Business
‘Flood, Dana Air Crash, Major Disasters’
An insurance operator, Mr Eddy Efekoha, on Tuesday identified the Dana Air crash in Lagos and the flooding across the country as the two events that jolted the insurance industry in 2012. The Managing Director, Consolidated Hallmark Insurance Plc, Efekoha, said in Lagos that the two events shocked the industry because they were least expected.
He said that the incidents were least expected because Nigeria had not been identified as a natural disaster zone.
He said that the events reduced the premium the industry would have earned in 2012 as well as increased its claims portfolio. “In the past, most insurers will look at special risk of flood as just flood from leaking tanks, overhead tanks and rain water,” he said. He said that the recent flooding showed that anybody could be affected. “This means that a risk is with us and we must take all the measures to plan for it and to manage it effectively.
“It is a wake-up call on insurance practitioners and operators to strategise on how to tackle risks arising from such in 2013,” he said. Our correspondent recalled that the Dana aircraft crashed into a residential area on June 3, 2012 at Iju, Lagos, killing many residents, the passengers and the crew members. Also, the release of water from the Lagdo Dam in Cameroon, coupled with heavy downpour, caused flooding in most coastal areas nationwide.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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