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Eco/Invest/Demography

Insurers face $4.5 billion+ damage bill from costliest severe storm period on record in Europe, Aon Catastrophe Report

Total aggregated insurance impacts from the SCS outbreaks between June 17 and 30 constitute the costliest stretch of severe weather in European history and fifth costliest globally, with combined losses preliminarily estimated by the national insurance sectors at $4.5 billion, surpassing the previous European record of $4.3 billion set by storm Andreas in 2013. Insurers in Austria, Switzerland and the Czech Republic recorded their costliest stretches of severe weather on record, while Germany experienced the second costliest.
Report also highlights devastating impact of record-setting heatwaves in U.S. and Canada

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UP Population Bill draft denies government jobs, subsidy If more than 2 children

Listing incentives for public servants who adopt the two-child norm, the draft bill says, “Public servants who adopt the two-child norm will get two additional increments during the entire service, maternity or as the case may be, paternity leave of 12 months, with full salary and allowances and three per cent increase in the employer’s contribution fund under national pension scheme.”

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Child mental health crisis ‘magnified’ by COVID, warns UN chief

“I also urge governments to take a preventive approach by addressing the determinants of mental well-being through robust social protection for children and families”, he added, saying that mental health and psychosocial support, together with community-based approaches to care, are “integral to universal health coverage. They cannot be its forgotten part.”

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European Commission approval a mMajor Step for Pending Aon and Willis Towers Watson Combination

“This is a major step that demonstrates continued progress toward obtaining regulatory clearances for the proposed combination. Both firms operate across broad, competitive areas of the economy and believe this approval affirms that our proposed combination will accelerate innovation on behalf of clients, creating more choice in an already dynamic and competitive marketplace,” said a statement issued jointly by both the firms

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Time running out for countries on climate crisis front line

The Secretary-General reminded that the climate impacts we are seeing today – currently at 1.2 degrees above pre-industrial levels – give the world a glimpse of what lies ahead: prolonged droughts, extreme and intensified weather events and ‘horrific flooding’.

“Science has long warned that we need to limit temperature rise to 1.5 degrees. Beyond that, we risk calamity… Limiting global temperature rise is a matter of survival for climate vulnerable countries”, he emphasized.

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Maharashtra, Kerala reported 53 pc of India’s total Covid cases last week; Centre expresses concern

Paul, in response to a question, said the reduction in cases were earlier sharp but now the pace of slowdown has reduced which shows that one should not take the ”situation for granted”.

”The number of cases being reported now are still one third of what was in the first peak. We have realised it too. The war is not over, the second wave is not over. It is more visible in some districts and two particular states and smaller states in the Northeast and so long it is still rising, the nation is not safe,” he said.

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Asia-Pacific Climate week 2021 sends strong signal to COP26

The Asia-Pacific regions emits more than half of the world’s greenhouse gas emissions and is one of the most rapidly developing regions of the world, with a significant proportion of the global population. And it is home to most of the world’s low-lying cities and vulnerable small island states.

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