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Here is a masonry blog layout with no sidebarCars, a cocktail and a celebrity: South Koreans succumb to Tesla fever
Tesla’s rising popularity among affluent professionals in South Korea, who have been relatively unscathed by the pandemic, is one of many feathers in its cap.Highlighting the threat it poses to established brands, Tesla last week surpassed Toyota Motor Corp as the world’s most valuable automaker while its second-quarter deliveries smashed expectations at a time when sales at rivals have been laid low by the pandemic.
South Korea’s generous subsidies of 12.43 million won ($10,380) for the Model 3 have definitely helped sales, bringing the car’s price down to less than $40,000, but the Silicon Valley automaker has also generated a genuine buzz.
India arrests South Korean CEO,11 others for gas leak at LG Polymers
Toxic styrene gas leaked from the chemical plant choking many people who were sleeping.
This week, a government-appointed committee recommended that the plant should be shifted away from human habitation and called for action against the top employees. It said LG Polymers had been negligent and warning systems were not working.
Masks,disinfectant,social distancing:Japan responds to disaster amid coronavirus
Covid 19 Pandemic:Generali launches a new system for remote facility inspection for large companies
• Generali Global Corporate & Commercial Iberia & LatAm has developed an exclusive remote facility inspection system available on mobile
• This innovative solution simplifies processes for clients and brokers contingent on Covid pandemic travel bans
• The inspection system has been set up on a permanent basis for risk management and analysis
Australian Bushfires cause insured Losses of S$1.3B: PERILS
As insurers face hefty pandemic losses,newcomers see chance to step in
A lot of firms are reducing the amounts of business they do in certain types of insurance, creating space for new entrants, said Convex deputy chief executive Paul Brand.Investors’ appetite for higher returns when central banks are putting in trillions of dollars in stimulus is attracting them to insurance.Broker Hyperion estimates around $16 billion in capital has already been raised by insurers this year, compared with $9 billion over the same period last year.
Beazley launches booking system for virtual broker meetings
Built in collaboration with Microsoft and IT consultancy Redspire, Beazley Booking uses Microsoft’s low code platform Power Platform to create a simple web application that brokers can access using a secure log-in provided by Beazley.
Beazley Booking enables brokers to view underwriter availability, book a meeting time, upload an agenda and documents in advance and view all of their scheduled meetings with Beazley underwriters. It aims to ensure brokers retain consistent access to their underwriting contacts during social distancing and beyond as the insurance industry adopts more flexible working practices in the long term. It also provides underwriters with access to a detailed log of broker enquiries and appointments on a fully secure system.
Siberian temperatures hit June record, fires spread: EU data
The World Meteorological Organization is also seeking to confirm reports of a temperature reading of more than 100°F (38°C) in Siberia, which would be the highest temperature recorded north of the Arctic Circle.
“What is worrisome is that the Arctic is warming faster than the rest of the world,” said Carlo Buontempo, director of the Copernicus Climate Change Service.
Govt shelves merger plans among UII,OIC and NIC,to infuse Rs10,000 cr of fresh capital into 3 cos
The Cabinet also approved increase in authorised share capital of NIC to Rs.7,500 crore and that of UIIC and OlC to Rs 5,000 crore respectively to give effect to the capital infusion.
The capital infusion of Rs.3,475 crore will be allocated to three PSU general insurers as the first tranche in the current financial year and the. balance amount will be released in one or more tranches.
Travelers are venturing out again but avoiding planes, international trips, survey shows
IRDAI forms panel to explore possibility of an “Indian Pandemic Risk Pool”, to address BI risks arising out of a Pandemic event
There is a need to examine long-term solutions to address the various risks which have been triggered by the current pandemic and offer protection in case of a future similar crisis.Some of the risks like Business Interruption losses without concurrent material damage loss,loss of employment would result in huge losses much beyond the capacity of government /insurers /reinsurers, said IRDAI.
The panel will examine the the need for setting up a Pandemic Risk Pool giving rationale for the same,recommend the structure and operating model for the Pool within eight weeks. .
India’s COVID-19 tally crosses 7-lakh mark
New Delhi: India's COVID-19 tally raced past the seven-lakh mark on Tuesday after a single-day spike of 22,252 infections, five days after crossing the six-lakh post, while the death toll breached the 20,000 mark, according to the Union Health Ministry data. It...
Insurers can now offer mandatory Arogya Sanjeevani Policy without Rs 5 lakh cap in sum assured: IRDAI
Hyderabad:: The insurance regulator IRDAI has now allowed the general and health insurers to offer mandatory,“Arogya Sanjeevani Policy” for a minimum sum insured of less than Rs.1 lakh and maximum sum assured of above Rs 5 lakhs . According to the...
Unite human,animal and environmental health to prevent the next pandemic: UN Report
The report identifies seven trends driving the increasing emergence of zoonotic diseases, including increased demand for animal protein; a rise in intense and unsustainable farming; the increased use and exploitation of wildlife; and the climate crisis. The report finds that Africa in particular, which has experienced and responded to a number of zoonotic epidemics including most recently, to Ebola outbreaks, could be a source of important solutions to quell future outbreaks.
WHO acknowledges ‘evidence emerging’ of airborne spread of COVID-19
Speaking at Tuesday’s briefing in Geneva, Benedetta Allegranzi, the WHO’s technical lead for infection prevention and control, said there was evidence emerging of airborne transmission of the coronavirus, but that it was not definitive.
“…The possibility of airborne transmission in public settings – especially in very specific conditions, crowded, closed, poorly ventilated settings that have been described, cannot be ruled out,” she said.
Court grants relief to Unilever’s India unit over ‘Glow & Handsome’ trademark
TikTok quits Hong Kong as U.S. giants suspend processing data requests
The U.S. companies’ social media platforms are generally banned in China, where access is blocked by Beijing’s “great firewall”. Most have operated freely in Hong Kong, but will now have to determine how to comply with new rules for the city, which rights groups say threaten freedoms enjoyed for decades.
Facebook (FB.O), which also owns WhatsApp and Instagram, said in a statement on Monday it was pausing reviews of user data requests for all of its services “pending further assessment of the National Security Law.”
Google and Twitter (TWTR.N) said they had suspended their reviews of data requests from Hong Kong authorities immediately after the law went into effect last week. Zoom and Microsoft’s LinkedIn issued similar statements on Tuesday.