Category:

Eco/Invest/Demography

Centre asks states to form committees for smooth COVID-19 vaccination drive

Stating that COVID-19 vaccine introduction will span over a year with multiple groups being included “sequentially starting from health care workers”, the Health Ministry has sought constitution of committees at state and district levels which will review preparatory activities in terms of cold chain preparedness, operational planning, strategies for state-specific challenges in terms of geographical terrain and hard-to-reach areas, etc

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Feds issue insurance-coverage rules for COVID-19 vaccine and treatments

Workplace and individual health insurance plans will cover the COVID-19 vaccine as a preventive service, with no cost sharing. The requirement applies to the vast majority of private plans, which are mandated to cover approved preventive care under the Obama-era Affordable Care Act — even as the Trump administration is trying to overturn that law at the Supreme Court.

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Insurers have to collect BI policy premiums for 150 years to make up for COVID-19 global losses:Geneva Association  

Among the report’s, prepared by the Geneva Association, main findings are that, encouragingly, health and life risks for a pandemic resembling COVID-19 pose no fundamental insurability challenges.

However P&C insurers have nowhere near the capacity needed to shoulder projected global output losses of more than USD 4 trillion for 2020. By comparison, they collect USD 1.6 trillion in annual premiums, with just USD 30 billion for business interruption policies.

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Strong earthquake kills 19 people in Turkey and Greek islands

People ran onto streets in panic in the Turkish city of Izmir, witnesses said, after the quake struck with a magnitude of up to 7.0. Neighbourhoods were deluged with surging seawater which swept debris inland and left fish stranded as it receded.Ismail Yetiskin, mayor of Izmir’s Seferihisar, said sea levels rose as a result of the quake. “There seems to be a small tsunami,” he told broadcaster NTV.

Footage on social media showed debris including refrigerators, chairs and tables floating through streets on the deluge. TRT Haber showed cars in Izmir’s Seferihisar district had been dragged by the water and piled on top of each other.

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