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Life insurers keen to re-enter indemnity-based health space
The life sector players such as LIC, private players like ICICI...
Bimaplan and Niyo Bharat tie-up to make insurance accessible to contractual factory workers
Bimaplan, a Y Combinator-backed insurtech startup has recently...
Coronavirus deaths in US could touch 200,000: top health expert
The risk of death is greater for older adults and people with other health problems. Hospitals in the most afflicted areas are straining to handle patients and some are short of critical supplies.
Slashed interest rate needs quick transmission: FM
The three-month moratorium on payments of term loan instalments (EMI) and interest on working capital give much-desired relief, said Finance Minister Nirmala Sitharaman .
India proposes online platform for SAARC to jointly combat coronavirus
The Indian side proposed that till the electronic platform is fully operational, a network of experts representing the health services of all SAARC countries may set up on email/whatsapp to enable exchange of all relevant information on real time basis.
From quills to qwerty: Lloyd’s underwriters adapt to home working
Underwriters and brokers are already able to process part or all of a trade electronically through platforms such as PPL. But many have preferred not to do so.
Pressure mounts on U.S. insurers to pay pandemic business loss claims
This week Ohio and Massachusetts lawmakers introduced bills similar to one in New Jersey which would require insurers to pay the claims, mainly to small businesses, despite exclusions.
Insurers could then seek reimbursement from states, which would recoup the funds by assessing industry fees.
India’s chaotic cities turn eerily silent as coronavirus fears grow
But millions more are still stuck as all railway movement across the country has been halted. The government announced an US$22 billion (S$31 billion) relief package on Thursday, but the terror is palpable as families sit huddled under flyovers and near bus stops unsure of what happens next. Local media have reported thousands of people are simply walking hundreds of kilometres toward their villages, clutching their children and meagre belongings.
As U.S. virus cases exceed 100,000, doctors decry scarcity of drugs and equipment
US President Donald Trump on Friday invoked wartime Defense Production Act to force auto giant General Motors to manufacture ventilators, amid a supply shortage of the life-saving medical equipment in view of the mounting coronavirus cases. Price negotiations with the car company was taking time, Trump said. Trump signed a Presidential Memorandum directing the Secretary of Health and Human Services to use any and all authority available under the Defense Production Act to require General Motors (GM) to accept, perform, and prioritize federal contracts for ventilators.
Bruised Indian economy to be battered further by coronavirus: Reuters Poll
“Just as everywhere else in the world, the Indian economy is bracing for the fallout (from) this unprecedented event. We expect the lockdown to dramatically reduce GDP in … subsequent quarters, while there will be prolonged economic gloom throughout the rest of the year,” said Prakash Sakpal, Asia economist at ING.
India needs at least 38 mn masks to fight Coronavirus
Invest India estimated the country needed 38 million masks – 14 million needed by state governments and the rest by the federal government – and 6.2 million pieces of protective gear
PM announces new fund for people to donate towards govt fight against coronavirus
People can visit www.pmindia.gov.in to make contributions using credit and debit cards, UPI, net banking and RTGS or NEFT, it said.