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Here is a masonry blog layout with no sidebarIndian banks issue gag orders to employees over branch overcrowding – documents, sources
Trump hints at possible repercussions if China spreads misinformation on COVID-19
Protecting our Pharmaceutical Supply Chain from China Act gives companies economic incentives to manufacture pharmaceuticals and medical devices in the US, makes it easier to know which country a drug came from by creating a list of the country of origin of all drugs marketed in the United States, and prohibits federally qualified health facilities from purchasing pharmaceutical products from China, it said.
COVID-19 response ‘could bankrupt the insurance industry’: insurance defense lawyer
The problem for policyholders is that they’re required to show physical loss or damages to make a claim for business interruption. Typically, he said, insurers will pay out business interruption insurance if, for instance, a company has to shut down because of a fire or a natural disaster. Civil authority provisions cover shutdowns mandated by state or local governments in response to nearby disasters, such as a business that’s ordered to close its doors because of a chemical release at a manufacturing plant down the street, Badger said.
COVID-19 shutdowns, he said, don’t fit either of those scenarios. Policyholders whose businesses were closed because COVID-19 molecules were found on their premises may argue that the virus constituted physical damage. That will be a question for courts to decide, Badger said. But widespread shutdowns of uninfected businesses, in order to slow the spread of the virus, cannot trigger business interruption or civil authority coverage.
Bermuda’s “resilient” re/insurance market continues to meet global clients’ needs amid COVID-19
“The re/insurance industry excels in time of disruption and catastrophes—managing risk during natural and man-made disasters is our strength,” said John M. Huff, President & CEO of Association of Bermuda Insurers & Reinsurers (ABIR), noting the Bermuda market is well capitalized and works closely with regulators and policy makers globally on the economic potential of any significant events. “The industry has a proven track record of responding successfully during critical moments in history and we will continue to do so as the world faces and recovers from the COVID-19 pandemic.”
Most small UK companies have no pandemic insurance – watchdog
The FCA said most insurance policies for small and medium sized companies (SMEs) only gave basic cover, with no obligation to pay out in relation to the COVID-19 pandemic.
“While this may be disappointing for the policyholder we see no reasonable grounds to intervene in such circumstances,” FCA interim chief executive Christopher Woolard said in a letter to heads of insurers.
“In contrast, there are policies where it is clear that the firm has an obligation to pay out on a policy. For these policies, it is important that claims are assessed and settled quickly.”
US may need to extend social distancing for virus until 2022: Study
Health Ministry identifies 170 districts in India as hotspots, 207 as potential hotspots
“Special teams have been formed which will work in containment zone and do contact tracing and house-to-house surveys. Cases of fever, cough and breathlessness will be identified in the survey and requisite action will be taken as per protocol,” Agarwal said, adding that there has been no community transmissions so far but some local outbreaks
India needs to test coronavirus cases more rigorously: Experts
CEO of Tokyo games can’t guarantee postponed Olympics will be held even in 2021
Stocks rise gains on China trade data, easing pandemic fears
Corona death count reaches 339, cases soar to 10,363: Health Ministry
Extended lockdown to cause $234.4 bn economic loss: Barclays
Miller modernises yacht insurance with innovative quote and bind platform
“We have been working with clients and underwriters for some time to address the cost and time inefficiencies of yacht business. With 24/7 access from anywhere in the world and an innovative, simple and quick declaration, quote and bind process, Atlantic provides a solution to these issues” said Aaron Jago, who leads Miller’s yacht practice.
Sachin Bansal’s NAVI General Insurance begins operation
Businesses can claim GST refund for cancellation of services, goods contract
The CBIC clarification comes at a time when sectors like aviation and hospitality are grappling with mass cancellation of bookings in view of the lockdown due to the pandemic. Rajat Mohan, Senior Partner at AMRG & Associates, said “this clarification would help worst-hit sectors of the business fraternity to claim a tax refund from the government, which would also have a ripple effect in the entire supply chain”.
Covid-19 prevents Indian gen insurance industry from reaching Rs 2 trillion prm mark in 2019-20,March prm falls by 10%
World”s biggest lockdown may have cost Rs 7-8 lakh cr to Indian economy
All India Motor Transport Congress (AIMTC) secretary-general Naveen Gupta said the accumulated losses to truckers during the first 15 days of lockdown were about Rs 35,200 crore given an average Rs 2,200 loss to per truck per day.
“More than 90 per cent of the about one crore trucks in the country are off roads during the lockdown as truckers with only essential commodities are on the move,” he said. “Even if the lockdown is lifted, it will take at least 2 to 3 months for truckers to limp to some normal scale as we apprehend consumption of non-essential items to remain hit on the account of lack of purchasing power.”
COVID-19 death toll rises to 308, cases 9,152, Modi to address the nation at 10 am tom
Prime Minister Narendra Modi will finally be addressing the nation at 10 am on April 14, which is the last day of the 21-day lockdown.
The prime minister is also likely to announce plans to revive the Indian economy which has been badly hit by the lockdown.”Prime Minister @narendramodi will address the nation at 10 AM on 14th April 2020,” the PMO tweeted. Last month, the prime minister had addressed the nation twice — on March 19 and March 24.