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Researchers double U.S. COVID-19 death forecast, citing eased restrictions

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

NEW YORK:  A newly revised coronavirus mortality model predicts nearly 135,000 Americans will die from COVID-19 by early August, almost double previous projections, as social-distancing measures for quelling the pandemic are increasingly relaxed, researchers said...

World leaders pledge $8 billion to fight COVID-19 but U.S. steers clear

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

  BRUSSELS: World leaders and organisations pledged $8 billion to research, manufacture and distribute a possible vaccine and treatments for COVID-19 on Monday, but the United States refused to contribute to the global effort.Organisers included the European...

Gallagher launches Pandemic group insurance product for India’s Front-Line Workforce

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

  International insurance broker Gallagher, through its Indian joint venture Edelweiss-Gallagher- launched a Pandemic Group Insurance product, providing a comprehensive COVID-19 indemnity cover solution in the country.   The cover can be bought by the...

India’s April gold imports plunge 99.9% to three-decade low: government source

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

NEW DELHI/MUMBAI: India’s gold imports plunged 99.9% year-on-year in April to their lowest in nearly three decades as air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said....

Trump order to buy U.S.-made medical supplies coming soon: Navarro

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

WASHINGTON: U.S. President Donald Trump plans an executive order soon to address the lack of medical product manufacturing in the United States during the novel coronavirus outbreak, the White House said on Monday.   Trump trade adviser Peter Navarro told Fox...

Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs

by AIP Online Bureau | May 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance

  Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios.   Executives, lawyers and...

African swine fever detected in India for 1st time; 2,500 pigs die in Assam

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

  Guwahati: The first instance of African swine fever has been reported in the country in Assam where the disease has killed around 2,500 pigs across 306 villages, Animal Husbandry Minister Atul Bora said.   Despite the go-ahead from the Centre, the state...

General insurers receive 900 Covid-19 claims for Rs 18 cr

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

  Mumbai: After 40 days of lockdown,the number of caronavirus cases in the country might have exceeded 42,000 by Monday, but it has not impacted the general insurers much till now.   The general insurance companies have received around 900 claims for over...

Covid-19 Pandemic:IASB proposes deferring IAS 1 amendments’ effective date implementation

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

  London: The International Accounting Standards Board (Board) has proposed to defer by one year the effective date of Classification of Liabilities as Current or Non-current, which amends IAS 1 Presentation of Financial Statements.   The IAS 1 amendments...

U.S. airlines now requiring masks, promise more safety measures

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

  With the largest U.S. airlines now set to mandate – and provide – facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel.  ...
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