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Picture by Matt Sayle TOWN councillors insist that now is not the time to start a blame game around the flooding which hit Northwich last month. Storm Christoph left much of the town centre hit by devastating floods, while residents were evacuated from houseboats, Weaver Court retirement village, Acton Bridge and Sandy Lane, in Weaverham. Speaking at Monday s Northwich Town Council meeting, members called on all responsible parties to get round the table and make decisive action – rather than simply pass the buck. Cllr Andrew Cooper, who sits on both the town council and Cheshire West and Chester Council, said: I m not a hydrological engineer or an expert on sewerage systems, but luckily we know people who are and they need to get their heads to this and sort it out. ....
2020-12-15T10:11:00+00:00 Lloyd’s and Parsyl, Inc. today announced the launch of the Global Health Risk Facility (GHRF) which will make available billions of dollars of insurance coverage, together with risk mitigation services to help protect and support the global distribution of COVID-19 vaccines as well as critical health commodities. The launch of the GHRF includes support from the U.S International Development Finance Corporation (DFC) which has approved up to $26.7M for the Facility. The DFC loan will be used to capitalize the new public-private Syndicate 1796, and allow the GHRF to offer cost-effective insurance policies for shipments of vaccines and medical products to developing countries. ....
(Reuters) â Speedy global delivery of COVID-19 vaccines by air and sea in ultra-cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on an in-house insurer, a captive insurer. But as Pfizer Inc. and other drugmakers start to roll out vaccines more broadly, existing company-wide annual cargo insurance programs are likely to be insufficient, industry sources say. âWhere manufacturers or logistics providers see gaps in their coverages, they may look to the insurance markets to plug those gaps,â said Charlie Netherton at broker Marsh. ....
COVID Vaccine Rollout Spurs Demand for Extra Insurance Coverage December 18, 2020 LONDON – Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on an in-house insurer, known as a “captive” insurer. Related: But as Pfizer Inc. and other drugmakers start to roll out vaccines more broadly, existing company-wide annual cargo insurance programs are likely to be insufficient, industry sources say. ....