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SC extends order of no coercive action against employers for non-payment of full wages

by AIP Online Bureau | Jun 5, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Policy

New Delhi: The Supreme Court on Thursday extended till June 12 its earlier order of May 15 asking the government not to take any coercive action against companies and employers for violation of Centre's March 29 circular for payment of full wages to employees for...

U.S. insurers ask Treasury, Fed to back pandemic payouts for trade credit coverage

by AIP Online Bureau | Jun 5, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Washington: U.S. trade credit insurers have approached the U.S. Treasury Department and Federal Reserve seeking financial backing for claims payments to support business supply chains hit by the novel coronavirus pandemic, three people familiar with the matter...

IOC seeks insurance compensation for delayed Tokyo Olympics

by AIP Online Bureau | Jun 5, 2020 | International News, Non-Life, Reinsurance, Risk Management

  Geneva: The International Olympic Committee is in talks with insurers over being compensated for the postponed Tokyo Games.   An "open discussion” is under way with insurance brokers, the IOC’s Olympic Games operations director Pierre...

Sun Pharma testing plant-based drug as potential COVID-19 treatment

by AIP Online Bureau | Jun 5, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

BENGALURU: Indian drugmaker Sun Pharmaceutical Industries Ltd said on Friday it was testing a plant-derived drug, AQCH, for the potential treatment of COVID-19 as part of a mid-stage trial, with results expected by October.   AQCH is derived from tropical,...

India’s COVID-19 tally reaches 2,26,770 with record spike of 9,851 cases; death toll 6,348

by AIP Online Bureau | Jun 5, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi,  India saw a record single-day jump of 9,851 coronavirus cases and 273 deaths on Friday, pushing the nationwide infection tally to 2,26,770 and the death toll to 6,348, according to the Union health ministry.   India stood seventh among the...

IRDA asks general and health insurers to launch exclusive Covid-19 cover by June 15

by AIP Online Bureau | Jun 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation

  Hyderabad: In view of the global pandemic Covid-19, the insurance regulator IRDAI has decided to mandate all general and health insurers to offer a standard individual COVID-19 health insurance product by June 15.   The insurance regulator has prepared an...

India pledges $15 million for global vaccine alliance

by AIP Online Bureau | Jun 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: India on Thursday pledged USD 15 million to the international vaccine alliance Gavi, the Prime Minister's Office said. The amount was pledged as Prime Minister Narendra Modi addressed the virtual Global Vaccine Summit hosted by British Prime Minister...

Self-driving cars could only prevent a third of U.S. crashes – study

by AIP Online Bureau | Jun 4, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Self-driving cars, long touted by developers as a way to eliminate road deaths, could likely only prevent a third of all U.S. road crashes, an analysis of traffic accidents released on Thursday has found.   The study by the Insurance Institute for Highway Safety...

India’s urban COVID-19 outbreak is morphing into a rural health crisis

by AIP Online Bureau | Jun 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

NEW DELHI/MUMBAI: Rural parts of India have begun to see a surge in novel coronavirus infections, as millions of migrant workers returning from big cities and industrial hubs bring the virus home with them, according to data collected from seven Indian...

Maruti introduces accessories to protect customers from coronavirus

by AIP Online Bureau | Jun 4, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said it has introduced a range of accessories, including face shield visor and masks, amid the coronavirus pandemic.   The company's 'Health and Hygiene'...
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