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Threat of crackdown on U.S. insurers fades as political ‘Blue Wave’ sputters

That bodes well for the insurance industry, which had feared a Democratic sweep would allow progressives to reprise regulations introduced after the 2008-2009 financial crisis and push a disruptive healthcare overhaul.

Health insurance stocks jumped on Wednesday, as fears of a dramatic change faded. The S&P 500 managed care index .SPLRCHMO rose 9.8% as investors and insurance trade groups cheered an expected Republican hold on the Senate. 

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India sees early vaccine launch as AstraZeneca deliveries run late

An Indian government-backed vaccine could be launched as early as February – months earlier than expected – as last-stage trials begin this month and studies have so far showed it is safe and effective, a senior government scientist told Reuters.

Bharat Biotech, a private company that is developing COVAXIN with the government-run Indian Council of Medical Research (ICMR), had earlier hoped to launch it only in the second quarter of next year.

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Poor public risk management led to higher Covid-19 Pandemic losses and P&C market exposure:Denis Kessler 

Denis Kessler, chairman and chief executive officer of SCOR said that this is the biggest surprise of the crisis because it’s the opposite of what, broadly speaking, had been anticipated and modelled for pandemic risk. While the industry was certainly not unaware of pandemic threat, it failed to accurately anticipate the lines it would impact most severely

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High recovery keep active COVID-19 cases in India below 6 lakh

The Health ministry further said 76 per cent of the new cases of COVID-19 were from 10 states and UTs, with Kerala and Delhi having contributed the maximum of more than 6,000 cases each. Maharashtra had over 4,000 new cases in a day.

As many as 514 fatalities have been reported in a a day. Of these, nearly 80 per cent were concentrated in 10 states and UTs with Maharashtra reporting the maximum 120 deaths.

India’s COVID-19 fatality rate stands at 1.49 per cent, with 21 states and UTs have deaths per million lower than the national average, the ministry said. 

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