Bullying and psychological violence, also known as “mobbing,” is a...
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Indian general insurance industry’s record underwriting losses flare up by 50% to Rs 28,500 crore in FY2021-22
The four PSU general insurers, which together have over 35 per cent...
There should be no space for fraud in AB-PMJAY: Mandaviya
Mandaviya urged states who are still to cover eligible...
Trump cuts WHO funding over coronavirus, global toll mounts
Trump, who has reacted angrily to criticism of his administration’s response to the worst epidemic in a century, has become increasingly hostile towards the WHO.
The Geneva-based organisation had promoted China’s “disinformation” about the virus that likely led to a wider outbreak than otherwise would have occurred, Trump said.
The United States is the biggest overall donor to the WHO, contributing more than $400 million in 2019, roughly 15% of its budget.
Indian banks issue gag orders to employees over branch overcrowding – documents, sources
“So far we’re neither getting help to manage the crowds, nor are we being allowed to voice complaints… about the critical lapses and failures of social distancing at banks,” said another bank employee who also requested anonymity.
Bermuda’s “resilient” re/insurance market continues to meet global clients’ needs amid COVID-19
“The re/insurance industry excels in time of disruption and catastrophes—managing risk during natural and man-made disasters is our strength,” said John M. Huff, President & CEO of Association of Bermuda Insurers & Reinsurers (ABIR), noting the Bermuda market is well capitalized and works closely with regulators and policy makers globally on the economic potential of any significant events. “The industry has a proven track record of responding successfully during critical moments in history and we will continue to do so as the world faces and recovers from the COVID-19 pandemic.”
Most small UK companies have no pandemic insurance – watchdog
The FCA said most insurance policies for small and medium sized companies (SMEs) only gave basic cover, with no obligation to pay out in relation to the COVID-19 pandemic.
“While this may be disappointing for the policyholder we see no reasonable grounds to intervene in such circumstances,” FCA interim chief executive Christopher Woolard said in a letter to heads of insurers.
“In contrast, there are policies where it is clear that the firm has an obligation to pay out on a policy. For these policies, it is important that claims are assessed and settled quickly.”
US may need to extend social distancing for virus until 2022: Study
“Intermittent distancing may be required into 2022 unless critical care capacity is increased substantially or a treatment or vaccine becomes available”, the Harvard researchers said in findings published Tuesday in the journal Science.
Health Ministry identifies 170 districts in India as hotspots, 207 as potential hotspots
“Special teams have been formed which will work in containment zone and do contact tracing and house-to-house surveys. Cases of fever, cough and breathlessness will be identified in the survey and requisite action will be taken as per protocol,” Agarwal said, adding that there has been no community transmissions so far but some local outbreaks
CEO of Tokyo games can’t guarantee postponed Olympics will be held even in 2021
“Tokyo 2020 has taken out several insurance policies,” he said. “But whether the postponement of the games qualifies as an event that is covered is not clear yet.”
Stocks rise gains on China trade data, easing pandemic fears
In Europe, thousands of shops across Austria are set to re-open on Tuesday. Spain recorded its smallest proportional daily rise in the number of deaths and new infections since early March and let some businesses return to work on Monday.
Corona death count reaches 339, cases soar to 10,363: Health Ministry
According to the ministry’s data updated on Tuesday morning, the highest number of confirmed cases in the country is from Maharashtra at 2,334 followed by Delhi at 1,510 and Tamil Nadu at 1,173.
Extended lockdown to cause $234.4 bn economic loss: Barclays
Noting that while India is still not officially calling the infections to be in the community transmission stage, the existing restrictions on movement are causing much more economic damage than anticipated.