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Pandemic

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India poised for double-digit growth this fiscal; disinvestment climate looks better: Niti VC

”We are now hopefully getting past our (COVID-19) pandemic… and the economic activities will be strengthened as we get into the second half of this (fiscal) year given what I have seen for example various indicators, including the mobility indicators,” Kumar told PTI in an interview.

The Indian economy has been adversely impacted by the coronavirus pandemic and the recovery has been relatively sluggish in the wake of the second COVID wave.

Too early to say anything on Kappa variant: UP doctor on Covid’s new strain

“It is too early to say anything (on Kappa variant). When we tracked the patient’s medical history, we found that he experienced a very high fever and breathing difficulty in a very short span of time. He was admitted in a very critical condition and died after almost 5 days,” Dr Amresh Singh, assistant professor, and Head Microbiologist at BRD Medical College in Gorakhpur told ANI.

Genetic flashpoints: Why Covid-19 hits some people harder than others

“Such studies are a little akin to panning for gold. We know our genetic makeup contributes to why some people are more susceptible to viral infections. By sifting through the DNA of enough people, researchers hope to discover a eureka moment explaining why, said Mark Daly, a study co-author who is the director of the Institute for Molecular Medicine Finland at the University of Helsinki and a geneticist at Harvard University..

Insurers anticipated a pandemic but could have responded better,says exec

David Williams, managing director of underwriting and technical services at AXA Insurance UK PLC.said the industry’s response to previous virus outbreaks, such as Severe Acute Respiratory Syndrome, or SARS, and the H5N1 avian flu strain, was “why we’ve ended up in a situation where 98% of business interruption policies in the U.K. don’t include the impacts of COVID-19.”

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Lloyd’s calls for state-backed ‘Black Swan’ reinsurance

The Black Swan cover could be used to ensure payments after catastrophes such as a cyber attack or solar storm destroying critical infrastructure, as well as for pandemics, Lloyd’s said in a report published on Wednesday.

“Our concern is you solve for pandemic and you don’t solve for the next disaster,” Lloyd’s Chief Executive John Neal told Reuters.

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Insurers secure sufficient reinsurance capacity at the 1 July and 1 June renewals:Willis Re  

In general,the longstanding underlying issues of rate inadequacy continued to fuel measured rate adjustments in many classes and geographies, led by the U.S. treaty market.Double-digit risk-adjusted reinsurance price increases were seen for loss-hit catastrophe treaties and ranged from +10% to +20% for the programs of Australian and Latin American insurers,to as much as +35% in the Florida homeowner renewals.
Collectively reinsurers are recognising that COVID-19 losses, which currently are reported at about $7 billion, may take several years to settle which will spread out reserving over many quarters.

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From Parkinson’s to peanut allergy, pandemic puts brakes on new drugs

Neurocrine Chief Executive Kevin Gorman said in an interview that many neurologists had been redirected to fighting the pandemic, leading to delaying Ongentys until later in 2020. The delay to Palforzia, Aimmune’s sole approved drug, means the company will not generate any revenue until later this year, prompting it to halt new hires in a bid to preserve its $370 million of cash.

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