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El Ninos cost trillions of dollars with lasting economic scars: Study

by AIP Online Bureau | May 19, 2023 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

Study authors said the average El Nino costs the global economy about $3.4 trillion. The strong 1997-1998 one cost USD 5.7 trillion. The World Bank estimated the 1997-1998 El Nino cost governments USD 45 billion, which is more than 100 times smaller than the Dartmouth...

Myanmar raises death toll from Cyclone Mocha to 54, but full extent of damage still unknown

by AIP Online Bureau | May 19, 2023 | Disaster & Management, Eco/Invest/Demography, International News

Cyclone Mocha roared in from the Bay of Bengal on Sunday with high winds and rain slamming a corner of neighbouring Bangladesh and a wider swath of western Myanmar’s Rakhine state It made landfall near Rakhine’s Sittwe township with winds of up to 209...

by AIP Online Bureau | May 19, 2023 | Workplace/Employee Benefits

India is developing programmes to reduce risk of losses from all hazards: PK Mishra

India is developing programmes to reduce risk of losses from all hazards: PK Mishra

by AIP Online Bureau | May 19, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

P K Mishra, Principal Secretary, PMO India has significantly increased funding earmarked for disaster risk reduction and has brought about landmark changes in its financing architecture to support the entire spectrum of disaster risk management needs – disaster risk...

US, UK, others seek to target illicit oil shipping transfers at sea

by AIP Online Bureau | May 18, 2023 | International News, Non-Life, Risk Management

Hundreds of “ghost” tankers, which are not fully regulated, have joined this opaque parallel trade over the past few years, carrying oil from countries hit by Western sanctions and restrictions, including Russia and Iran The number of incidents last year, including...
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