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Insured losses from CrowdStrike outage could reach $1.5 bln, CyberCube says
Reinsurance broker Guy Carpenter said that insurers may face claims...
Eco- Survey flags off possible misinterpretation of principles-based regulations by private sector insurers
``Globally, the private financial sector has repeatedly shown...
India in talks to find ‘middle ground’ with Pfizer, others for vaccine imports: govt official
“We have to find the middle ground,” government advisor Vinod Kumar Paul told the news channel CNBC TV-18 when asked about the progress of talks with Pfizer and Moderna
Any final decision on vaccine imports has to be compatible with Indian laws and the government was hopeful that these vaccines would be available in the country before the end of this year, Paul said.
Britannia offers insurance coverage to 10,000 sales personnel, merchandisers
The company is offering a term insurance policy and hospitalisation insurance of Rs 2 lakh and Rs 1 lakh respectively, amid the COVID-19 pandemic, Britannia Industries said in a statement.Besides, it is also contributing Rs 2 lakh each to the bereaved families of the personnel who were not insured earlier.
Britannia is also offering domiciliary COVID-19 treatment worth Rs 7,500 for patients who need support at home, apart from reimbursing vaccination costs.
Pandemic ‘rolled back’ sustainable development funding for weak economies: UNCTAD
UN: According to UNCTAD’s World Investment Report 2021, total foreign direct investment also dropped by more than a third globally, to $1 trillion (from $1.5 trillion in 2019), threatening progress on sustainable development. This level was last seen in...
UN office says Sri Lanka ship fire causes significant damage
“An environmental emergency of this nature causes significant damage to the planet by the release of hazardous substances into the ecosystem,” U.N. Resident Coordinator in Sri Lanka Hanaa Singer-Hamdy said in a statement late Saturday. “This in turn threatens lives and livelihoods of the population in the coastal areas.”
Sri Lanka has already submitted an interim claim of $40 million to X-Press Feeders to cover part of the cost of fighting the fire, which broke out on May 20 when the vessel was anchored about 9.5 nautical miles (18 kilometers) northwest of Colombo and waiting to enter the port.
Irrespective of co-morbidities, classified as deaths due to Covid: Centre
The MHA in its affidavit said: “All deaths with a diagnosis of Covid-19, irrespective of co-morbidities, are to be classified as deaths due to Covid-19. The only exception could be where there is a clear alternative cause of death, that cannot be attributed to Covid-19 (e.g. accidental trauma, poisoning, acute myocardial infarction, etc), where Covid-19 is an incidental finding.”
Life insurers may see short-term pressure on profitability due to pandemic: ICICI Pru Life
“In the short-term, the profitability of the insurance industry is expected to be an area of concern given the increase in mortality and morbidity rates induced by the pandemic. Even more than a year after the pandemic first struck, there continues to be significant uncertainty regarding its absolute impact on mortality and morbidity experience,” the insurer said.
SC reserves judgment on PIL seeking direction to provide Rs 4 lakhs ex gratia to kin of COVID-19 victims
The petition also sought the issuance of direction to respondents, respective State Governments to fulfill their obligation to take care of victims of the calamity and their family members. The lawyers- Reepak Kansal, and Gaurav Kumar Bansal– in their petition, filed before the Supreme Court, sought immediate appropriate directions to the concerned authorities to pay financial help or ex gratia amount of Ra 4 lakh, as laid down by the Central government in its statute and rules to the family members of the deceased, who succumbed to COVID-19 pandemic.
HDFC bank buys 4.99 % stake in HDFC Ergo Gen from HDFC, insurer’s share priced at Rs 536
With market share of 6.2 per cent, HDFC ERGO has been one of the fastest growing private General Insurers in the country, having grown its gross written premium at a 35 per cent CAGR over the last 13 years.
UAE’s Emirates airline to resume flights from India to Dubai from June 23
On Saturday, the Supreme Committee of Crisis and Disaster Management in Dubai said that the passengers from India with a valid residence visa who have received two doses of a UAE-approved vaccine will be allowed to travel to Dubai, Gulf News reported.
Too early to decide on Covid-19 booster shots:WHO
“We do not have the information that’s necessary to make the recommendation on whether or not a booster will be needed,” Soumya Swaminathan, the World Health Organization’s chief scientist, said in a Zoom interview Friday. The “science is still evolving.”