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Indian
LIC’s Chairman post will be termed as `Chairperson’ for next 3 years
Life insurers report 4% rise in new year premium in June at Rs 30,009 cr
LIC’s cumulative first year premium in the June quarter fell 2.54 per cent from a year ago to Rs 35,600.68 crore. For the private industry, the combined cumulative new year premium during the three months rose by 34 per cent to Rs 17,124.58 crore.
For the remaining 23 private sector life insurers, the new premium in June jumped about 34 per cent to Rs 8,213.20 crore as against Rs 6,131.84 crore in the year-ago period.
Kerala on alert after Zika outbreak; Centre rushes team
Of the 19 samples sent to the Pune-based institute, 13 were found to be positive for Zika, the State government said on Friday.
The symptoms are similar to dengue and they include fever, rashes and joint pain.
State health minister Veena George said an action plan has been drawn up to control the spread of Zika.
India reports 42,766 new COVID-19 cases, 1,206 deaths in last 24 hours
International
Britain’s green finance strategy could mandate corporate Climate Risk disclosure
Vatican defends secrecy of Catholic Confessions amid priest sex scandals
Cardinal Piacenza noted that Francis himself earlier this year called confessional secrecy indispensable, and quoted the pontiff as saying “no human power has jurisdiction” over that secrecy. Piacenza said the tribunal felt it “urgent to recall in the first place the absolute inviolability of the sacramental secrecy, which is based on divine right and admits no exception.”
Chubb recognises climate change reality,pulls back from coal
Insurance coverage for existing coal-plant risks that exceed this threshold will be phased out by 2022, and for utilities beginning in 2022. In addition, Chubb will not make new debt or equity investments in companies that generate more than 30% of revenues from thermal coal mining or energy production from coal.
Foreign ownership limits in life insurers to go by 2020, one year in advance
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