What you need to know about the coronavirus right now 6-12-20

(Reuters) – Here’s what you need to know about the coronavirus right now:

Second-wave fears

Governors of U.S. states that are COVID-19 hotspots pressed ahead with economic reopenings that have raised fears of a second wave of infections.

The moves by states such as Florida and Arizona came as Treasury Secretary Steven Mnuchin said the United States could not afford to let the novel coronavirus shut its economy again and global stocks tanked on worries of a pandemic resurgence.

In Europe, health experts said the risk of a second wave of COVID-19 infections big enough to require lockdowns to be reimposed is moderate to high.

India reported a record daily increase of cases and became the world’s fourth worst-hit country, raising the prospect of the return of a lockdown just days after it was lifted.

Insurers beat back virus claims

U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose cost to small businesses they are neither able nor required to cover.

The industry has warned it could cost them $255 billion to $431 billion a month if they are required, as some states are proposing, to compensate firms for income lost and expenses owed due to virus-led shutdowns, an amount it says would make insurers insolvent.

A Reuters examination of the estimate, however, suggests the possible bill may not be so onerous.

British economy battered

The UK economy shrank by a quarter in the March-April period as entire sectors were shuttered by the coronavirus lockdown.

“This is catastrophic, literally on a scale never seen before in history,” Paul Johnson, director of the Institute for Fiscal Studies think tank, said. “The real issue is what happens next.”

The Organisation for Economic Co-operation and Development says Britain – with its huge services industries that are hit hard by social distancing measures – could suffer the worst downturn among the countries it covers, with an 11.5% contraction this year.

Bottlenecks? Glass vial makers prepare for vaccine

Drugmakers are warning of a potential shortage of vials to bottle future COVID-19 vaccines, but their rush to secure supplies risks making matters worse.

Schott AG, the world’s largest maker of speciality glass for vaccine vials, says it has turned down requests to reserve output from major pharmaceutical firms because it does not want to commit resources before it is clear which vaccines will work.

“We have to keep the door open to give capacity to those who really are successful in the end. We don’t want to be portrayed in the press as the ones who were unable to package the best vaccine,” Chief Executive Frank Heinricht told Reuters.

Roping in the drones

Airspace Systems, a California startup company that makes drones that can hunt down and capture other drones, on Thursday released new software for monitoring social distancing and protective face-mask wearing from the air.

The software analyzes video streams captured by drones and can identify when people are wearing masks, standing close together or points where people gather in clusters. Airspace aims to sells the system to cities and police departments.

The company says the system does not use facial recognition and does not save images of people or pass those images to its customers. Even with those protections in place, the system is still “a step toward robots that are monitoring our behavior,” said Jay Stanley, a senior policy analyst with the American Civil Liberties Union’s Speech, Privacy and Technology Project.

(Compiled by Linda Noakes, Editing by Timothy Heritage)

U.S. liable for home damages from flooding during 2017 hurricane: court

HOUSTON (Reuters) – Hundreds of Houston homeowners near U.S. Army Corps of Engineers-managed reservoirs may receive compensation for flooding of their properties during 2017’s Hurricane Harvey, a federal judge ruled on Tuesday.

The U.S. Army Corps of Engineers (ACE), which managed two dams and the reservoirs, had planned to flood private properties in the event of inundating rainfall, Senior Judge Charles Lettow of the U.S. Court of Federal Claims said in his decision.

Harvey dumped nearly 3 feet (90 cm) of water on the fourth most-populous U.S. city and flooded a third of Harris County, where the city and many of its suburbs are located along the U.S. Gulf Coast.

“The government had made a calculated decision to allow for flooding these lands years before Harvey, when it designed, modified, and maintained the dams in such a way that would flood private properties during severe storms,” Lettow wrote.

The ruling, which involved 13 owners chosen as test cases, opens the door to billions of dollars in potential claims from other property owners, attorneys have said.

The homes were built in areas that had been free of major flooding around federal land in the Addicks and Barker reservoirs in West Houston. The ACE called the enormous rainfall during Harvey an unforeseeable event.

Homeowners alleged the government improperly used their land to store water, calling it an unlawful taking of their properties by the government. Under the Fifth Amendment to the U.S. Constitution, the federal government cannot take private property without compensating the owner.

A representative for the Army Corps of Engineers was not immediately available to answer questions about the decision.

Lettow is expected to make a decision next year on the amount of compensation the 13 homeowners can receive.

“The government intentionally flooded these private homes and businesses to save downtown Houston,” said attorney Daniel Charest of Burns Charest, co-lead class counsel for the property owners.

(Reporting by Erwin Seba; Editing by Peter Cooney)

Greece to give millions in compensation to flood victims

Greece to give millions in compensation to flood victims

ATHENS (Reuters) – Greece said on Monday it would offer emergency compensation worth millions of euros to hundreds of households affected by flash flooding west of Athens that killed at least 20 people on Nov. 15.

Hundreds of homes and businesses were extensively damaged in the coastal towns of Mandra and Nea Peramos when a torrent of mud and water smashed into the settlements, built along dry gullies on the foothills of a mountain range.

Twenty people died and two remain missing from the early-morning deluge, the worst casualty toll from flooding since 1977 when more than 30 people died.

The disaster has prompted recriminations and finger-pointing over a perceived inability of Greek authorities to act on prior warnings that areas with poor infrastructure and unlicensed construction were vulnerable to flooding. Critics also asked why flood prevention projects had been delayed.

Authorities will offer flood victims up to 5,000 euros ($5,896.50) for households and 8,000 euros for businesses, government spokesman Dimitris Tzanakopoulos said.

It was not immediately clear how much the state had budgeted for compensation. Tzanakopoulos told Reuters the amount would come from the national budget.

That assistance would be over and above compensation residents were entitled to, comprised of 60 percent government aid and 40 percent interest-free loan, he said.

The flash flooding hit many areas of the country, including housing settlements where town planning regulations are often flouted.

(Reporting by Michele Kambas; editing by Mark Heinrich)