The case in Japan follows similar global lawsuits in which groups...
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Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide...
Total global insured losses in 2025 at $107 billion, 24% lower than $141 billion recorded in 2024
Balz Grollimund, Swiss Re's Head Catastrophe Perils, says: "We are...
Sitharaman asks PSBs to develop credit models to fund Indian made small modular nuclear reactors
Lto R -M. Nagaraju,secretary,Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Minister of State for Finance Pankaj Chaudhary at a high-level meeting in New Delhi to review performance of PSBs Sitharaman...
Govt proposes new registration plate for hydrogen vehicles
According to a draft notification issued by the Ministry of Road Transport and Highways on Friday, in case of a hydrogen fuel operated commercial vehicle, the top half of number plate will be green and bottom half blue, while the figures on plate will be in yellow New...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be at “critical risk” from the fallout of climate change unless owners do more to protect existing and planned assets, according to a report by Zurich Resilience Solutions, a unit of Zurich Insurance...
India enters top 100 in global SDG rankings for first time
The report's authors flagged that SDG progress has stalled at the global level, with only 17 per cent of the 17 targets projected to be achieved by 2030. New Delhi: India has for the first time secured a place among the top 100 out of 167 countries ranked for their...
Asia warming twice as fast as global average: WMO
The sea surface in Asia is also warming at nearly double the global average over the past decades, said the World Meteorological Organization's "State of the Climate in Asia in 2024" report. New Delhi: Asia, the largest continent in the world with around 60 per cent...
Battery Ventures invests in Descartes Underwriting
“Over the past six years, Descartes has established itself as the leading parametric insurance business for climate-related risks, remaining true to our scientific approach to risk transfer.''Tanguy Touffut, CEO and co-founder PARIS: Descartes Underwriting, a major...
Nuclear-powered ships may reshape trade with cleaner, faster transport, to pose problems for insurance
Commercial insurance companies won’t provide coverage for ship that runs on fission because the potential cost of a nuclear accident is simply too high. Without insurance, few civilian ports would allow a nuclear-powered cargo ship to dock The commercial shipping...
US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year
Overall, increased climate costs from insurance premiums, power outages, disaster recovery and uninsured damage are responsible for $7.7 trillion, or 36%, of US GDP growth since 2000. Risks are rising both from climate change, as it increases the severity and...
Action plan should be made to tackle heat waves: Amit Shah
Amit Shah ,Union Home Minister ``For the first time, we have also created a National Disaster Risk Management Fund at the national level with ₹68,000 crore,'' revealed Amit Shah New Delhi: Union Home Minister Amit Shah said over the past two years, workshops of all...
Hindu Kush Himalayas at greater risk Of landslides, floods this monsoon: Report
While the monsoon is crucial for refilling these rivers, the danger from water-related disasters, such as floods, landslides, storms, heatwaves, wildfires, droughts and GLOFs, is increasing due to the worsening impacts of climate change. New Delhi: There is a high...