Category:

Disaster & Management

Businesses call on U.S. insurers to ditch fossil fuel underwriting

“The insurance industry is underwriting and investing in fossil fuels which we now know are the key drivers of climate change,” they said.”As insurance customers, we are therefore expressing our desire for insurance coverage in the U.S. market that isn’t tied to supporting fossil fuels and actively supports renewable energy.”

U.S. insurers reported almost $7 trillion in cash and invested assets, according to the National Association of Insurance Commissioners.

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GIC Re to manage Rs 75k cr Pandemic Pool,mandatory cover & parametric claim payment:IRDA Panel

Pandemic pool,with public-private-government participation, to cater 4 crore MSME workers,around Rs2000 crores of capacity expected from the industry and a substantial capacity coming from government in the form of backstop. Multiple trigger mechanism will be set separately for an epidemic and a pandemic event.Participation will be mandatory for the sectors which have been covered under the pool. This can be provided as a Standalone Product coverage for the event or as an add-on with the existing products.
“We are now putting the report on the formation of Pandemic Pool for the public feed-back and will soon set up the Pool,” said SC Khuntia, chiarman, IRDAI..

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Global coronavirus cases to soon surpass 30 million: Reuters tally

The official number of global coronavirus cases is now more than five times the number of severe influenza illnesses recorded annually, according to World Health Organization data.

Around the world, there have been almost 1 million deaths, considered a lagging indicator given the two-week incubation period of the virus. That has well exceeded the upper range of 290,000 to 650,000 annual deaths linked to influenza.

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COVID-19 tally in India breaches 48-lakh mark; death toll climbs 79,722

The COVID-19 case fatality rate due to the coronavirus infection has further dropped to 1.64 per cent.

There are 9,86,598 active cases of COVID-19 in the country, while 37,80,107 people have recovered, the data stated.

India’s COVID-19 tally had crossed the 20-lakh mark on August 7, 30 lakh on August 23 and it went past 40 lakh on September 5.

According to the ICMR, a cumulative total of 5,72,39,428 samples have been tested up to September 13 with 9,78,500 samples being tested on Sunday.

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COVID-19: 58% of recovered cases coming from five states

India’s COVID-19 tally of cases mounted to 47,54,356 with 94,372 new infections being reported in a day, while the death toll climbed to 78,586 with 1,114 people succumbing to the infection in a span of 24 hours, the data updated at 8 am showed.

1,114 COVID-19 fatalities have been registered in a span of 24 hours. Maharashtra has reported the maximum number of 391 deaths followed by Karnataka with 94 deaths, whereas Tamil Nadu has reported 76 deaths.

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Restaurant dining linked to COVID-19; severe illness less common with GI symptoms

“Masks cannot be effectively worn while eating and drinking, whereas shopping and numerous other indoor activities do not preclude mask use,” researchers said in the report on Friday in the U.S. Center for Disease Control and Prevention’s Morbidity and Mortality Weekly Report. “Eating and drinking on-site at locations that offer such options might be important risk factors associated with SARS-CoV-2 infection,” they added.

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Vaccine likely in a few months, but life won’t return to normal until end of 2021:Dr. Fauci

“If you’re talking about getting back to a degree of normality which resembles where we were prior to Covid, it’s going to be well into 2021, maybe even towards the end of 2021,” he added.

Nearly 30 U.S. states are reporting downward trends in Covid-19 cases, but the pandemic will likely worsen again, said Fauci, the country’s leading infectious disease expert.

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Puri launches framework for cities to inculcate climate-sensitive approach to urban planning

At a virtual event, after launching ”Climate Smart Cities Assessment Framework 2.0”, Puri said, “It is estimated that climate change will impact the Indian GDP by 2-6 per cent on an annual basis. 

“This means that our future development goals and investments will also be severely affected if we do not address climate risks now.”

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