Category:

Risk Management

Road crashes in India increase household poverty and debt:World Bank

The report also brings out the sharp rural-urban divide and the disproportionate impact on women. The survey shows that the income decline for low-income rural households (56 percent) was the most severe compared to low-income urban (29.5 percent) and high-income rural households (39.5 percent). Women bore the burden of crashes across poor and rich households, often taking up extra work, assuming greater responsibilities, and performing caregiving activities after a crash. About 50 percent of women were severely affected by the decline in their household income after a crash.

About 40 percent of women reported a change in their working patterns post-crash, while around 11 percent reported taking up extra work to deal with the financial crisis.

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COVID-19: Centre issues fresh SOPs, allows offices to resume work after disinfection

Staff should take their temperature regularly and check for respiratory symptoms and must see a doctor if they feel unwell or show flu-like symptoms. Besides, staff and waiters should wear mask and hand gloves and take other required precautionary measures. The seating arrangement has to be done to ensure a distance of at least six feet, the SOPs stated.

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Himalayan rescuers recover more bodies as flash flood death toll rises to 50

Uttarakhand is prone to flash floods and landslides. The disaster has prompted calls by environmental groups for a review of power projects in the ecologically sensitive mountains.

A team of scientists are investigating if a piece of a Himalayan glacier did fall into water and trigger the flood.

There are about 10,000 glaciers in the Indian Himalayas. Uttarakhand itself has up to 1,495 glaciers and many are receding due to the warming climate.

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EU expert group at odds over how to resolve tech, carmakers’ patent dispute

Tech firm Nokia and automaker Daimler are locked in battle in German courts over the level of royalties for key navigation and communications technologies and who should pay them.

The issues are relevant for the wider digital and electronics sectors and internet-connected devices in energy, health and smart manufacturing, prompting EU regulators to look into the matter.

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German cabinet approves legislation to ban glyphosate from 2024

Glyphosate, first developed by Bayer’s Monsanto under the Roundup brand, has generated intense global debate over its safety since a World Health Organization agency concluded in 2015 that it probably causes cancer.

While regulators worldwide have determined glyphosate to be safe, Bayer agreed in June to settle nearly 100,000 U.S. lawsuits for $10.9 billion, denying claims that Roundup caused cancer.

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Florida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes

Florida’s domestic property insurers reported a more than $1 billion underwriting loss for the first three quarters of 2020 and almost $500 million in negative net income, according to the Florida Office of Insurance Regulation.

Florida’s domestic property insurers reported a more than $1 billion underwriting loss for the first three quarters of 2020 and almost $500 million in negative net income, according to the Florida Office of Insurance Regulation.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.
The rate increases in Florida, the third-largest property insurance market among U.S. states, are the highest in memory, according to some insurance agents and residents. One danger, they say, is that the new rates could make owning a home in Florida unaffordable.

Florida’s property insurance market, which collected $56.6 billion in premiums during 2019, is unique and covers complex risks including devastating hurricanes and the impact of climate change.

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