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Indian
Delhi 3rd nationwide in per capita income after Sikkim, Goa: Eco Survey
According to the survey, Delhi's per capita income grew 16.81 per...
Data centres in India faced 51 million cyber attacks in 9 months
As per the research done by The Institution of Electronics and...
Most states haven’t enhanced health budget share to over 8 pc: Parliamentary panel
The Department Related Parliamentary Standing Committee on Health...
Covid-19 deaths: SC allows Centre to conduct inquiry into fake claims
A bench of Justices M R Shah and B V Nagarathna said the government...
International
September was world’s hottest on record, EU climate change service says
Extending a long-term warming trend caused by emissions of heat-trapping gases, high temperatures this year have played a major role in disasters from fires in California and the Arctic to floods in Asia, scientists say.
“As we go into an even warmer world, certain extremes are likely to happen more often and be more intense,” Copernicus senior scientist Freja Vamborg told Reuters, pointing to heat waves and periods of intense rain as examples of this.
U.S. appeals court revives Glaxo $235.5 million verdict against Teva
The case arose after Teva began selling a Coreg generic in 2007 with “skinny” labels indicating treatment for the first two conditions, and was required by the Food and Drug Administration to add congestive heart failure to the labels in 2011.
Glaxo, whose patent expired in 2015, sued Teva, and a Delaware jury ordered the Israeli drugmaker to pay $234.1 million for lost profit plus $1.4 million in royalties.
U.S. District Judge Leonard Stark overturned the verdict, saying other factors could have caused doctors to prescribe generic Coreg, including for congestive heart failure.
Covid-19 is changing global claims trends, risk exposures for companies and their insurers:Allianz
Going forward, many businesses are expected to review and de-risk their supply chains and build in more resilience. This could involve some reshoring of critical production areas because of disruption caused by the pandemic. Such a move would likely impact frequency of claims and the costs of any future business interruptions.
Asia-Pacific motor insurance market to surpass $257bn in 2023:GlobalData
Another key trend which can be observed in the motor insurance market is the pace of product innovations. New insurance products such as short-term car insurance and pay-as-you-go (PAYG) products are being offered by motor insurance companies to support sales at a time when car usage is low due to lockdown restrictions. For instance, insurance start-ups such as UbiCar, Real and Kogan in Australia are offering pay-as-you-go insurance policies.
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