witness fall in cash flow
“Besides the direct impact on demand and supply of goods and services, businesses are also facing reduced cash flows due to slowing economic activity, which in turn is having an impact on all payments including to those for employees, interest, loan repayments and taxes,” it said.
Sri Lanka imposes curfew as South Asia steps up coronavirus battle
South Asia appears to have been less hard hit than elsewhere in the world but the rate of new infections in Pakistan, India and Sri Lanka is accelerating with the total across South Asia passing 800. Seven people have died.
Officials worry that these countries could prove especially in danger due to poor health facilities and infrastructure in much of the region. The virus has already infected more than 245,000 people worldwide and killed more than 10,000.
China’s imported coronavirus cases jump as students, expats flock home
The total number of confirmed cases in mainland China stood at 81,008 at the end of Friday, the health authority said. The death toll was 3,255, up by seven, a much slower rate than at the height of the crisis.
The lack of locally transmitted cases for the third day running underscored a recovery that has prompted officials to relax restrictions, even in the virus epicentre of Wuhan, which was responsible for all seven new deaths.
Stay-at-home orders in major states mark next phase of U.S. coronavirus crisis
The pandemic that has swept the globe has also shattered lifestyles across much of the United States in the past week, shuttering schools and businesses, prompting millions to work from home, forcing many out of jobs and curtailing travel.