Milton will push global industry insured losses thus far in 2024 to...
Category:
Non-Life
Latest
Catastrophe bonds dodge worst-case scenario after Milton
Overall, Icosa Investments AG now sees insured losses in the range...
Allahabad HC grants over Rs 23 lakh as enhanced compensation to accident victim
"The Claims Tribunal had also failed to consider that on account of...
How COVID affects the heart, according to a cardiologist
COVID can also cause abnormal heart rhythms, blood clots in the legs and lungs, and heart failure. Our understanding of how COVID causes heart inflammation and injury to the heart muscle is becoming clearer, though there’s more to learn. Persistent symptoms from the virus, called “long COVID”, have been reported in about 10-30% of people who’ve contracted COVID.
One study on long COVID, published in July, found common cardiovascular symptoms include heart palpitations, fast heart rate, slow heart rate, chest pain, visible bulging veins, and fainting.
GIC Re’s net loss rises 38 % to Rs 771 cr in Jun quarter
GIC Re’s combined ratio, one of the key matrics indicating profitability of any re/insurer, is 123.36% for the quarter ended 30.06.2021 as against 112.16% for the corresponding quarter of the last fiscal ended 30.06.2020.GIC Re’s underwriting loss is Rs 2,811.17 crore for the quarter ended June 30, 2021, compared with Rs 1,771.38 crore for the quarter ended June 2020, it said
Maha July rains: Rs 2,500 cr loss to industrial units in Mahad, Chiplun
Manufactured products, machinery and raw material in industrial estates spread over 2,000 acres in Mahad and New Mahad were severely affected and the loss may be in the range of Rs 2,000 crore, while 50 of the 161 units in Chiplun industrial estate had suffered major damage, he said.
He said the rains had damaged roads and bridges in the industrial area, while water-logging in the MIDC office had soiled some documents, though efforts were on to ensure administration work was not hampered.
Gallagher to acquire Willis Towers Watson plc Treaty Reinsurance Brokerage operations
Willis Re’s treaty reinsurance business operates in 24 countries, places over $10 billion of premium annually and represents over 750 insurance and reinsurance company clients.
Sompo Global Risk Solutions to offer Epidemic and Pandemic protection
Triggered by civil authority restriction resulting from international public health emergencies declared by the World Health Organization, the new Sompo GRS Epidemic and Pandemic Protection Program provides insurance based on a number of available pre-set coverage options including loss of income, extra expense, debt servicing, supply chain disruption and other fixed costs.
In its first year, limited capacity for the program is available to Sompo GRS clients and their captives in the real estate, hospitality, financial services, professional services, technology and life sciences industries, as well as the unit’s Asian-interest accounts.
NY let childhood sex abuse victims sue; 9,000 went to court
Four of the New York’s Roman Catholic dioceses have filed for bankruptcy partly as a result of litigation unleashed by the state’s Child Victims Act. Thousands of new allegations against priests, teachers, scout leaders and other authorities have intensified the already harsh light on institutions entrusted with caring for children.
National Health Authority teams up with IIT Delhi to strengthen India’s response to COVID-19 crisis
Through this partnership, the National Health Authority (NHA) will be a technical collaborator on the US Agency for International Development (USAID)-supported SAMRIDH Healthcare Blended Financing Facility, a statement by the NHA said.
SAMRIDH Healthcare Blended Financing Facility aims to catalyse market-based health solutions to improve access to affordable and quality healthcare services for low-income and vulnerable communities, particularly for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) beneficiaries.
IIT Delhi serves as the hosting entity for SAMRIDH. This initiative is implemented by a Technical Support Unit managed by IPE Global.
COVID-19: India reports 40,120 fresh infections, active cases lowest since March 2020
Under Nationwide Vaccination Drive, 52,95,82,956 COVID-19 vaccine doses have been administered so far, while 57,31,574 doses were administered in the last 24 hours.
UN experts call to impose moratorium on sale of surveillance technology
Two years ago the then UN Special Rapporteur on Freedom of Opinion and Expression published a report on the dangerous impact of surveillance technology on human rights and recommended an immediate moratorium on its sale and transfer until international regulations incorporating human rights safeguards were adopted. The international community failed to heed his call.
Scrappage policy will help phase out unfit, polluting vehicles: PM Modi
Vehicle scrapping will help phase out unfit and polluting vehicles in an environment-friendly manner, Prime Minister Narendra Modi said.
Vehicles will not just be scrapped by their age, but also if they are found to be unfit in automated testing, he said.