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Pandemic

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World leaders pledge to redouble pandemic fight at special APEC meeting

“The pandemic continues to have a devastating impact on our region’s people and economies,” the leaders said in a joint statement issued after a virtual meeting chaired by New Zealand.

“We will only overcome this health emergency by accelerating equitable access to safe, effective, quality-assured, and affordable COVID-19 vaccines,” they said.There have been over 50 million cases of COVID-19 within APEC’s borders, with over 1 million deaths. APEC-wide GDP contracted by 1.9% in 2020.

After COVID revenue collapse, Canadian municipalities face insurance premium spike

Cities need insurance to protect against claims in the event of accidents on municipal properties or roads, and to deal with risks including cyber attacks and natural disasters – so forgoing coverage is not an option.
Accident-related lawsuits against cities and settlements have risen alongside cyber attacks and natural disasters, both domestically and globally, even as bond yields have slid, resulting in more stringent underwriting standards and higher premiums around the world.

Won’t lift lockdown just to address economic concerns:Maha CM Thackeray

“Many people are opposing lockdown. They say that lockdown is affecting the economy. To such people, I would say that I am ready to lift the lockdown, but if people die due to it, would you take the responsibility?…Even we are concerned about the economy,” Maharashtra Chief Minister Uddhav Thackeray said.

On the restarting of the suburban railway network in Mumbai, he said, “What if families fall ill and their houses are sealed? Therefore, everything would be done step-by-step.”

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Shadow of second wave of the virus spoils world leaders’ efforts to restore normality

From Italy to New Zealand, irrespective of how well the virus was contained, governments acknowledge that fresh waves of the deadly coronavirus are likely and that the policy tools to mitigate the damage are limited.The hope is that localizing quarantines to towns, cities and regions will be enough to snuff out bouts of infections as they come.

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Why COVID-19 is killing U.S.diabetes patients at alarming rates

America’s mortality rates from diabetes have been climbing since 2009 and exceed most other industrialized nations. Blacks and Latinos suffer from diabetes at higher rates than whites and have disproportionately suffered from COVID-19.

“Diabetes was already a slow-moving pandemic. Now COVID-19 has crashed through like a fast-moving wave,” said Elbert Huang, a professor of medicine and director of the University of Chicago’s Center for Chronic Disease Research and Policy.

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Record numbers of coronavirus cases in every global region

“We will not be going back to the ‘old normal’. The pandemic has already changed the way we live our lives,” World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus said this week. “We’re asking everyone to treat the decisions about where they go, what they do and who they meet with as life-and-death decisions – because they are.”

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WHO chief says comments questioning his independence ‘untrue and unacceptable’

A WHO advance team has been in China for nearly two weeks, organising a WHO-led international mission to investigate the origins of the virus. Scientists believe it emerged in a food market in the central city of Wuhan late last year.Director General Tedros Adhanom Ghebreyesus said the WHO was seeing intense transmission of the coronavirus in relatively few countries.

“Two-thirds of all cases are from 10 countries. Almost half of all cases reported so far are from just three countries,” he said, referring to the United States, Brazil and India.

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Lloyd’s approves “Syndicate-in-a-Box”,to insure transport of future COVID-19 Vaccine

Syndicate 1796 has been developed by Parsyl, an insurance technology company and Lloyd’s Lab alumni, in close partnership with Ascot as managing agent, and in cooperation with AXAL XL, McGill and Partners and Gavi, the Vaccine Alliance. The Syndicate forms the foundation of the new Global Health Risk Facility (GHRF) at Lloyd’s, which aims to provide comprehensive insurance and risk mitigation services to support the manufacturing and distribution of COVID-19 vaccine development efforts. It aims to start writing business from 1 October 2020.

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