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Here is a masonry blog layout with no sidebarCompanies face five liability risk trends during Covid-19 pandemic:Allianz
“Pricing in the liability insurance market may have turned in recent months, however social inflation trends and large court verdicts continue in the United States. This combined with expanded exposures for non-US companies doing business in the US and an increase in automotive part recalls are putting pressure on liability insurers,” said Ciara Brady, Global Head of Liability at AGCS.
“Overlay this with the uncertain economic outlook, political instability and unknown impacts from coronavirus and this is creating a challenging market for clients, brokers and insurers alike. While we have to react to new loss trends in underwriting, AGCS remains committed to supporting our clients with solid risk transfer solutions and capacity to address today’s liability exposures,” said Ciara.
AstraZeneca suspends leading COVID-19 vaccine trials after a participant’s illness
The vaccine, developed with the University of Oxford, has been described by the World Health Organization as probably the world’s leading candidate and the most advanced in terms of development. The suspension dims prospects for an early rollout amid reports that the United States was aiming for a fast-track approval before the November presidential election.
COVID-19: India reports 89,706 fresh cases; death toll rises to 73,890 with 1,115 fatalities
“SCOR well positioned to capture profitable growth opportunities”:Kessler
Kessler commented: “With the Covid-19 pandemic, SCOR has once again demonstrated its capacity to absorb major shocks combined with the resilience of its business model. Regarding the assessment of our exposure to the Covid-19 pandemic that we provided at the end of July 2020, on the P&C side, claims are developing as expected. On the life side, at this stage, claims experience is emerging better than expected. In addition, the pandemic has also exacerbated society’s growing aversion to risk, creating the conditions to drive stronger growth for the reinsurance industry.
First batch of Russia’s Covid-19 vaccine Sputnik V released into public
“The first batch of the ‘Gam-COVID-Vac’ (Sputnik V) vaccine for the prevention of the new coronavirus infection, developed by the Gamaleya National Research Center of Epidemiology and Microbiology of the Ministry of Health of Russia, has passed the necessary quality tests in the laboratories of Roszdravnadzor (medical device regulator) and has been released into civil circulation,” the ministry said in a statement.
India to have 220 GW renewable energy capacity by 2022: PM
“Technology holds the key to scale up the use of solar energy. Technological advancements have already brought about a significant reduction in the price of solar power. A further reduction in the cost will provide a major boost to the use and expansion of renewable energy,” Prime Minister Narendra Mod said in the message.
India’s child mortality rate declined between 1990 and 2019: UN
Passenger vehicle retail sales fall 7% in August: Automobile dealers’ body FADA
Total sales across categories declined 26.81 per cent to 11,88,087 units last month as against 16,23,218 units in the year-ago month.
Total sales across categories declined 26.81 per cent to 11,88,087 units last month as against 16,23,218 units in the year-ago month.
Entry level passenger vehicles were in high demand as personal mobility is being preferred with current pandemic showing no signs of slowing down, he added.
FADA(Federation of Automobile Dealers Associations) President Vinkesh Gulati noted that urban centres were also now showing signs of recovery.However, the overall demand is still not back to pre-COVID-19 levels as banks and non-banking finance companies (NBFCs) continue to have a cautious approach towards funding, especially commercial vehicles, he added.
Boeing finds new problem with 787 that will delay deliveries
EPFO decides to credit part of 8.5% interest for FY20: Report
The decision to provide 8.15 per cent interest on EPF has been taken at the Employees’ Provident Fund Organisation’s (EPFO) trustees meet held on Wednesday, a source told PTI.
The remaining 0.35 per cent rate of interest on EPF for 2019-20 would be credited into the subscribers account in December this year, the source further said.
Climate change may cause 26% habitat loss for snow trout in Himalayan rivers: Study
The study says mountain systems across the globe are conspicuously sensitive to on-going climate alterations and the condition is much more detrimental in the Himalaya, where the rate of warming, and thus the glacier meltdown, is much higher than elsewhere.
The study reiterates that if the countries across the globe continue their greenhouse emissions as usual (mentioning it as the ‘business-as-usual scenario’), “the species (snow trout) would lose a net habitat of 16.29% till the year 2050 which would further increase to 26.56% in the year 2070.”
“As it stands, the snow trout faces serious threats due to river valley modifications, destructive fishing practices and exotic salmonid introductions,” it says.
Mahindra Insurance Brokers launches paybima.com
Jaideep Devare, managing director, Mahindra Insurance Brokers said, “The financial services industry is witnessing the rise of a new tech-savvy millennial customer segment, augmented by increasing internet penetration and smartphone usage. PayBima, with its advanced analytics and personalised customer journeys, reinvent our offerings and leverage technology to cater to the evolving needs of our customers.”
RBI in process of constructing digital payment index to assess extent of digitisation: Exec director
“RBI is in the process of…constructing and periodically publishing a composite digital payment index (DPI) to capture the extent of digitisation. The DPI could be the key to accurately measure the deepening and penetration of digital payments across the country,” he said while addressing a webinar organised by the US-India Business Council.
Pandemic e-commerce surge spurs race for ‘Tesla-like’ electric delivery vans
UPS, Amazon.com Inc and other e-commerce delivery companies are both creating and shaping the emerging market for electric vans and trucks. Economics and competitive advantages created by data will drive the market for electric commercial vehicles.
Demand for electric commercial vehicles is accelerating in part because battery range, long a concern for fleets, has improved dramatically, while battery costs have fallen.
UK PM plans law banning large gatherings as COVID-19 cases rise
“We need to act now to stop the virus spreading. So we are simplifying and strengthening the rules on social contact making them easier to understand and for the police to enforce,It is absolutely critical that people now abide by these rules and remember the basics washing your hands, covering your face, keeping space from others, and getting a test if you have symptoms,” UK Prime Minister Boris Johnson said.
‘Biden’s climate plan will give free pass to worst polluters like China, Russia, India’
US President Donald Trump has repeatedly blamed China, India and other countries for allegedly not doing enough for the climate.
He has also blamed India and China for his decision in 2017 to withdraw from the historic Paris climate accord, saying the agreement was unfair as it would have made the US pay for nations which benefited the most from the deal.
Indian Oil gets USTDA support in its green tech endeavour
The US Trade and Development Agency’s (USTDA) funding will support state-owned IOC’s evaluation of technologies to capture and utilise carbon dioxide produced during refinery operations, presenting a novel and cost-effective environmental strategy that can be expanded to other refineries in India, according to a statement on Wednesday.
India reports record daily jump of 95,735 Coronavirus cases
In the last 24 hours, 95,735 new infections were detected, with 1,172 deaths accounting for the highest single-day mortality figures in more than a month, to push the toll beyond 75,000.
The COVID-19 fatality rate has further dropped to 1.68 per cent while the recovery rate was recorded at 77.74 per cent
There are 9,19,018 active cases in the country which comprise 20.58 per cent of the total caseload, the data stated