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Here is a masonry blog layout with no sidebarIndia’s urban COVID-19 outbreak is morphing into a rural health crisis
Self-driving cars could only prevent a third of U.S. crashes – study
Companies developing self-driving vehicles, including traditional automakers and technology companies, have repeatedly positioned fully automated driving as a tool to drastically reduce road deaths by taking the human driver out of the equation.But the IIHS study outlined a more nuanced picture of human driver error, showing that not all mistakes can be eliminated by camera, radar and other sensor-based driverless technology.
India pledges $15 million for global vaccine alliance
IRDA asks general and health insurers to launch exclusive Covid-19 cover by June 15
Room Rent, Boarding, Nursing Expenses all inclusive as provided by the Hospital / Nursing Home up to 2% of the sum insured subject to maximum of Rs.5000/- per day.
•.Intensive Care Unit (ICU) charges/ Intensive Cardiac Care Unit (ICCU) charges all inclusive as provided by the Hospital / Nursing Home up to 5% of the sum insured subject to maximum of Rs.10,000/-, per day
• Ambulance: Rs 2000/- per Hospitalization.
Mumbai streets deserted as India’s biggest city braces for cyclone
As Asia’s tropical storm season arrives, grounded airplanes at risk of damage
Major airports in storm-vulnerable regions such as Hong Kong, Taiwan, Japan, the Philippines, Thailand and India have been effectively turned into giant parking lots as COVID-19 travel restrictions choke demand.
“If you have got those aircraft on the ground, you can imagine to get them back up and running in a short space of time is no easy thing,” said Gary Moran, head of Asia aviation at insurance broker Aon. “The challenge is you can have a typhoon or hurricane coming and there are going to be a lot of aircraft that aren’t going to be able to be moved in time.”
Publishers sue internet archive over free E-Books
The plaintiffs, who include Penguin Random House, Hachette Book Group, HarperCollins and Wiley, are seeking a permanent injunction against the library and an undetermined amount of money for damages. Court papers refer to page views on the archive site, more than 50,000 alone in New York state, but not to how many books were actually borrowed.
Munich Re defends top global reinsurance ranking in 2019
China Re,only Asian reinsurer among the top 10 global reinsurer, with a total reinsurance premium of $ 13.31 billion has fallen one notch down to ninth position in 2019.However,another Asian major Korea Re with a global premium of $ 6.91 billion has improved its position by one notch to 12th from 13th in 2019
India’s GIC Re with a global premium of over $ 6.53 billion in 2019 has maintained its existing 14th position in the new list.
For the first quarter of 2020, Munich Re disclosed COVID-19 related loss of €800 million, mainly from event cancellation insurance, while Swiss Re said it was expecting a $476 million nonlife charge that mainly covers expected claims for canceled or postponed events. Allianz Group and Hannover Re announced estimated losses of €400 million and €220 million, respectively.
The novel coronavirus is expected to add to the upward pressure on reinsurance rates at the June 1 and July 1 renewals. Pandemic-related claims and the fall in market value of reinsurers’ investment portfolio are both expected to contribute.
Govt sets up empowered group of secretaries to attract investments to India
Mumbai avoids brunt of cyclone that barrels into India’s west coast
Cyclone Nisarga also did not cause any major damage on the southern coast of Gujarat on Wednesday afternoon and evening following landfall near Alibaug in Maharashtra. The Gujarat government had evacuated over 63,700 people from coastal areas of eight districts and 18 teams of National Disaster Response Force (NDRF) and six teams of State Disaster Response Force (SDRF) were deployed for rescue operations.
Flight operations resumed at Mumbai’s Chhatrapati Shivaji Maharaj International Airport. Arrivals and departures were suspended at 2:30 pm due to strong crosswinds induced by Cyclone Nisarga.
British watchdog enlists 8 insurers in pandemic test case of Business Interruption cover
“We expect the test case to provide guidance for the interpretation of many other business insurance policies that are not in the representative sample,” the FCA said.
The eight insurers asked to take part in the court case were Lloyd’s of London insurers Hiscox, Arch, Argenta and MS Amlin, as well as RSA, QBE, Zurich and Ecclesiastical, the FCA said in a statement.
Hurricanes may cause more pain for pandemic-hit insurers
“What we’ve seen over the past couple of years is an increase of (storm) losses from a frequency and severity perspective,” said Susan Fallon, global head of Property at Zurich Insurance Group.
“There’s an expectation we will see increased rates.”
Lloyd’s of London this month forecast more than $100 billion in underwriting losses from the pandemic in 2020, with those losses coming before the hurricane season even gets going.
The specialist insurance market said the pandemic losses were similar in size to the loss year of 2005 – when Hurricane Katrina hit New Orleans – and 2017 – when Hurricanes Harvey, Irma and Maria hit Florida, Puerto Rico and Texas.
Covid-19 has not changed in terms of transmissibility, severity: WHO expert
WHO Director-General Tedros Adhanom Ghebreyesus warned that the world is “losing its ability” to use critically important antimicrobial medicines.
Speaking at a virtual press conference on Monday, the WHO chief said that the Covid-19 pandemic has led to an increased use of antibiotics, which ultimately will lead to higher bacterial resistance rates, news agency IANS reported.
Modifications in National Pension Scheme financially untenable Finance Ministry
“In fact, the Asset Under Management (AUM) of the central government (Rs 1.45 trillion) and state government (Rs 2.20 trillion) schemes have been invested through pension funds across the government securities (around 50 per cent), corporate bonds (around 36 per cent) and only around 10 per cent is in equities and rest in money market instruments,” it said, adding that the scheme has provided returns of around 9.5 per cent since inception.
Workplace and supply chain risks from COVID-19 having significant impact on power sector
Graham Knight, Head of Global Natural Resources, Willis Towers Watson, said: “In these unprecedented and uncertain times, the issue of COVID-19 remained uppermost in all our minds as the power industry and their stakeholders begin to analyse the effects on their balance sheets and on their overall risk landscape. Willis Towers Watson is a global leader when it comes to helping power companies address these growing regulatory, investor, employee and operating pressures through improved offerings that combine the analytics, advice and transactional expertise from across the company.”