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Star Health IPO subscribed 20 pc on second day of offer
The category for Retail Individual Investors (RIIs) was subscribed...
PSU gen insurers comply with Delhi HC order, withdraw directors selected by BBB
In another case which may look into selections of CMDs of PSU...
Star Health IPO subscribed 12 pc on first day of offer
The category for Retail Individual Investors (RIIs) received 64 per...
Stricter norms for int’l passengers to be effective from Tuesday midnight
Under the new norms, RT-PCR tests are mandatory for passengers...
International
Airbus opens investigation into plane crash in Pakistan
Pandemic forces virtual safety checks for oil tankers
With an estimated 160 million barrels of surplus oil being kept onboard dozens of tankers because on-land storage is full, the situation is pressing.
If restrictions on access to ships stay in place towards the final quarter of the year, tankers may be unable to store oil or sail until repairs can be carried out. This could drive up freight rates for shipping and storage, as fewer vessels will be seaworthy.
U.S. lawmaker wants insurers, govt. to share future pandemic business losses
The legislation, introduced by Rep. Carolyn Maloney, a Democrat from New York, would provide up to $750 billion in taxpayer funds to pay insurance claims for business loss revenue during future pandemics. Insurers would first have to pay out a total of $250 million in losses, according to the bill.
Insurers are turning their focus to future pandemics after facing lawsuits, political pressure and criticism from customers who say insurers’ business interruption policies denied their claims for pandemic-related losses.
FERMA calls for EU resilience framework for catastrophic risks
FERMA President Dirk Wegener said: “We now aim to deepen discussions with the EU, the Member States and the insurance sector, and to develop solutions for both short-term crisis management and long-term business resilience. FERMA members have expertise and experience in the field of business interruption that we want to contribute to the future resilience of European business.”
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