The deadly blast at a furnace run by PT Indonesia Tsingshan...
Category:
Non-Life
Latest
Japan asks four non-life insurers to stop anti-competitive business practices
The order was issued to Aioi Nissay Dowa Insurance, Sompo Japan...
India records six Covid-19 deaths, 692 new cases in 24 hrs; total active caseload at 4,097
A total of 109 cases of the JN.1 sub-variant have been detected in...
Serum Institute to produce up to 100 mn COVID-19 vaccine doses for India, other countries
The Bill & Melinda Gates Foundation, via its Strategic Investment Fund, will provide at-risk funding of USD 150 million to Gavi, which will be used to support the Serum Institute of India (SII) to manufacture the potential vaccine candidates and for future procurement of vaccines for low- and middle-income countries via Gavi’s COVAX Advance Market Commitment (AMC), the statement said
AIE flight crash:Govt announces Rs 10 lakh interim relief for each of the deceased, Rs 2 lakh for the seriously injured,Death toll rises to 18
Seventeen people were killed and scores injured when the AIEflight from Dubai with 190 on board overshot the table toprunway while landing in heavy rains and fell into a valley 35 feet below and broke into two portions on Friday night.
The pilot-in-command Captain Deepak Sathe and his co- pilot Akhilesh Kumar were among those who lost their lives.
Civil Aviation Minister Hardeep Singh Puri said authorities managed to rescue most of the passengers because the plane did not catch fire while descending the slope at the end of the table-top runway. Such runways are located at an altitude and have steep drops at one or both ends.
Crowded villages show why coronavirus cases are surging in rural India
The disease is now widespread outside metropolitan areas, said Bhramar Mukherjee, professor at the School of Public Health, University of Michigan. “We need commitment and collective sacrifice from people of rural India to keep contact diaries, symptom diaries, and to not feel stigmatized if they test positive or have symptoms, so that the disease does not infest villages like an enemy in the dark.”
Delhi launches Electric Vehicle Policy,Mahindra seeks investors for EV business
Under the policy, the Delhi government will give incentive of up to Rs 30,000 for two-wheelers, autos and e-rickshaws while for cars, it will give incentive of up to Rs 1.5 lakh, Delhi Chief Minister Arvind Kejriwal said.
“After launching this policy, we expect 500,000 new electric vehicle in next five years… The Delhi government will set up dedicated ‘EV Cell’ to implement ‘electric vehicle policy,” Kejriwal said.
Meanwhile,Indian automaker Mahindra & Mahindra is looking for investment partners for its domestic electric vehicles business and is finalising investment plans for its Automobili Pininfarina unit, the group’s managing director said on Friday.
Morgan Stanley launches Property & Casualty insurance for high net worth clients
Through this new arrangement, HUB International, Marsh Private Client Services, and Willis Towers Watson will assist Morgan Stanley clients in assessing their risk exposures and provide solutions to help them protect their assets. The insurance brokers will leverage their deep relationships with a vast array of insurance companies and their global footprint of dedicated specialists and in-house resources
Over 56,000 COVID-19 cases in country in single day
There are 5,95,501 active cases of coronavirus infection in the country presently which contribute to 30.31 per cent of the total cases.
The fatality rate has further dropped to 2.07 per cent, the data stated.
This is the eighth consecutive day that COVID-19 cases have increased by more than 50,000.
Of the 904 fresh deaths reported, 334 are from Maharashtra, 112 from Tamil Nadu, 100 from Karnataka, 77 from Andhra Pradesh, 61 from West Bengal, 40 from Uttar Pradesh, 29 from Punjab, 23 from Gujarat, 17 from Madhya Pradesh, 13 each from Rajasthan and Telangana, 11 from Delhi and Nine each from Jammu and Kashmir and Odisha.
Eight COVID-19 patients die in hospital fire in Ahemedabad
“A staffer whose PPE caught fire ran out of the ward to douse it but the fire spread rapidly to the whole ward,” said Rajesh Bhatt, additional chief fire officer of the Ahmedabad Fire and Emergency Services.
Beirut devastating explosion to weigh on Lebanon’s challenged insurance sector:AM Best
Insurance penetration rates in Lebanon generally are low and property insurance represents only a small fraction of the Lebanese insurance industry, which is dominated by three segments: life, medical and motor. Based on the latest available data, together these segments accounted for almost 85% of Lebanon’s gross written premium (GWP) in 2018.
10 countries account for 80% of Africa COVID-19 testing:Africa CDC
COVID-19 confirmed cases across Africa have accelerated and are close to hitting a million this week, and experts say low levels of testing in many countries means infection rates are likely to be higher than reported.
Munich Re hit with Covid-19 losses of $832 million in Q2
The company did slightly raise its outlook for premium income to 54 billion euros, from the previous 52 billion euros.
That followed an increase in premium volume in the July round of reinsurance renewals by 8.3%, with prices rising 2.8%.