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Global insured Cat losses rise to USD 112 billion in 2021, the fourth highest on record: Swiss Re

Global insured Cat losses rise to USD 112 billion in 2021, the fourth highest on record: Swiss Re

by AIP Online Bureau | Dec 14, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The two costliest natural disasters of the year were both recorded in the US. Hurricane Ida wreaked USD 30 – 32 billion in estimated insured damages,including flooding in New York, and winter storm Uri caused USD 15 billion in insured losses, ”In 2021, insured losses...

Lok Sabha members ask govt to prepare to deal with challenges posed by Omicron

by AIP Online Bureau | Dec 14, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Workplace/Employee Benefits

Raising the issue in the Lok Sabha, Congress leader Adhir Ranjan Chowdhury said India has already reported 41 cases of Omicron variant and the government should begin preparations of every kind to deal with the challenge New Delhi: Lok Sabha members on Tuesday...

Serum Institute to launch COVID vaccine for children in six months: Poonawalla

by AIP Online Bureau | Dec 14, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

”We haven’t seen a lot of severe disease in children. Fortunately, the panic is not there for children. However, we will be launching a vaccine in six months for children, hopefully down to the age of three.Covovax is under trial and has shown excellent...

Canada finds community spread of new coronavirus variant Omicron

by AIP Online Bureau | Dec 14, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic, Workplace/Employee Benefits

“We are seeing community transmission, possibly in its early stages, but this can rapidly escalate in the days to come,” Canada’s Chief Public Health Officer Theresa Tam said at a press conference in Ottawa. There is a community spread of the Omicron...

India to produce 5 billion Covid vaccine doses next year: Piyush Goya

by AIP Online Bureau | Dec 14, 2021 | Data, Eco/Invest/Demography, Health, Non-Life, Pandemic, Policy

“So far this year, we have already administered 1.33 billion doses. We are manufacturing for exports as well. We will export as many doses as other nations need.” “Next year, we plan to produce 5 billion doses,” Goyal said India plans to ramp up its Covid vaccine...

Korea to test AI-powered facial recognition to track COVID-19 cases

by AIP Online Bureau | Dec 14, 2021 | Facts, Non-Life, Pandemic, Policy, Technology, Workplace/Employee Benefits

Rules say patients must give their consent for the facial recognition tracking to be used, but even if they don’t consent, the system can still track them using their silhouette and clothes, the official said. The Korea Disease Control and Prevention Agency...

Powerful quake strikes Indonesia; residents flee into streets

by AIP Online Bureau | Dec 14, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Alfons Hada Betan, head of East Flores Disaster Mitigation agency in Larantuka said there were no immediate reports of damage and the quake was felt for several minutes as people fled from their homes.People said on social media the earthquake was also felt strongly...

Widely used software with key vulnerability sends cyber defenders scrambling

by AIP Online Bureau | Dec 14, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

The vulnerability, known as Log4j, comes from a popular open source product that helps software developers track changes in applications that they build. It is so popular and embedded across many companies’ programs that security executives expect widespread...

ADB trims developing Asia’s growth forecasts over Omicron risks

by AIP Online Bureau | Dec 14, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

China’s economy, which staged an impressive rebound from last year’s pandemic slump, has lost momentum in recent months as it grapples with surging prices, a slowing manufacturing sector, debt problems in the property market and persistent COVID-19...

Recording wife’s phone conversation without her knowledge is infringement of privacy: HC

by AIP Online Bureau | Dec 13, 2021 | Indian News, Technology, Workplace/Employee Benefits

The court of Justice Lisa Gill passed the order last month on a plea filed by a woman who challenged a 2020 order of the Bathinda family court. Chandigarh: Recording of wife’s telephonic conversation without her knowledge is infringement of her privacy, the Punjab and...
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