Welcome to My Blog

Here is a masonry blog layout with no sidebar

India’s national recovery rate among highest in the world: Health ministry

“India’s Covid-19 recovery rate of 97.31 per cent is amongst the highest in the world. The difference between the recovered and active cases has grown to 1,04,74,164 as on date,” the ministry highlighted.

Till date, the cumulative number of healthcare and frontline workers vaccinated against Covid-19 in the country has surpassed 82 lakhs.

Investors vie for windfall from rejected covid insurance claims

Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for choice after a landmark U.K. court ruling last month rejected pleas from insurers looking to dodge pandemic payouts. They’re looking to finance or buy denied Covid-19 insurance claims for policyholders without the means or stomach for taking their insurers to court.

“This is going to be huge,” said Steve Cooklin, chief executive officer of London-based litigation funder Manolete Partners Plc, whose biggest shareholder is veteran distressed investor Jon Moulton.

EU expert group at odds over how to resolve tech, carmakers’ patent dispute

Tech firm Nokia and automaker Daimler are locked in battle in German courts over the level of royalties for key navigation and communications technologies and who should pay them.

The issues are relevant for the wider digital and electronics sectors and internet-connected devices in energy, health and smart manufacturing, prompting EU regulators to look into the matter.

German cabinet approves legislation to ban glyphosate from 2024

Glyphosate, first developed by Bayer’s Monsanto under the Roundup brand, has generated intense global debate over its safety since a World Health Organization agency concluded in 2015 that it probably causes cancer.

While regulators worldwide have determined glyphosate to be safe, Bayer agreed in June to settle nearly 100,000 U.S. lawsuits for $10.9 billion, denying claims that Roundup caused cancer.

Florida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes

Florida’s domestic property insurers reported a more than $1 billion underwriting loss for the first three quarters of 2020 and almost $500 million in negative net income, according to the Florida Office of Insurance Regulation.

Florida’s domestic property insurers reported a more than $1 billion underwriting loss for the first three quarters of 2020 and almost $500 million in negative net income, according to the Florida Office of Insurance Regulation.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.
The rate increases in Florida, the third-largest property insurance market among U.S. states, are the highest in memory, according to some insurance agents and residents. One danger, they say, is that the new rates could make owning a home in Florida unaffordable.

Florida’s property insurance market, which collected $56.6 billion in premiums during 2019, is unique and covers complex risks including devastating hurricanes and the impact of climate change.

Biden administration asks U.S. Supreme Court to uphold Obamacare law

Biden, who was Obama’s vice president when the law was enacted, has promised to protect and build on Obamacare, which has enabled millions of Americans to obtain health insurance by expanding public healthcare programs and creating marketplaces for private insurance. Republicans have called it a government overreach.

Study: Smaller cars may be why crashes injure women more

Men and women crashed in minivans and SUVs in about equal proportions, the researchers found. But around 70% of women crashed in cars, compared with about 60% of men. And more than 20% of men crashed in pickups, compared with less than 5% of women.
Women were also much more likely to suffer leg injuries compared to men, which may require car safety researchers to start building crash test dummies that account more for the physical differences between women and men, the researchers noted.

Avg time spent by Indians on smartphones highest globally: Nokia report

The annual report – Mobile Broadband India Traffic Index, (Mbit) 2021 – found that India ranked second in the world in terms of broadband usage on mobile phones after Finland, and the data traffic in the country has increased around 60 times over the last five years, which is also highest globally.

”In the last five years, we have grown 63 times in terms of data growth that has happened. It is phenomenal. It is a record. I don’t think any country, any region, any market can beat this record of how data have been consumed in the last five years,” Nokia chief marketing officer Amit Marwah said while sharing details of the report.

Irish central bank: We’ll act against insurers who don’t pay COVID-19 claims

Ireland’s High Court ruled on Feb. 5 that four publicans insured by FBD were entitled to be indemnified for losses under lockdown-linked claims, in a case that could have implications for over 1,000 similar contracts for FBD alone Gabriel Makhlouf said a number of insurers had already accepted and begun settling business-interruption claims as a before the court judgment in Dublin, as well as one in London.

Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month: Jitendra Singh

As per the existing rule, if parents are government servants and one of them dies while in service or after retirement, the family pension in respect of the deceased shall become payable to the surviving spouse and in the event of the death of the spouse, the child shall be granted two family pensions in respect of the deceased parents subject to fulfilment of other eligibility conditions, the statement said.