Nine in 10 deaths occurred in low and middle-income countries, and...
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Key risk trends for Directors and Officers in 2024: Allianz
Insolvencies are rising, geopolitical uncertainty is considerable,...
ACKO appoints Aravind Sampathkumaran as senior vice president, Core Products
ACKO has appointed Aravind Sampathkumaran as Senior Vice President,...
Single-day spike of 29,429 COVID-19 cases in India
Of the 582 new deaths reported, 213 are from Maharashtra, 85 from Karnataka, 67 from Tamil Nadu, 43 from Andhra Pradesh, 35 from Delhi, 28 from Uttar Pradesh, 24 from West Bengal, 14 each from Bihar and Gujarat , 10 each from Madhya Pradesh and Telangana.
63.24 per cent of patients have recovered so far
‘Hands free’: Automakers race to next level of not quite self-driving cars
Most traditional automakers until recently had resisted allowing drivers to take their hands off the steering wheel for extended periods, concerned about product liability claims. Now, hands-free driving systems offer a new and sorely needed source of profit for automakers and suppliers such as Aptiv Plc , especially when this technology is packaged with other extra-cost options.
Joe Biden announces $2 trillion climate plan, vows to rejoin Paris deal
“We’re going to reverse Trump’s rollbacks of 100 public health and environmental rules – and then forge a path to greater ambition. We’re going to get back into the Paris Agreement – and back into the business of leading the world,” Democratic presidential nominee Joe Biden said in a major policy address on climate change, which he said poses a serious threat the mankind.
Coronavirus Pandemic:Indian airlines staring at Rs 1.1-1.3 lakh crore revenue loss over 3 years: CRISIL
Curtailed mobility of people due to the COVID-19 pandemic and related restrictions will shrink domestic air passenger traffic by 40-45 percent and international traffic by 60-65 percent, respectively, this fiscal, the report said.
With the COVID-19 pandemic still raging in much of the world, a revival to pre-pandemic levels appears unlikely even next fiscal, it said.
This is a serious jolt to the Indian domestic air travel industry that had logged double-digit growth in seven of the past ten fiscals before its fortunes took a turn for the worse with the bankruptcy and grounding of a couple of major carriers, the report added.
Positive news on Oxford/AstraZeneca COVID-19 vaccine could come Thursday:report
AstraZeneca’s experimental vaccine is probably the world’s leading candidate and most advanced in terms of development, the World Health Organization’s chief scientist said in June.
The company has signed agreements with governments around the globe to supply the vaccine should it be cleared for use.
A second wave could eat into insurers’ capital:S&P
Currently estimates of insured losses from COVID-19 vary and include V.J. Dowling’s $80 billion to the Lloyd’s estimate $107 billion and Willis Towers Watson’s $140 billion. The consensus is that the bulk of the losses will come from event insurance, business interruption and entertainment. S&P expects the bulk of claims to be reported in Q2 and Q3. However, it warns, losses could escalate if conditions worsen beyond the current recovery scenario.
Willis appoints Fabien Conderanne as Regional Head of Financial Solutions in Asia Pacific
Scott Burnett, Head of Asia and Head of Corporate Risk and Broking for Asia at WTW adds, “We now live in extraordinary times where the relevance of our solutions and services to our clients has never been more urgent. We invest the time and resources to understand each client’s business, as well as the economic and credit risks that arise from operating in a world where geopolitical threats and regulations are in constant flux. Fabien’s appointment reflects both a commitment to grow our talent and support our clients so that they can build resilience, wherever they operate in Asia.”
India’s COVID-19 tally crosses 9 lakh with 28,498 fresh cases; death toll climbs to 23,727
The march of coronavirus infection in the country has picked up pace with the number of cases increasing by more than 26,000 for the fifth consecutive day. It took 110 days for the COVID-19 cases in the country to reach one lakh and just 56 days more to go past the nine-lakh mark.
Around 63.02 per cent of patients have recovered so far.
Six Harvey Weinstein accusers call $18.9 million New York settlement a ‘cruel hoax’
In a Manhattan federal court filing, the six women said accusers would receive just $11.2 million after deducting legal fees and costs, with typical awards of just $10,000 to $20,000, while shielding the defendants’ insurers from big payouts.
They also complained that the accord “absolved” Weinstein, his brother Bob Weinstein and the board of liability, while setting aside another $15.2 million to help cover their defense costs.
Covid-19 Pandemic:Global reinsurnace capital shrinks by 6 % to $590 bn,tightening of reinsurance capacity expected:AON
Many reinsurers reported losses for the first quarter, driven by asset write-downs and the first installment of claims associated with the effects of the pandemic. The combined pre-tax loss for the 18 constituents of Aon’s Reinsurance Aggregate (‘the ARA’) that reported was USD3.8 billion.The average combined ratio was 103.2 percent, with USD3 billion of COVID-19 related losses recognized.