According to the statement, the Bangladeshi government has...
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Australian flood: Insurers receive 8,415 claims for almost $100 million
There are 84 per cent property, 14 per cent motor and two per cent...
Assam floods damaged 30,000 to 40,000 houses, says CM Himanta
Later, talking to journalists, Sarma said since Assam's flood has...
China non-life insurers see big drop in car accident claims in Coronavirus silver lining
Motor insurance accounts for about three quarters of Chinese non-life insurers’ business while health insurance – where virus-related claims would fall under – accounts for less than 5%, according to Swiss Re.
In contrast, for the non-life insurance sector globally, motor and health insurance each account for about a third of premiums.
Wall Street jumps after worst day since 1987 over hopes of fiscal easing
What we’re headed for is a market that should begin to settle down (with) investors now expecting the government to get the economic plan in place and get it into law,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Coronavirus hits politicians, sports and showbiz stars as it spreads across globe
Just five new cases were reported on Friday in the provincial capital of Wuhan, where the virus was first detected in December, and no locally transmitted infections were reported in the rest of China.
Mayhem on D-Street wipes off investor wealth worth over Rs 8 trillion
The equity selloff intensified after the World Health Organization (WHO), late Wednesday night, termed the the new coronavirus outbreak as a pandemic, and expressed deep concern over the “alarming levels of inaction”.
Australia faces worsening bushfires without climate change action: Report
“If we fail to take strong action to rapidly phase out coal, oil and gas as part of a global effort, the impacts of climate change, including worsening extreme weather, will continue to escalate,” the report said. “Further denial and delay in taking action on emissions guarantees a worsening of disasters into the future.”
Coronavirus case count touches 73 in India
While the Union ministry maintained that there are two confirmed cases of the infection in Maharashtra, the state health officials put the number to seven.Rajasthan, Telangana, Tamil Nadu, Jammu and Kashmir and Punjab have reported one case each, the ministry said, adding Kerala has till now reported 17 cases, including the three patients who were discharged last month following recovery.
Insurers face big investment losses, Trade Credit claims from Coronavirus crisis
Coface chief executive Xavier Durand told analysts two weeks ago that hotels and airlines in Asia would feel the worst impact, while Euler Hermes saw coronavirus costing $320 billion of trade losses every quarter this year.
Lloyd’s of London to shut market for a day on Friday – CEO Lloyd’s
The decision to shut the so-called “underwriting room”, which is used by nearly 50,000 employees in the Lloyd’s of London market, comes after the coronavirus epidemic was officially classed as a pandemic, with cases in Europe and the United States and government responses rising.
76-yr-old Karnataka man becomes India’s first COVID-19 death
The state has already reported five confirmed COVID-19 cases. A 26-year-old man who returned from Greece tested positive for coronavirus, making it the fifth case, the health department said on Thursday.
‘People are terrified’: Daily life on hold as Americans face coronavirus threat
Analysts say the virus risks plunging the world’s largest economy into recession as people put their lives on hold – canceling travel plans, staying home and steering clear of restaurants, movie theaters and other public spaces.