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Biden order seeks to improve US port cybersecurity
US President Joe Biden The U.S. Coast Guard will get powers to...
Amazon starts online drug sales in Bengaluru
Amazon had last month decided to open 10 new warehouses in India and start offering auto insurance. It had also secured clearance for alcohol delivery in the Indian state of West Bengal, Reuters reported in June.
Google stops responding directly to data requests from Hong Kong government
In July, Facebook Inc, Google and Twitter Inc suspended processing government requests for user data in Hong Kong.
Tech companies have long operated freely in Hong Kong, a financial hub where internet access has been unaffected by the firewall imposed in mainland China, which blocks Google, Twitter and Facebook.
South Korean doctors strike over health plans as new coronavirus cases climb
The government plans to increase the number of medical students by 4,000 over the next 10 years, which it says is necessary to be better prepared for public health crises like the coronavirus pandemic.
But the Korean Medical Association (KMA), which helped organise the protest, says the country already has more than enough physicians.At least 8,365 of the country’s total 33,836 medical facilities, including private clinics, had said they would stage a walk out on Friday, but the numbers could rise, Vice Health Minister Kim Gang-lip told a briefing.
“The number of physicians per 1,000 people has increased by 3.1% annually for the past 10 years, which is 6 times greater than that of OECD average,” KMA said in a statement.
Insurers settle 70,000 Covid-19 claims for 700 crore, IRDA Chief
“Standardisation products are key and India has taken a huge leap by bringing standard products. IRDAI came out with guidelines for the covid-19 standard benefit-based and the covid-19 standard indemnity health policies. All life, general and standalone health insurance companies have been encouraged to offer the benefit-based policy, while all health and general insurance companies are mandated to offer the indemnity policy,” Khuntia said.
India reports a record 66,999 Covid-19 cases and 942 deaths, Over 1.28 Cr PPEs, given to states,UTs by Centre for free
In addition, 22,533 “Make in India” ventilators have been delivered to various states, Union territories and central institutions, the ministry said, adding that the Centre is also ensuring the installation and commissioning of the machines.
The central role of the government has been in strengthening the health infrastructure of the states and Union territories to fight the COVID-19 pandemic and ensure its effective management, the ministry underlined.
Business owners can sue insurer over coronavirus losses, US judge rule
The decision against Cincinnati Insurance Co by U.S. District Judge Stephen Bough in Kansas City appears to be first victory for policyholders suing insurers for improperly denying claims related to shutdowns caused by COVID-19.
Insurers had won similar cases in courts in Michigan and Washington, D.C., successfully arguing that coverage was not warranted because the virus travels through the air and does not cause physical damage.
UK life insurers pay 90 million pounds in COVID-19 claims – trade body
Insurers received 7,000 life insurance claims from families of people who died from COVID-19 and 83% have been paid so far, the ABI said in a statement. Every life insurance claim has been accepted, it said.
The average payout is expected to be 63,000 pounds for an individual policy and 137,000 for a group policy.
Although they are paying life insurance claims, worsening life expectancy will mean pensions, often the bulk of their business, are paid for a shorter period, industry sources say.
Digital and new business capabilities driving modernisation of life insurers: Novarica CIO Study
“For 60% of insurers surveyed, improving digital and new business capabilities stand out as the key drivers for modernization, followed by improvements in productivity to allow faster and more fluid underwriting processes and workflows,” said Tom Benton, Vice President of Research and Consulting at Novarica
UK trials new COVID-19 smartphone app, includes Indian language versions
The new app is part of the UK’s National Health Service (NHS) Test and Trace service Test and Trace programme and is being overseen by Indian-origin techie Randeep Sidhu as Head of Product.
Taxpayers” charter to send right message to global investors on regulatory certainty: Experts
This is part of ”Transparent Taxation — Honoring the Honest” platform which has been launched with the key objectives of bringing in transparency, efficiency and accountability. It would focus on faceless assessment and appeals, apart from the taxpayers” charter.