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France needs new pandemic business insurance law – minister

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Regulation, Reinsurance, Risk Management

PARIS:  France will need a law requiring insurers to offer businesses coverage for losses linked to future pandemics, French Finance Minister Bruno Le Maire said on Thursday. “The state is not going to pick up the tab for businesses’ operating losses...

U.S. Treasury warns cyber insurers payments to hackers may violate sanctions

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

The warnings, which referenced malicious programs known as ransomware, came in advisories from Treasury’s Office of Foreign Assets Control (OFAC)and Financial Crimes Enforcement Network (FinCEN). Hackers use ransomware to take down systems that control...

Pandemics overtakes climate change as biggest worry for insurers

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  Paris: Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks to society over the next five to 10 years in a study...

India’s coronavirus infections rise to 6.39 million

by AIP Online Bureau | Oct 1, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi: India’s coronavirus case tally climbed to 6.39 million after it reported 81,484 new infections in the last 24 hours, while related deaths were just shy of 100,000 mark, data from the health ministry showed on Friday. Deaths from coronavirus infections...

Risk aversion sets in after Trump tests positive for coronavirus

by AIP Online Bureau | Oct 1, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  WASHINGTON: US President Donald Trump and first lady Melania Trump have tested positive for the coronavirus, the president tweeted early Friday. Taking to Twitter, he wrote, "Tonight, @FLOTUS and I tested positive for Covid-19. We will begin our quarantine...

Push to bring coronavirus vaccines to the poor faces trouble

by AIP Online Bureau | Oct 1, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic

London, An ambitious humanitarian project to deliver coronavirus vaccines to the world's poorest people is facing potential shortages of money, cargo planes, refrigeration and vaccines themselves and running into skepticism even from some of those it's...

India open to launching own app store as start-ups criticise Google – government source

by AIP Online Bureau | Oct 1, 2020 | Eco/Invest/Demography, Indian News, Policy, Technology

  New Delhi: India open to launching own app store as start-ups criticise Google – government sourceNEW DELHI (Reuters) – India is open to launching its own mobile app store or expanding an existing one if it receives enough demand from domestic firms...

Supreme Court orders airlines to refund bookings during coronavirus lockdown

by AIP Online Bureau | Oct 1, 2020 | Eco/Invest/Demography, Indian News, Non-Life

  NEW DELHI: India’s top court on Friday ordered airlines to refund passengers who were forced to cancel tickets booked during a two-month, nationwide lockdown to stop the spread of the novel coronavirus. The Supreme Court told airlines to refund the money...

No clear link between school opening and COVID surge, study finds

by AIP Online Bureau | Oct 1, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic

  LONDON: Widespread reopening of schools after lockdowns and vacations is generally not linked to rising COVID-19 rates, a study of 191 countries has found, but lockdown closures will leave a 2020 “pandemic learning debt” of 300 billion missed school...

COVID-19 controls turn Asia into global surveillance hotspot, analysts say

by AIP Online Bureau | Oct 1, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  KUALA LUMPUR: Asia has become the world's surveillance hotspot and is at risk of serious privacy breaches as measures rolled out to contain the spread of COVID-19 become permanent in many countries, researchers warned on Thursday. The Right to Privacy Index...
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