Ministry of Finance is yet to receive any proposals on wage...
Category:
Non-Life
Latest
Somali piracy revives sharply after yrs of quiet
There were eight acts of piracy and hijackings in the first half of...
CrowdStrike Crisis: Negotiating ‘Blue Screen of Death’ (BSOD) loop
Clear understanding and documentation of cyber insurance policies...
Suicide remains one of leading causes of death worldwide: WHOWHO
From job loss to financial stress and social isolation, the many risk factors triggered by the COVID-19 pandemic make suicide prevention “even more important now”, said the top WHO official.
Among young people aged 15-29, suicide was the fourth leading cause of death after road injury, tuberculosis and interpersonal violence, according to the study: Suicide worldwide in 2019.
Cooperation from insurance companies for road safety activities is negligible:Gadkari
”Around 1.5 lakh persons die due to road accidents (every year)… My internal target is before 2024, we will reduce deaths and accidents by 50 per cent,” the Road Transport and Highways Minister said.
Around 50 per cent of road accidents are due to road engineering problems, he pointed out.
US govt to invest $3.2bn to develop pills to treat Covid
The new programme, coming on top of the $18 billion success story that resulted in effective vaccines in record time, will create platforms that will initially target coronaviruses, and then could be expanded to other viruses with pandemic potential – helping to better prepare the nation for future viral threats, the US department of health and human services announced on Thursday.
Reinsurers look at dumping coal from bulk-buy policies in green gambit
Five of the world’s six largest reinsurers – Swiss Re, Munich Re, Hannover Re, SCOR and Lloyd’s of London – have already scaled back bespoke coverage for coal projects. But only Swiss Re, in a statement in March, has said it will go further and tighten its treaty reinsurance stance.
A rail contractor to Adani Enterprises’ giant Australian coal project last month, for example, asked the Australian government for help to obtain insurance that it was not able to secure from the market.
“The first consequence is insurance is harder to get, the second consequence is it’s expensive, the third consequence is there are all sorts of caveats on it and at the extreme you might not be offered it”, said Paul Merrey, insurance partner at KPMG.
French chef seeks $1.9 million from Allianz for Covid-19 BI losses
Tensions between French restaurant operators and insurers over such claims have failed to dissipate after a year of public fights and legal disputes. AXA, which was ordered to compensate some restaurants, offered a 300 million-euro settlement to its policyholders last week, seeking to appease clients.
Global COVID-19 death toll exceeds 4 mln
The top five countries by total number of deaths – the United States, Brazil, India, Russia and Mexico – represent about 50% of all deaths in the world, while Peru, Hungary, Bosnia, the Czech Republic and Gibraltar have the highest death rates when adjusted for population. Countries in Latin America are facing their worst outbreak since March, with 43 of every 100 infections in the world being reported in the region, according to a Reuters analysis
Australia limits use of AstraZeneca COVID-19 vaccine to people over 60
Several European Union member states have stopped administering the AstraZeneca vaccine to people below a certain age, usually ranging from 50 to 65, restricting its use to older people, due to very rare cases of blood clotting, mainly among young people.
DPIIT notifies 74% FDI cap in insurance sector under automatic route
According to a press note issued by the department, the decision will take effect from the date of FEMA (Foreign Exchange Management Act) notification
India logs 67,208 new COVID-19 cases, 2,330 deaths in last 24 hours
According to the Health Ministry, the national COVID-19 recovery rate has improved to 95.93 per cent. The recoveries continued to outnumber daily new cases for the 35th consecutive day. India witnessed 1,03,570 recoveries in the last 24 hours, taking the recovery tally to 2,84,91,670.
Philippines insurance commissioner Dennis B. Funa reelected as the chairperson of Asian Reinsurance Corp
Bangkok headquarted Asian Re, set up in 1977 ,is a professional reinsurer owned by 10 governments in Asia-Pacific called the Council of Members, namely the Philippines, Afghanistan, Bangladesh, Bhutan, China, India, Iran, South Korea, Sri Lanka, and Thailand.
I