Disaster & Management

China chemical plant explosion death toll climbs to 44; 32 others critical

International News       Mar 21, 2019

  Beijing: The toll in the explosion at an industrial park in eastern China climbed steeply to 44 on Friday morning as a number of people succumbed to their injuries.   The explosion occurred on Thursday following a fire in a fertilizer factory in a chemical industrial...

NYC Mayor proposes $10B plan to flood-proof Manhattan as Climate Risk grows

International News       Mar 15, 2019

  New York Mayor Bill de Blasio proposed a $10 billion plan to push out the lower Manhattan coastline as much as 500 feet, or two city blocks, to protect from flooding that’s expected to become more frequent as global temperatures rise.   The project would protect...

California considers insurance to help with wildfire costs

International News       Feb 15, 2019

   SACRAMENTO:  With cost of fighting wildfires is now at a record high. On Thursday, California politicians proposed a plan to tackle ballooning fire costs: taking out insurance.    The proposed legislation by State Senator Bill Dodd works just like a home insurance plan - California pays...

AI to tackle UK insurance fraud and assess flood damage

International News       Feb 15, 2019

  London: A project to develop breakthrough artificial intelligence(AI) technology for the anti-fraud sector, is one of a number of new projects, set to receive funding,that would enable the UK accountancy, insurance and legal services industries to transform how they operate.   The artificial intelligence software, being...

Moderate intensity quake jolts Kashmir

Indian News       Feb 05, 2019

  Srinagar: A moderate intensity earthquake of magnitude 5.6 rocked Kashmir on Tuesday causing panic among the residents who ran out of their homes.   The earthquake struck at 10.17 pm and lasted several seconds as people ran out of their homes, fearing for their safety, officials...

Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 – Aon report

International News       Jan 22, 2019

  Chicago: Aon's Weather, Climate & Catastrophe Insight: 2018 Annual Report reveals that 394 natural catastrophe events in 2018 generated economic losses of USD225 billion.   Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record....

Pandemics may cause $570 bn annual loss to global economy, says WEF report

International News       Jan 19, 2019

  New Delhi: Global businesses face huge risks from a new era of epidemics and pandemics that may cause an average annual economic loss of $570 billion to the global GDP, posing a threat similar to that from climate change, says a report.   In the report...

IMD working to give forecast on thunderstorms 6-12 hours in advance

Indian News       Jan 13, 2019

  New Delhi:  Scientists at the India Meteorological Department and other agencies are working to create models to forecast occurrence of thunderstorms six to 12 hours in advance, learning lessons from last year's deadly storms in pre-monsoon season that killed over 200 people in the north...

Global natural disasters wreak $160 bn damage in 2018; worst losses in US

International News       Jan 08, 2019

  Munich: Natural disasters including wildfires, hurricanes and tsunamis inflicted $160 billion of damage and claimed 10,400 lives in 2018, German reinsurer Munich Re said Tuesday.   Global natural disasters wreak $160 bn damage in 2018; worst losses in US including wildfires, hurricanes and tsunamis inflicted $160...

GST panel for Kerala levying 1% cess for 2 yrs to fund flood rehabilitation

Indian News       Jan 06, 2019

  New Delhi: The ministerial panel under Bihar Deputy Chief Minister Sushil Modi Sunday approved levy of 1 per cent 'calamity cess' by Kerala for a period of two years to fund rehabilitation work in the state hit by floods.   The goods and services, which will...

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