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U.S. insurer AIG leads $130 million “all-risks” policy for Japan Airlines plane -sources
The Japan Airlines policy mainly covers damage to the hull, one of...
Capital supports ‘Smooth’ January 1 Renewals for Cedants: Aon
The report revealed that, in contrast to 12 months earlier, the key...
14 hospitalised after ammonia gas leak in Andhra Pradesh
“We got the information that Ammonia gas was leaked at Hatson company milk process unit near Putalapattu at around 5 PM. 14 labourers who were working in that shift are brought to the hospital here in Chittoor. Among them, 3 people are serious and probably will be shifted to SVIMS or Ruia hospital in Tirupati,” Dr Narayan Bharat Gupta, Chittoor District Collector said.
“All are stable. All of them are women. It is to yet be ascertained whether this incident is a result of the negligence of management or the negligence of the workers. Industries department General Manager and fire department officials will review the ground-level situation on Friday,” he said.
Covid hit 20% of meat workers in No. 1 chicken exporter Brazil
Employees in the meat industry have been deemed essential globally as companies try to keep up with protein demand. But the workers face conditions ripe for the spread of disease, and outbreaks have emerged from South America to Europe and Australia. Brazil is the world’s biggest exporter of poultry and beef and a key supplier of pork.
Drug costs for COVID-19 patients plunge at U.S. hospitals, but may rise
Research by the health data firm IllumiCare and exclusively shared with Reuters found that hospitals spent $1,090 per COVID-19 patient on medication in July. That was down from $3,011 in May among more than 50 hospitals in 10 states that were analyzed.
Several factors drove down the number. The average length of stay for COVID-19 patients declined by nearly 30%, from 9.6 days in April to 6.8 days in July, the hospital data show. And the number of medications used dropped by 22%, from nearly 20 individual drugs in April to 15.4 drugs in July.
Covid-19 Pandemic:Lloyd’s gets ready for reopening & business with restrictions
Lloyd’s has reduced capacity to 45% to ensure it can maintain social distances.In order to ensure it doesn’t go above this the working week will be split by class of business
From 1 September,face coverings will be mandatory in all public areas of the building.
COVID-19 will see insurers adapt polices as risks change, says GlobalData
the transition to working from home has led to concerns in other areas such as physical and mental health, which were not originally covered in household policies. As everyday risks change, insurers will have to adapt their policies accordingly, says GlobalData, a leading data and analytics company.
WHO blasts ‘vaccine nationalism’ in last-ditch push against hoarding
The WHO has an Aug. 31 deadline for wealthier nations to join the “COVAX Global Vaccines Facility” for sharing vaccine hopefuls with developing countries. Tedros said he sent a letter to the WHO’s 194 member states, urging participation.
So far, the COVAX facility has attracted interest from 92 poorer countries hoping for voluntary donations and 80 wealthier countries, a number little changed from a month ago, that would finance the scheme, the WHO said.
India’s COVID-19 tally climbs to 27,67,273,death toll at 52,889
There are 6,76,514 active cases of coronavirus infection in the country which is 24.45 per cent of the total caseload, while the number of recoveries has surged to 20,37,870.
India’s COVID-19 tally crosses 27-lakh mark,death toll climbes to 51,797
the death toll climbed to 51,797 with 876 people succumbing to the disease in a span of 24 hours
There are 6,73,166 active cases of coronavirus infection in the country which is 24.91 per cent of the total caseload, while the number of recoveries has risen to 19,77,779.
Of the 876 fresh deaths reported, 228 are from Maharashtra, 120 from Tamil Nadu, 115 from Karnataka, 82 from Andhra Pradesh, 66 from Uttar Pradesh, 45 from West Bengal, 51 from Punjab, 23 from Madhya Pradesh, 18 from Delhi, 15 from Gujarat, 13 from Kerala, 12 from Haryana, 11 from Rajasthan and 10 from Odisha
General insurance industry in Japan to contract in 2020 due to COVID-19, says GlobalData
Sangharsan Biswas, Insurance Analyst at GlobalData, comments: “The Japanese economy is projected to contract by 5% in 2020 due to the COVID-19 pandemic. Consumer spending in May 2020 had declined by 16% year-on-year. This translates to lower premium collections for general insurers, as businesses scale down their operations.”
The impact on Japan’s general insurance business is most visible in motor and property insurance, which together account for over 75% of the premiums. As per the data from Japan Automobile Dealers Association, new vehicle sales declined by 23% in June 2020, on a year-on-year basis.
Lloyd’s Lab selects Thimble to develop Pandemic Business Interruption Insurance for SMBs
As part of Lloyd’s Lab, Thimble will tackle this issue head on. The startup, known for its instant insurance policies of flexible duration, will develop low-limit parametric contingent business interruption coverage to protect businesses from COVID-19 and future pandemics. By doing so, Thimble will position insurance as a “first line of defense” that pays small businesses immediately if specific criteria are met– essentially providing an “instant stimulus” while governments figure out the rest.