Preliminary estimate of 5th December devastation out of...
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WHO releases guidelines on chronic low back pain
Low back pain is the leading cause of disability globally. In 2020,...
Auto cos unveil comprehensive service plan to serve flood-affected customers
"The cyclone Michaung has had a severe impact on the lives and...
General and health insurers launch mandatory Corona covers,Bajaj Allianz General’s prm ranges between Rs447 to Rs 5,630 for a Rs 50k policy
The ‘Corona Kavach’ policy indemnifies policyholders for medical expenses on hospitalization for the treatment of the virus and includes the expense incurred on treating co-morbidity along with COVID-19. The policy will also cover road ambulance expenses, in case the service is opted for the purpose of hospitalization due to COVID-19. Home Care Expenses benefit (upto a period of 14 days) will also be covered in the policy for those seeking treatment within the comfort of their own homes, on the advice of a medical practitioner,said HDFC Ergo General Insurance.
Record single-day jump of 26,506 COVID-19 cases in India
Why reveal names of COVID-19 patients? it involves privacy: Bombay HC
The PIL said when the fundamental right to life and right to lead a healthy life clash with the fundamental right to privacy, then the court needs to see which of these rights would advance public morality and interest.
Covid-19 Pandemic:General insurance industry returns to growth path in June,NIA’s market share at a record 19% in Jun qtr
The industry, at Rs 13,961 crore,has seen a growth 8 per cent year- on- year growth in June but at Rs 39,392 crore has recorded a degrowth of 4.24 per cent y-o-y in June quarter.
However, for first quarter ending in June, the industry with 33 players ,have remained in the negative zone in its premium income.
The month of June has witnessed a lot mid and large private sector companies, which had recorded a negative premium growth in the last three months- March, Apr and May-have returned to the positive growth path.Some of these companies are- ICICI Lombard General Insurance, the largest private sector general insurer, HDFC Ergo Genera Insurance,IFFCO Tokio General Insurance,Reliance General Insurance,SBI General Insurance Company, Kotak Mahindra General Insurance Company, Magma HDI General Insurance Company and Universal Sompo General Insurance, .
However except Kotak Mahindra General Insurance and Universal Sompo General Insurance Company, rest in the pack has degrown their premium in June quarter. .
Billion-dollar June hail event becomes one of Canada’s costliest severe weather events on record, Aon cat report
Meanwhile, several severe weather outbreaks in the United States in June resulted in an economic loss exceeding USD2.3 billion. The costliest event was a prolonged weather pattern from June 5-11 across much of the eastern two-thirds of the United States that caused total economic losses estimated at USD800 million, of which more than USD600 million was insured.
Business interruption insurance claims are a worry, BoE says before court rules
Britain’s Financial Conduct Authority goes to court this month to clarify whether an array of wordings in business interruption insurance policies back claims for compensation for disruptions caused by pandemic lockdowns.
Chubb wants U.S. to offer businesses pandemic cover, with insurers taking some risk
Under Chubb’s plan, the government would offer up to $750 billion in coverage for small businesses with up to 500 employees. Of that, the industry would pay for 6% of claims, or up to $15 billion, during the program’s first year, growing annually to 12% by year 20. COVID-19, the disease caused by the novel coronavirus, would be excluded.
India’s COVID tally climbs to 7,67,296
“Around 62.08 per cent of patients have recovered so far,” an official said.
Of the 487 deaths, 198 are from Maharashtra, 64 from Tamil Nadu, 54 from Karnataka, 48 from Delhi, 23 from West Bengal, 18 from Uttar Pradesh, 16 from Gujarat, 12 from Andhra Pradesh,
Tesla ‘very close’ to level 5 autonomous driving technology, Musk says
Tesla is also developing new heat projection or cooling systems to enable more advanced computers in cars, Musk said, hailing the company’s team in China for doing an “amazing job”.
Global coronavirus cases rise to more than 12 million
There have been more than 546,000 deaths linked to the virus so far, within the same range as the number of yearly influenza deaths reported worldwide. The first death was reported on Jan. 10 in Wuhan, China before infections and fatalities surged in Europe and then later in the United States