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Casino gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL

by AIP Online Bureau | Mar 26, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance.   Among the defendants named in the...

21-day lockdown Care Ratings predicts Rs 7.2 lakh crore impact on economy

by AIP Online Bureau | Mar 26, 2020 | Eco/Invest/Demography, Health, Indian News, Intermediaries

  Mumbai: If the 21-day long national lockdown leads to 80 per cent production loss, the economy will take a hit of Rs 35,000-40,000 crore on a daily basis, shaving off Rs 6.3-7.2 lakh crore cumulatively, says Care Ratings.   The assessment is based on the...

UK, U.S. Banks and regulators warn of wave of Coronavirus scams

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.   With British...

Olympics delay, not cancellation, provides reprieve for insurers

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

LONDON: Delaying the Olympics is likely to cost insurers much less than cancelling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a postponement, industry sources say.   The Tokyo Olympics were...

Indian aviation sector may incur $3.3-3.6 billion loss in June quarter: CAPA India

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Indian aviation sector is projected to incur a staggering USD 3.3-3.6 billion loss in the first quarter of the next financial year if flight services remain grounded till June-end, according to a report. Aviation consultancy CAPA India on Wednesday...

Food, medicine shops will remain open throughout 21-day lockdown: Govt

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Union minister Prakash Javadekar on Wednesday said there was no need for people to panic as shops selling essentials and medicines will remain open throughout the 21-day lockdown imposed to combat the coronavirus outbreak.   He also said there...

Govt likely to unveil Rs 1.5 trn stimulus for coronavirus downturn: Report

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: The government is likely to agree an economic stimulus package of more than Rs 1.5 trillion ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told...

China reports 47 new imported cases, Covid-19 epicentre Wuhan resumes bus services

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  As the virus continues to wreak havoc across the world, China is close to declaring victory and is already easing travel restrictions. The border of Hubei province, epicentre of the virus, opened on Wednesday after a two-month shutdown.   Wuhan, the...

One third of humanity under virus lockdown

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  India’s billion-plus population went into a three-week lockdown on Wednesday, with a third of the world now under orders to stay indoors, as US politicians agreed to spend $2 trillion to counter the economic damage of the coronavirus pandemic.  ...

China’s symptom-free coronavirus carriers raise fears of new wave of infections

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  SHANGHAI:, The existence of a substantial but unknown number of asymptomatic carriers of coronavirus in China has raised concerns among the public that people could still be spreading COVID-19 without knowing they are sick.   As the virus continues to...
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