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Non-Life

In Mumbai’s slums,over half of population probably infected with coronavirus,survey says

Suresh Kakani, an official at Mumbai’s civic body, said the results of the serological survey showed that the city may be inching towards herd immunity.
Around 65% of Mumbai’s 12 million people live in the cramped, airless slums, making for easy transmission of the disease. The survey found that only 16% of those living outside the slums had been exposed to the virus, the low proportion likely the result of social distancing and lockdowns.
About 57% of slum-dwellers have tested positive for antibodies for the coronavirus, from a random sample size of 7,000 people, according to the survey jointly conducted by Mumbai’s municipality, government think tank Niti Aayog and the Tata Institute of Fundamental Research.

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Floods,coronavirus hobble two of India’s poorest states

The floods in Assam, where at least nine one-horned rhinos have drowned in an inundated national park, have so far affected 5.7 million people, more than 45,000 of whom are still sheltered in makeshift relief centres.

In Bihar, floods have stranded more than 2.4 million people, with around 12,800 staying in government shelters, complicating efforts by officials to enforce social distancing measures to halt the spread of the novel coronavirus in the state.

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InsurTech fundraising rebounds as over $1.5 billion invested in Q2 2020; four more ‘mega-rounds’ completed

At 74, deal count was down 23% from Q1, but many individual rounds were larger as investors continued to turn away from Seed and Angel deals in favour of support for more mature ventures. P&C sector investments predominated, accounting for 68% of funding, but the share of L&H sector investments was up 17 points to 32%, as the pandemic crisis continues to compound the value of technology, and particularly telehealth, in the segment. Also notable was the initial public offering of Lemonade and the acquisition of two incumbent insurance companies by InsurTechs, Hippo and Buckle

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Global airlines less hopeful on COVID-19 recovery

“The second half of this year will see a slower recovery than we’d hoped,” IATA Chief Economist Brian Pearce said. June passenger numbers were down 86.5% year-on-year, the organisation said, after a 91% contraction in May.
Recovery prospects are weakened by the spread of COVID-19 in the United States and developing countries together representing 40% of global air travel, IATA said.

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