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Exxon, under investor pressure, discloses emissions from burning its fuels

Most major oil companies already report Scope 3 emissions and some have reduction targets, including Occidental Petroleum, which in November set a goal to offset the impact of the use of its oil and gas by 2050. Exxon said it made the disclosure due to investor interest.
The so-called Scope 3 data is included in its latest Energy & Carbon Summary released

Severe allergic reactions reported in the US after getting COVID-19 vaccine, but CDC says cases are rare

The Centers for Disease Control and Prevention said early safety monitoring has detected 21 cases of anaphylaxis, a severe allergic reaction, after receiving the Pfizer-BioNTech COVID-19 vaccine.

Anaphylaxis is a serious, life-threatening allergic reaction and requires immediate medical attention, according to the American Academy of Allergy Asthma & Immunology. Symptoms can include skin rash, nausea, vomiting, difficulty breathing and shock. The most common anaphylactic reactions are to foods, insect stings, medication and latex.

Natural disasters cause $210 billion in damage in 2020, insurer says

Losses that were insured rose to $82 billion from $57 billion in 2019, Munich Re said. They add to the burden of the coronavirus pandemic that has hit the insurance industry hard.

“Climate change will play an increasing role in all of these hazards,” said Munich Re board member Torsten Jeworrek, pointing to hurricanes, wildfires and other storms.

“It is time to act,” he said.

Loan repay demand by official is not abetment to suicide: HC

the demand of outstanding loan amount from the person who was in default of payment of loan amount, during the course of employment as a duty, at any stretch of imagination cannot be said to be any intention to aid or to instigate or to abet the deceased to commit suicide,” HC said
There have some cases recently in Telangana of people reportedly ending their lives after they were harassed to pay back loans given in alleged violations of regulatory guidelines to gullible and needy victims facing economic hardships,
 

Final industry loss footprint for Australia’s 2019/2020 Bushfires at AUD 1,866m: PERILS

“One year on from the Black Summer bushfires, this release of the final loss report provides a timely reminder of the devastation such an event can cause to local
communities. This was one of several major Cat events to impact Australia in 2020, with the insurance industry playing a critical role in enabling affected communities to rebuild during the year. The detailed data resolution in this updated industry loss footprint can enhance the insurance industry’s understanding of the impact of future bushfire events as there is always more to learn about these devastating losses.”

LIC policyholders get a 2nd chance to revive their lapsed policies in current fiscal

Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years from date of the first unpaid premium subject to terms & conditions.
In the revival scheme,for upto premium payment upto Rs.1,00,000, a policy holder can avail 20 per cent discount(subject to a maximum of Rs. 2000), for premium payment of Rs 1,00,001 to Rs 3,00,000,a discount of 25 per cent ( subject to a maximum of Rs. 2500) and fom Rs 3,00,001 and above,a discount of  30 per cent     (subject to a maximum of Rs. 3000).

Certain other concession in health requirements is also being offered subject to eligibility. Most policies can be revived only on the basis of a declaration of good health and a covid questionnaire to be submitted by the proposer/life assured. 

COVID recoveries cross 1 cr-mark; recovered cases are 44 times number of active cases

The national COVID-19 recovery rate stands at 96.36 percent. Following the national pursuit, all states and union territories have recovery rate more than 90 percent.

“India’s recovery rate is the highest in the world. Countries with higher caseload are reporting lesser recovery rate than India’s,” the ministry underlined.

With the expansion in the testing infrastructure, the COVID-19 positivity rate of India has also gone down. The daily positivity rate remains below 3 per cent.

India predicts GDP 7.7% contraction, likely to prompt steps to boost growth

The government’s annual budget for next financial year, due to be presented on Feb. 1, is expected to increase spending on new roads, ports and provide incentives for manufacturers, to propel the economy out of its slump.

The economy contracted by a record 23.9% in the April-June quarter following a national lockdown to prevent the spread of the coronavirus. The contraction was reduced to 7.5% in the September quarter.

Thai Re launches ASEAN’s first reinsurance smart contract platform using IBM’s blockchain and hybrid cloud technology

Through the launch of its “Insurer Network” platform on IBM Cloud, Thai Re will streamline how it handles more than 10,000 annual reinsurance contracts with its insurance partners, making it easier for those insurers to grow their businesses.

Using blockchain technology on the highly secured IBM Cloud, the platform will allow Thailand’s insurance industry to gain efficiency and speed in processing the reinsurance contracts.

Private investigators’ body APDI forms global alliance against fake Covid-19 vaccines

APDI Chairman Kunwar Vikram Singh in a statement said, “The GAFV has been formed after reports emanating from several countries about the circulation of fake Covid vaccines. Already, Europol, the European Union’s law enforcement agency, has issued a warning of fake vaccine circulation due to huge demands.”

WHO calls for intensified measures over ‘alarming’ virus variant

“This is an alarming situation, which means that for a short period of time we need to do more than we have done and to intensify the public health and social measures to be certain we can flatten the steep vertical line in some countries,” WHO’s regional director for Europe Hans Kluge, said, referring primarily to the new variant first discovered in the UK.