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Central Europe flooding could cause billions in insurance losses, analysts say
According to re/insurance broker Gallagher Re's estimate, insured...
US files $100 million lawsuit against owner and operator of ship that destroyed Baltimore’s Key Bridge
“The Justice Department is committed to ensuring accountability for...
India adds 43,645 COVID-19 cases, 640 deaths
The number of active cases stood at 3,99,436, an increase of 1,336 in a span of 24 hours, and comprises 1.27 per cent of the total infections. The national COVID-19 recovery rate has improved to 97.39 per cent, the data updated at 8 am showed.
The total number of Covid vaccine doses administered so far as part of the nationwide vaccination drive has reached 44.61 crore.
Cabinet approves privatisation of a PSU general insurer
The amendments, approved by the cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time and transfer of management control to a private player who wants buy the compoany. ‘
India has four general insurance companies in the public sector – National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and the United India Insurance Company Limited. One of these will be privatised for which the government is yet to finalise the name.
Changing VT code of Indian aircraft will have big financial implication on airlines: Govt
In a written reply to a question in the Lok Sabha from BJP MP Harish Dwivedi, Minister of State for Civil Aviation V K Singh said, ”If we change the VT call sign, then all documents have to be reissued, the aircraft will have to be repainted and cannot fly till all markings are changed.” ”Aircraft will remain grounded during the whole process. It will also have a big financial implication on the airlines,” he added.
Intensity of severe cyclonic storms increasing in North Indian Ocean region: Study
The increasing intensity of severe cyclonic storms with major socioeconomic implications was due to atmospheric parameters like higher relative humidity, especially at mid-atmospheric level, weak vertical wind shear as well as warm sea surface temperature (SST).
This indicates the role of global warming in bringing about this increasing trend, the study suggests.
Howden acquires Italian independent broker
Establishing operations in Italy adds a further market to Howden’s growing European platform, enabling them to deliver service to both local and multinational clients supported by the full weight of Howden’s specialty offering.
Space Activities Bill under consideration to promote private players in sector
The Indian National Space Promotion and Authorization Centre (IN-SPACe) was created as an independent nodal agency under the Department of Space with the mandate of promoting, handholding, licensing, authorization and monitoring of private space activities in India. Access to Department of Space (DOS) facilities and expertise is extended to private entities to support their space activities.
China urges insurers to increase offerings for natural disaster coverage
Chinese insurers have received a total 376,200 claims relating to the Henan floods as of July 26, the CBIRC said, and the total payouts so far reached 492 million yuan.
Covid R-value climbing steadily in country; Kerala, NE states top list
“India’s overall active cases are fluctuating too much to get a reliable estimate, but data is pointing at a value close to 1. It may tip over either way in the coming few days,” said Sitabhra Sinha of the Institute of Mathematical Sciences, who is leading the team.
New York city to offer 100 dollars for vaccination
The announcement comes just days after the mayor said all city workers would have to be vaccinated against COVID-19 by mid-September or face weekly testing. De Blasio also announced that more than 9.9 million doses of vaccine have been administered in the city so far. Sixty-six per cent of adults have been fully vaccinated and 71 per cent have received at least one dose, according to the New York City health department, The Hill reported.
COVID-19 infections rise, Delta variant spreads to 132 countries: WHO
An average of around 540 000 cases was reported globally each day over the past week as compared to 490 000 cases reported daily the week before.
Of the four COVID-19 mutations that WHO has designated “variants of concern”, the UN agency said that the Alpha variant is present in 182 countries, Beta is in 131, Gamma in 81 and after reaching eight new countries in the past week, the Delta variant is now in 132 countries.