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Hindu marriage not valid unless performed with requisite customs, says SC
"We deprecate the practice of young men and women seeking to...
DUAL launches new capability in title insurance in Australia & New Zealand
The primary focus will be (i) real estate transactions involving...
AIA pares coal investments, faces environment group scrutiny
The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power producers earlier this year, according to an emailed statement Tuesday.
India’s COVID-19 caseload goes past 92 lakh; no. of active cases increases by 6,079
The number of people who have recuperated from the disease surged to 86,42,771, pushing the national recovery rate to 93.72 per cent, while the COVID-19 case fatality rate stands at 1.46 per cent.
SCOR CEO sees double-digit reinsurance rate rises
“All conditions are met today for rate increases,” he said.
Kessler said the cost of the pandemic was mostly already accounted for in the reinsurer’s previously published loss estimates. If there was a third wave the company would revise its assumptions, he added.
Cost of one dose of the Sputnik V vaccine will be less than $10 for international markets
The uniqueness of the Russian vaccine lies in the use of two different vectors based on the human adenovirus, which allows for a stronger and longer-term immune response as compared to vaccines using one and same vector for two doses.
Cyclone Nivar: Chennai airport to remain closed till Thursday morning
“As a measure of safety and precaution, the Chennai Airport has been temporarily closed from 1900 to 0700 hrs IST due to the bad weather conditions caused by Cyclone Nivar. Due coordination was done with all stakeholders,” the Civil Aviation Ministry said on Twitter.
Covid passports seen as key to resuming international travel
A test program will begin with British Airways parent IAG SA this year before arriving on Apple Inc. devices in the first quarter of 2021 and Android from April, IATA said. Travelers will be able to share their status with border authorities or present a QR code for scanning.
“We need to have global rules and standards” on measures like rapid testing and vaccination so there can be a “step forward” for the industry, Pieter Elbers, the head of the Dutch arm of Air France-KLM, said in a Bloomberg TV interview Tuesday. The health advances “will definitely help to restore confidence in travel.”
Nivar makes landfall, weakens into severe cyclonic storm
There were no reports of loss of life due to the cyclone which uprooted trees. Incidents of wall collapse were reported from some parts of Tamil Nadu, state Revenue Minister R B Udhayakumar said.
As more countries pledge zero emissions, coal finance evaporates
With insurance companies, banks and other financiers pulling out of coal “we are seeing a real tide of all these forces moving in capital markets,” Lachlan Shaw, head of commodities research at ANZ, said at the virtual Coaltrans Asia conference.
“What’s changed more recently is we have seen China, Japan and South Korea all commit to net-zero carbon emissions targets,” he said.
No benefit seen from plasma treatment in severe COVID-19; virus may hurt male fertility
“The possibility that COVID-19 damages the testes and impacts fertility … warrants gonadal function evaluation in men infected with COVID-19, or who have recovered from COVID-19, and desire fertility,” the Miami team concluded in a report published in the World Journal of Men’s Health.
Aviva exits Italian life insurance unit in $475-million sale
Blanc announced in August that Aviva would focus on its operations in the U.K., Ireland and Canada, signaling that underperforming units in other countries could be disposed of. The company sold control of its Singapore business in September and is also pursuing a sale of its French unit.
The deal adds to a flurry of recent insurance activity, topped by last week’s $9.6 billion takeover of RSA Insurance Group Plc in the biggest acquisition of a U.K.-listed company this year. On Friday, Zurich Insurance Group AG revealed it’s in talks to buy MetLife Inc.’s U.S. property and casualty unit.