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Indian

Go for “carefully calibrated” reopening, Centre tells states & UTs

“With a decline in the number of active cases, many states and UTs have started relaxing restrictions. I would like to highlight that the decision to impose or ease restrictions has to be taken, based on the assessment of the situation at the ground level,” he said.

Third wave in 6-8 weeks if Covid-appropriate behaviour not followed: AIIMS chief

There needs to be aggressive surveillance strategy in Covid hotspots and lockdowns in case of any significant surge. The moment a significant surge in cases in noted in a particular area and the positivity rate goes beyond 5 per cent, area-specific lockdown and containment measures should be implemented,AIIMS Director Randeep Guleria said.

People in flood prone villages in K’taka will be moved to other places:CM

According to the release, 1,710 villages have been identified as flood prone and gram panchayat level disaster management action plan has been developed and training imparted regarding its implementation.
“We have given instructions to district authorities to take precautionary measures in view of possible floods.We have to ensure that no further damage happens in coming days and people in villages prone to floods are shifted to nearby high altitude places,” Yediyurappa told reporters after a meeting with officials of 20 districts, Karnataka Disaster Management Authority and Water Resource Department.

International

World’s biggest sovereign wealth fund to decide on dumping oil

The decision is also important given the fact that the positions taken by the fund — which controls 1.4 percent of global market capitalisation — are closely watched by other investors.In another significant move, the fund has already pulled out of the coal industry, both for environmental and financial reasons.

Munich Re’s innovative coverage for battery performance in renewable energy

Peter Röder, Member of the Board of Management at Munich Re: “The ability to insure battery performance is a key piece of the puzzle in decarbonising our energy sector. For the first time, battery manufacturers can insure against the risk of their products not delivering as promised. With this new coverage, Munich Re has again demonstrated its pioneering role in the insurance of climate-friendly technology.”

Hannover Re profit jumps to EUR 1.06 billion in 2018 despite large losses

The combined ratio improved to 96.5% (99.8%) and was thus only marginally higher than the targeted level of 96% or better.

Property and casualty reinsurance was again fiercely competitive in the financial year just ended. Despite a high level of losses, both traditional reinsurers and alternative capital providers in the ILS market continued to make abundant capacities available. Prices and conditions in the property lines, in particular, consequently remained under pressure. Hannover Re was nevertheless able to act on profitable business opportunities in the various rounds of treaty renewals. 

Amazon-JPMorgan-Berkshire Health-Care Venture to Be Called Haven

Haven wants to improve access to primary care, simplify insurance and make prescription drugs more affordable, according to the website. It will initially serve 1.2 million employees of Amazon, Berkshire and JPMorgan, though it later plans “to share our innovations and solutions to help others.”

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