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Indian

3rd wave will be ‘ripple’ in absence of faster spreading mutant: IIT study

“The optimistic one – where we assume that life goes back to normal by August, and there is no new mutant. Second the intermediate one – where we assume that vaccination is 20 per cent less effective in addition to optimistic scenario assumptions. Third pessimistic one – This has an assumption different from the intermediate one: a new 25 per cent more infectious mutant spreads in August,” he added.

International

Johnson & Johnson hit with $25 million Talc Verdict

Johnson & Johnson was ordered to pay at least $25 million to a woman who said she contracted a rare asbestos-related cancer through decades of daily use of J&J’s Baby Powder or its other talc product, Shower to Shower.

AIG shareholders OK $21 million compensation for CEO Duperreault

A non-binding resolution to endorse the firm’s executive compensation received support from just 55% of votes cast, according to a securities filing by the company Tuesday afternoon, far below the norm of 90% or more for U.S. stock issuers.

Nigeria more than triples insurers’ capital Requirements

Insurers wanting to combine life and property and casualty businesses are required to have capital of at least 18 billion naira ($50 million), up from 5 billion naira, while the minimum for property and casualty business is 10 billion naira compared with 3 billion naira. The requirement for life insurance is 8 billion naira versus 2 billion naira and that for reinsurance is 20 billion naira compared with 10 billion naira.

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