Category

S&P insurers moving cautiously in the aftermath of massive Texas Ice storm Uri

International News       Feb 26, 2021

  NEW YORK: Based on preliminary observations, S&P Global Ratings thinks the estimated insured losses covered by private insurers on the unusually severe Winter Storm Uri that began on Feb. 9, 2021, and swept through Texas and neighboring states are somewhat comparable with those from Hurricane...

Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital

International News       Feb 26, 2021

  HAMILTON, Bermuda: SiriusPoint Ltd, an international specialty insurance and reinsurance company, has today launched with over $3 billion in initial capital. The Bermuda-based Company has been formed as the result of the previously announced merger between Third Point Reinsurance Ltd.  a specialty reinsurer, and Sirius...

Indians allowed to choose vaccination sites as government seeks faster roll-out

Indian News       Feb 26, 2021

  NEW DELHI: India said on Friday it will let people choose their coronavirus vaccination centres when the campaign expands next week, effectively letting beneficiaries pick either a home-grown shot or the AstraZeneca one, unlike now. The country will halt vaccinations this weekend to upgrade software...

Carbon-cutting pledges by countries nowhere near enough:UN

International News       Feb 26, 2021

  United Nation: The newest pledges by countries to cut greenhouse gas emissions are falling far short of what's needed to limit global warming to what the Paris climate accord seeks, a new United Nations report finds. So the U.N.'s climate chief is telling nations to...

India's economy exits from recession, recovery seen gathering pace ​​​​​​​

Indian News       Feb 26, 2021

  NEW DELHI: India’s economy returned to growth in the three months to December and the recovery is expected to gather pace as consumers and investors shake off the effects of the coronavirus pandemic, economists said.Fiscal and monetary policy could boost India’s recovery prospects, they said,...

Huge potential of pvt investment in 400 maritime projects worth Rs 2.24 lakh cr: Govt

Indian News       Feb 26, 2021

  New Delhi: The government is eying huge private investment in 400 projects worth Rs 2.24 lakh crore during the Maritime India Summit 2021, a top official said on Friday. Prime Minister Narendra Modi is scheduled to inaugurate Maritime India Summit 2021 (MIS 2021) on March...

Climate pledges for 2030 put world far off 1.5C goal, UN warns

International News       Feb 26, 2021

BARCELONA: Updated plans to reduce emissions, submitted so far by about 75 nations ahead of November's COP26 summit, barely make a dent in the huge cuts needed to meet global climate goals, the U.N. climate chief said on Friday, calling for redoubled efforts. A U.N....

Subhash Chandra Khuntia, Chairman, IRDAI

Indian Insurance industry has recovered, pays Rs 9,000 crore Covid-19 pandemic claims :IRDAI Chief

Indian News       Feb 26, 2021

  Pune: The Indian insurance industry has recovered from the negative growth caused by the caronavirus disruptions, and has already settled Covid-19 pandemic related claims worth of Rs 9000 crore, said Subhash Chandra Khuntia, Chairman, IRDAI. The domestic general insurance industry has made Covid-19 pandemic related...

Risk of human spread of H5N8 bird flu deemed low - WHO

Facts       Feb 26, 2021

The risk of human-to-human spread of the H5N8 strain of bird flu appears low after it was identified for the first time worldwide in farm workers in Russia, the World Health Organization (WHO) said on Friday. A separate influenza strain, H1N1, that emerged from pigs...

Govt plans two-day halt in vaccinations for software upgrade to widen campaign

Indian News       Feb 26, 2021

  NEW DELHI: India will halt coronavirus vaccinations this weekend to upgrade software used to coordinate its campaign, the health ministry said on Friday, preparing to expand the programme after infections surged in some states.With the world’s highest tally of infections after the United States, India...