Eco/Invest/Demography

EU tells insurers to suspend dividends, avoid bonuses in pandemic

International News       Apr 03, 2020

  London: Insurers and reinsurers in the European Union should temporarily suspend dividends and share buybacks, and consider postponing bonuses as well to ensure continuity in services during the coronavirus pandemic, the bloc’s insurance regulator said on Thursday.   The virus has led to lockdowns of economies...

Health Ministry identifies 20 existing, 22 potential COVID-19 hotspots

Indian News       Apr 03, 2020

  New Delhi: The Union Health Ministry on Thursday identified 20 existing and 22 potential hotspots in the country while also asserting that there is no evidence of widespread community transmission of COVID-19.   The ministry stated this in an advisory issued to the states on mobilisation...

For 90% workers in India's informal economy, there’s no shelter from COVID-19

Facts       Apr 03, 2020

Locking down India for 21 days may slow the spread of the new coronavirus, but it's quickening the misery of the hundreds of millions of people who work in the country's informal economy.   By some accounts, these workers make up nearly 90% of India’s labor...

Why is New Orleans' coronavirus death rate twice New York's? Obesity is a factor

Facts       Apr 03, 2020

The coronavirus has been a far deadlier threat in New Orleans than the rest of the United States, with a per-capita death rate twice that of New York City. Doctors, public health officials and available data say the Big Easy’s high levels of obesity and...

Aarogya Setu: All you need to know about govt's Covid-19 tracker app

Facts       Apr 03, 2020

The Indian government has unveiled an app called Aarogya Setu designed to alert users if they have come in close proximity with any Covid-19 positive patient.   The app tracks through a Bluetooth and location-generated social graph. It calculates the user's risk of infection based on...

Coronavirus Pandemic: World Bank approves $1-bn emergency fund for India

Indian News       Apr 03, 2020

  New Delhi: The World Bank on Thursday approved $1-billion emergency financing for India to tackle the coronavirus outbreak, which has claimed 76 lives and infected 2,500 others in the country.   The World Bank's first set of aid projects, amounting to $1.9 billion, will assist 25...

Global coronavirus cases surpass one million, death toll 52,000

International News       Apr 03, 2020

  Global coronavirus cases surpassed 1 million on Thursday with more than 52,000 deaths as the pandemic further exploded in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally of official data.Italy had the most deaths, more than...

Chinese insurance industry set for robust growth between 2019-23 despite Covid-19, says GlobalData

International News       Apr 02, 2020

  London: With the regulatory changes and the use of technology, the insurance industry in China is beginning to recover from the losses incurred due to the Covid-19 outbreak. Although the forecast growth rate between 2019 - 2023 has dropped post-Covid19, still, it maintains a strong...

Insurers worry about D&O claims against executives from Coronavirus

International News       Apr 02, 2020

  Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses, industry sources say.   Two cases have been filed in the United States in recent weeks accusing companies of...

Life-or-Death decisions by hospitals, doctors come with threat of lawsuits

International News       Apr 02, 2020

Doctors and hospitals overwhelmed in the pandemic will have to make their excruciating life-or-death decisions meticulously or they risk being second-guessed by a jury when the onslaught is over.   Lawyers who defend health care providers are already giving advice on how their clients can avoid...