Catastrophe modeling firm Karen Clark & Co. said, total insured...
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Red Sea crisis may push shipping cost by up to 60 pc, insurance premiums by 20 pc: GTRI
The Houthi conflict's disruption of the Red Sea shipping lanes...
Alaska Airlines flight makes emergency landing after midair blowout of window
Hours after the terrifying incident, Alaska Airlines announced that...
Insurers must bring “Ease of Claims”:Anurag Thakur
“My assurance to the insurance industry, that we will work with you to unleash the potential of this sector to create more employment, provide innovative products and building a culture of risk management in the country,” said Thakur while addressing the 21st edition of the Annual Insurance Conference ‘FINCON 2020’, organized by FICCI.
Climate change to drive large future Cat losses
It’s a mess at least partially of our own making, said Susan Cutter, director of the Hazards and Vulnerability Institute at the University of South Carolina.
“We are seeing an increase of intensity of these phenomena because we as a society are fundamentally changing the Earth and at the same time we are moving to locations that are more hazardous,” Cutter said Wednesday.
August receives 25 pc more rainfall; highest in 44 years: IMD
The country has so far recorded nine-per cent more rainfall than normal. Bihar, Andhra Pradesh, Telangana, Tamil Nadu, Gujarat, Goa have recorded excess rainfall while Sikkim has recorded a large excess. Many states have seen floods after the swelling of rivers.
According to the Central Water Commission (CWC), the overall storage position of the reservoirs in the country till August 27 is better than the corresponding period of last year. It is also better than the average storage of the last 10 years during the corresponding period, the CWC said.
India’s sees record single-day spike of 76,472 Covid-19 cases; total death toll at 62,550
The total number of COVID-19 cases rose to 34,63,972, with 1,021 people succumbing in a span of 24 hours, the ministry’s data updated at 8 am showed.
The COVID-19 case fatality rate has further declined to 1.81 per cent in the country.
There are 7,52,424 active coronavirus cases in the country currently, which account for 21.72 per cent of the total caseload, the data showed.
HC expresses concern over steep increase in insurance policies premium for advocates
While the rates quoted by the New India Assurance Company (NIAC) in November and December, 2019 for providing group mediclaim insurance was Rs 8,500 per policy, the revised rate is Rs 22,945.1.
Similarly, the Life Insurance Corporation (LIC) had initially quoted a Rs-2,478 premium for providing group (term) life insurance for lawyers of up to 60 years of age. Now the average basic premium rate per policy is Rs 7,091.7.
Jan Dhan scheme completes six years, benefits 40.35 crore people
“Today, six years ago, the Pradhan Mantri Jan Dhan Yojana was launched with an ambitious aim of banking the unbanked. This initiative has been a game-changer, serving as the foundation for many poverty alleviation initiatives, benefitting crores of people,” the prime minister Narendra Modi tweeted.
In August, 2020, out of total 40.35 crore PMJDY accounts, 34.81 crore or 86.3 per cent were operative,.
The finance ministry said the endeavour is to ensure coverage of PMJDY account holders under micro insurance schemes and improving access of PMJDY account holders to micro-credit and micro-investment such as flexi-recurring deposit etc.
Global reinsurers report weak half-year earnings as coronavirus claims intensify:Moody’s
Coronavirus-related claims increased significantly during the second quarter
Ongoing uncertainty regarding business interruption claims as policy forms and contract litigation vary
Pandemic related mortality losses in life reinsurance are rising
Maha CM bats for states’ share in crop insurance scheme at 50%
Maharashtra Chief Minister Uddhav Thackeray also said that insurance companies should have their offices at district level, so that farmers can easily approach them for claim settlement.
Covid-19 disease can affect almost all organs, say experts at AIIMS
“What started off as a viral pneumonia is now a multi-systemic disease. However, the jury is out whether SARS-COV2 is the culprit in these extra pulmonary manifestations or just an innocent bystander which happens to be at the wrongplace at a wrong time,”DrNischalsaid.
“So the classification of COVID-19 into mild, moderateand severe cases based only on respiratorysymptoms should be relooked into to incorporate other organ involvement,” he said.
Reduced fear of Covid-19 a reason why less people opting for tests: Experts
“Earlier, there was a lot of panic and even for minor symptoms people were coming to hospitals. But now, they know that if they have minor symptoms, they think they will recover. There is some taboo attached to it. They think that authorities will put up sticker outside their home and their neighbours will come to know,” opined.Manoj Sharma, Senior Consultant, Medicine and Incharge at Medeor Hospital Qutab Institutional Area