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IRDA asks general insurers to guide India Inc on managing their “Property Policies”post lockdown

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Reinsurance

Hyderabad: Appreciating the decision of the General Insurance Council(GI Council), the official representative body of the general insurers,on providing a major relief to the India Inc in the matter of  continuance of  property covers – Standard...

COVID-19 death toll rises to 1,074; cases 33,050,MHA allows stranded to return home

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: The death toll due to the novel coronavirus pandemic rose to 1,074 after 66 more fatalities and the number of cases climbed to 33,050 in the country on Thursday, according to the Union Health Ministry.   The number of active COVID-19 cases stood...

Swiss Re swings to 1st-qtr loss as Covid-19 Pandemic bites

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

FRANKFURT: Reinsurer Swiss Re said on Thursday that it swung to a net loss in the first quarter of 2020, as the coronavirus outbreak began to bite.   The loss was $225 million during the period compared with profit of $429 million a year earlier. Analysts had...

France drafting future insurance backstop for pandemics

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  PARIS: France is working on a new mechanism for pandemics insurance cover that could entail some state backing, and is exploring funding options to have a scheme in place ahead of another potential coronavirus lockdown, Axa’s Chief Risk Officer...

India’s Glenmark to conduct trials for potential COVID-19 drug

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  BENGALURU: Shares of Glenmark Pharmaceuticals Ltd rose almost 9% on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential treatment for COVID-19.   Favipiravir, manufactured...

half of world’s workforce risks losing livelihoods in pandemic: ILO

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Geneva: Some 1.6 billion workers in the informal economy, representing nearly half of the global labour force, are in immediate danger of losing their livelihoods due to the coronavirus pandemic, the International Labour Organization (ILO) said on Wednesday....

Bodies found in unrefrigerated trucks in New York during COVID-19 pandemic

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  NEW YORK : The city of New York delivered a freezer truck to a funeral home on Wednesday after it was found to be storing dead bodies in unrefrigerated U-Haul vehicles, a Reuters eyewitness said.   The eyewitness saw bodies in a U-Haul van and said two...

Fauci says leak concerns fueled his White House revelation of Gilead drug results

by AIP Online Bureau | Apr 30, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  CHICAGO: Concerns over leaks compelled the top U.S. infectious disease official to reveal data on Gilead Sciences Inc’s (GILD.O) experimental drug remdesivir, the first in a scientifically rigorous clincial trial to show benefit in treating COVID-19. The...

Bharti AXA General launches ‘Usage-based Motor cover for private car owners 

by AIP Online Bureau | Apr 29, 2020 | Indian News, Non-Life

  MUMBAI/NEW DELHI:: Bharti AXA General Insurance, Wdnesday, announced its partnership with leading web aggregator PolicyBazaar.com to sell ‘Usage-based Motor Insurance’ policies for private car owners under the regulatory Sandbox project.   The...

Govt extends easier ‘work from home’ connectivity norms for IT, BPO firms Jul 31

by AIP Online Bureau | Apr 29, 2020 | Eco/Invest/Demography, Indian News, Technology

  New Delhi:  The government has extended the relaxed connectivity norms for 'work from home', applicable on IT and BPO companies, till July 31, amid the coronavirus pandemic.   The deadline for the easier norms was to end on April 30.  ...
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