Plenum estimates that the volume of catastrophe bonds in funds...
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Industry should realign itself keeping political strategic policies in mind Nirmala Sitharaman
"Supply chains will have to be restored but you would have to reset...
Insurers’ climate losses almost match premiums from fossil fuels
On average, fossil-fuel premiums account for less than 2% of total...
Moderna CEO says vaccine likely to protect for ‘couple of years’
“The nightmare scenario that was described in the media in the spring with a vaccine only working a month or two is, I think, out of the window.The antibody decay generated by the vaccine in humans goes down very slowly (…) We believe there will be protection potentially for a couple of years,” Moderna CEO Stephane Bancel said
Peruvian minister raises ‘controversy’ over Pfizer vaccine liability clause
Several other countries, including Brazil and Argentina, have raised concerns about liability waivers in their negotiations with Pfizer.
World Bank officials said on Tuesday they were working with countries to address the liability waiver issue which they said had emerged as one of the key obstacles to sealing vaccine supply deals.
10,000 govt offices to be declared ‘green’ in Kerala on January 26
The ‘green office’ would strictly adhere to the ban on plastic and disposable articles, removal of unused furniture and e-waste and installation of waste treatment facilities for the disposal of organic and inorganic waste and introduction of eco-friendly utensils.
WhatsApp updates terms of service, privacy policy for users
”Our updated Terms and Privacy Policy provide more information on how we process your data, and our commitment to privacy.For example, we’ve added more information about more recent product features (like catalogs/ add to cart feature, etc) and functionalities, how we process your data for safety, security and integrity, and added more direct links to user settings, Help Center articles and how you can manage your information,” the spokesperson said.
Jack Ma’s disappearing act fuels speculation about billionaire’s whereabouts
China’s highest-profile entrepreneur has not appeared in a public setting since a late October forum in Shanghai where he blasted China’s regulatory system in a speech that put him on a collision course with officials, resulting in the suspension of a $37 billion IPO of Alibaba’s Ant Group fintech arm.
Brazil’s Braskem settles lawsuits over sinking city for $1.75 bln
A federal study found that Braskem’s salt mines were the cause of cracks that destabilized homes, although Braskem had previously said that the study is flawed. The damages have affected more than 9,000 homes and some 17,000 residents must be relocated.
India working on plan to develop coastal regions, says PM
Indian companies are spending billions of dollars to build infrastructure as the country wants to raise the share of gas in its energy mix to 15% by 2030 from about 6% now.
A COVID-19 shot for $150? Online scams surge as slow vaccine rollout frustrates
Scams include emails promising entry to supposedly secret lists for early vaccine access and robocallers impersonating government agencies. Message boards on the so-called dark web have added COVID-19 vaccines to more traditional illicit goods for sale.
Bird flu: J-K, K’taka, Tamil Nadu on alert; culling of chickens and ducks starts in Kerala
In Madhya Pradesh, officials said that 155 dead crows in Indore have been found with the H5N8 strain since the pathogen was first detected in the city a week back, while in Rajasthan, after Jhalwar, birds in Kota and Baran were found with the infection. However, no cases have been reported yet in Maharashtra, which shares borders with Madhya Pradesh.
1 Jan renewals:Reinsurers arrest downward pricing, say no to ongoing Contagious Disease exposures
Improving investment markets, retained earnings and newly raised capital helped global reinsurance capital levels to recover rapidly during 2020, ending the year 3% higher than at year-end 2019.
For buyers, terms and conditions have overall been less onerous than initially feared again revealing the efficient working of the global reinsurance market,
Emerging COVID-19 losses, often advised only late in the renewal process or yet to be advised, triggered technical discussions of primary policy coverage and reinsurance treaty wordings.
Both remain in the early stages of deliberation, so, sensibly, most programmes renewed without considering any potential COVID-19 losses, leaving time for more measured discussions and subsequent adjustments.