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Crowd ban in Olympics could cost reinsurers up to $400m: Fitch

“We estimate the total insurance cover for the Olympics to be about USD2.5 billion, comprising USD1.4 billion taken out by the International Olympic Committee and the Tokyo Organising Committee, USD800 million by broadcasters and USD300 million by other parties, such as sports teams, sponsors and hospitality. We believe reinsurers would bear most of the losses arising from this cover given that high-severity exposures are typically heavily reinsured,” said Fitch

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‘Tremendously off track’ to meet 2030 SDGs: UN chief

Despite a 300 per cent increase in global food production since the mid-1960s, according to the Secretary-General, “malnutrition is a leading factor contributing to reduced life expectancy”.

He cited climate change as both “a driver and a consequence of hunger”, adding that “our war with nature” includes a food system that generates one-third of all greenhouse gas emissions and is also responsible for up to 80 per cent of biodiversity loss.

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CMs of north-eastern states share concerns regarding Covid with PM

While all CMs have put forth their preparedness plans to deal with third wave and acknowledged that cases are on the decline, Mizoram CM Zoramthanga did speak about problems the state is facing due to the porous border with Myanmar and Bangladesh and cases are coming across the border. Union Home minister Amit Shah too was present at the meeting.

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World witnessing third wave, ensure it doesn’t hit India: Dr VK Paul

“We would like to request to everyone, when we talk about the third wave (of COVID-19), we are taking it as a weather update and not understanding its seriousness and our responsibilities associated with it,” he said. Agarwal also highlighted that the Centre has deputed teams in 11 states so that they can help the state governments in COVID-19 management.

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People cutting spends on health, grocery as fuel prices bite, say SBI economists

”As consumers are spending more on fuel, it is crowding out expenses on health. Our analysis of SBI card spends indicates that spend on non-discretionary health expenditure has been substantially reduced to accommodate increased expenditure on fuel,” group chief economic adviser Soumya Kanti Ghosh said.

”In fact such spending has more than crowded out the spending on other non-discretionary items, like grocery and utility services to such an extent that the demand for such products has significantly declined,” he added.

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Medicare evaluating coverage for $56,000 Alzheimer’s drug

“We want to consider Medicare coverage of new treatments very carefully in light of the evidence available. Our process will include opportunities to hear from many stakeholders, including patient advocacy groups, medical experts, states, issuers, industry professionals, and family members and caregivers of those living with this disease” CMS( Centers for Medicare and Medicaid Services) Administrator Chiquita Brooks-LaSure said in a statement

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