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Indian
Death of Covid patients due to oxygen crisis ‘not less than genocide’: HC
“We are at pain in observing that death of Covid patients just for non supplying of oxygen to the hospitals is a criminal act and not less than a genocide by those who have been entrusted the task to ensure continuous procurement and supply chain of the liquid medical oxygen,” read the order by a bench of Justice Ajit Kumar and Justice Siddhartha Varma.
As COVID-19 sweeps rural India, sick struggle to access healthcare
India’s COVID-19 crisis has been most acute in the capital, New Delhi, among other cities, but in rural areas – home to nearly 70% of India’s 1.3 billion people – limited public healthcare is posing particular challenges. Ill-equipped hospitals, staff shortages and long journeys to dedicated COVID-19 wards are making it harder for village patients to access treatment as a second wave pushed India’s total coronavirus cases to more than 20 million this week.
Third wave of COVID ‘inevitable’: Government
Khuntia panel submits report to centre on increasing country’s insurance penetration
Subhash Chandra Khuntia, chairman, IRDAI, revealed that a proposal to initiate pilot projects covering some states or districts prone to natural disasters like cyclone and flooding has been sent to the government and the National Disaster Management Authority(NDMA).
The idea is to cover all dwelling units in a vulnerable geographical area against natural catastrophes. The cost of coverage upto a limit can be funded by the Government and the owners can pay additional premium for higher coverage. Since dwelling unit insurance is very cheap, this is quite affordable and feasible and will save Government expenditure in terms of compensation to the affected after the incident,’..
Looking at the size of India in terms of population, geographical spread, diversity and low insurance penetration, there is tremendous scope to have more insurance companies. The market is far below the saturation point.
International
China to merge banking, insurance regulators in massive overhaul
The new regulator will be capable of “holding the bottom line to prevent systematic financial risk.The responsibilities of the two separate regulators currently overlap in some areas, leaving regulatory roles unclear, a parliamentary document says.The two regulators will hand off duties such as proposing laws to the People’s Bank of China in a sign that the central bank is beefing up its regulatory role.
50 people feared dead after a US-Bangla Airlines aircraft crashes at Kathmandu airport
SCOR raises $ 625 million through innovative bonds
Cigna and Express Scripts in $67 bn health merger
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