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Consumer commission slaps Rs50k fine on insurance company for deficiency in services
Taking note of the evidence before it, the commission comprising...
6 candidates to be interviewed for selecting member, Non-Life, IRDAI on Thursday
The candidates are- Rejeshwri Singh, CMD, National Insurance...
COVID-19: Daily cases fall below 2-lakh mark, positivity rate down to 9.54 per cent
New Delhi: The daily count of coronavirus cases in the country fell below the 2-lakh mark after over a month taking the total tally of COVID-19 cases to 2,69,48,874, while the death toll rose to 3,07,231, according to the Union Health Ministry data updated on...
Moderna’s single-dose COVID-19 vaccine in India likely next year; Pfizer ready with 5 cr doses for 2021
Pfizer has also sought certain relaxations in the regulatory regime, including relaxation in the requirement of post-approval bridging trials and dispensing the requirement of testing their vaccines in CDL (Central Drugs Laboratory).
Africa Specialty Risks Group becomes reinsurer in Mauritius
ASR is focused on becoming the partner of choice to corporations through the provision of comprehensive and bespoke risk mitigating insurance solutions, and offers capacity across Property, Construction, Political Risk, Trade Credit, Energy, Liability and PVT (War, Political Violence and Terrorism), with further lines of business being developed.
Australian general insurers welcome `Bushfire Funding’, say Tax Rise ‘Unsustainable
The federal government’s allocation of A$1.2 billion (US$931 million) over five years to improve Australia’s capability to prepare for, respond to, and recover from natural disasters and now the Victorian government’s A$517 million investment in bushfire specific resilience initiatives will protect communities vulnerable to the impact of extreme weather and natural disasters,the ICA said in a statement.
“This welcome news is tempered, however, by the Victorian budget’s projections that revenue from insurance stamp duty will increase by almost one-third over the budget estimates, rising 29% from A$1.517 billion in 2020-21 to A$1.959 billion [US$1.519 billion] in 2024-25,” the ICA explained.
Yaas intensifies into very severe cyclonic storm: IMD; eastern states evacuate more than 12 lakh people
`Yaas’, which was positioned 160 km south-southeast of Paradip in Odisha and 240 km south-southeast of Digha in West Bengal over north-west and adjoining west-central Bay of Bengal on Tuesday evening, is likely to gain a maximum speed of 155 kmph to 165 kmph gusting to 185 kmph during landfall, the Met department said.
Renault-Nissan, Hyundai and Royal Enfield face shutdowns in over workers’ COVID fears
Tamil Nadu is one of the worst hit states with more than 30,000 cases a day last week. The state, an auto hub known as India’s Detroit, has imposed a lockdown until May 31 but allowed some factories, including auto plants, to continue operating.
India’s total deaths from COVID-19 surpass 300,000
The number of people who have recuperated from the disease surged to 2,37,28,011, while the case fatality rate has increased to 1.14 percent, the data stated.
Feature for on-site registration enabled for 18-44 age group on CoWIN: Govt
This feature will not be available for private CVCs and they will have to publish their vaccination schedules exclusively with slots for online appointments.
Macron calls for WHO powers to be boosted, Merkel backs call for pandemic treaty
Macron and German Chancellor Angela Merkel, in separate pre-recorded remarks to the WHO’s annual ministerial assembly, called for the U.N. agency’s funding to be improved and backed the idea of a new international treaty to prevent pandemics.
As China grows old, elder care costs loom large
According to the National Bureau of Statistics (NBS), in about 25 years, one-third of China’s population will be retirees, and their living and health care expenses will take up one-fourth of the country’s Gross domestic product (GDP). Moreover, China’s increasing elderly population will reduce the supply of labor force and increase the burden on families’ elder care and the pressure on the supply of basic public services.