Indian
Ministry asks banks to cease from using unethical practices to sell insurance policies
There have been instances where life insurance policies were sold...
India plans to make COVID-19 negative test mandatory for passengers from high caseload countries
"In the next one week, selected countries will be identified where...
Bharat Biotech’s intranasal Covid vaccine approved by govt, to be available on CO-WIN soon
It is likely to be rolled out in the national Covid vaccination...
“Country’s Covid positivity rate declining week-on-week…” Health Ministry
The average daily cases during the week ending December 21, India...
International
Chasing yield, U.S. private equity firms nudge up risk on insurers
PE-insurance marriages can be joyous: Asset managers have skills and access to investments that insurers lack, and insurers provide cheap funding. PE firms also earn significant fees, even though their investments do not always capture outsized returns.
PE firms are nudging up risk on a large pool of money. They now own 7.4% of all U.S. life and annuity assets, or $376 billion, double the tally in 2015, credit agency AM Best said. Pending deals could add $250 billion this year, pushing PE ownership to 12%.
Risk of COVID-19 surge threatens Africa’s health facilities
Only around two per cent of the population has received at least one dose of COVID-19 vaccine, compared with the 24 per cent global figure.
In the last two weeks, the continent has recorded a 20 per cent increase in coronavirus infections, compared to the previous fortnight.
“The pandemic is trending upwards in 14 countries and in the past week alone (and) eight countries witnessed an abrupt rise of over 30 per cent in cases,” WHO said in a statement.
Aon to sell its U.S. Retirement Business to Aquiline and its Aon Retiree Health Exchange Business to Alight
US SC rejects Johnson & Johnson’s appeal of $2 billion penalty in baby powder cancer case
An investigation found that J&J knew for decades that asbestos, a carcinogen, was present in its talc products. Internal company records, trial testimony and other evidence showed that from at least 1971 to the early 2000s, J&J’s raw talc and finished powders sometimes tested positive for small amounts of asbestos.
The company said in May 2020 it would stop selling its baby powder talc in the United States and Canada, citing changes in consumer habits and what it called “misinformation” about the product’s safety amid numerous legal challenges.
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