The new bill, named the Sustainable Harnessing of Advancement of...
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Climate, Environment, Renewable Energy
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Cabinet nod for Bill seeking to open up civil nuclear sector for private participation
To facilitate the implementation of the Nuclear Energy Mission,...
Climate change supercharge devastating South Asian floods
A trio of tropical cyclones battered the region from Sri Lanka to...
“For Munich Re, it is of utmost importance that rates and conditions are risk-adequate to insure sustainability of the business”
With the beginning of the renewal season in Asian region, Hitesh Kotak, Chief Executive - Japan, India, Korea and South-East Asia, Munich Re, in an exclusive interview with Asia Insurance Post, has said the reinsurance market has currently achieved a sensible balance...
Electric Vehicles: Indian Automakers plan to launch dozen of new models
While EV sales growth in India is also slowing, rising 20 per cent in 2024 from a year ago to about 100,000 units, it outpaced the overall car market growth of 5 per cent over the same period Automakers operating in India plan to launch close to a dozen new electric...
Form panel to consider phasing out petrol, diesel vehicles: HC to Maha govt
A division bench of Chief Justice D K Upadhyaya and Justice Girish Kulkarni directed the government to form a committee of experts and civil administrators within a fortnight to consider whether it will be feasible to phase out diesel- and petrol-based vehicles from...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial Asia, said, “Business interruption is the most significant risk for companies in the region and this is no surprise as Asian economies are increasingly participating in trade globally and regionally....
Vision-2047: India targets 100-pc severe weather detection, zero deaths
IMD Director General Mrutyunjay Mohapatra said the Vision-2047 document will help integrate weather and climate information into all national objectives, making India a "weather-ready" and "climate-smart" nation while improving socio-economic conditions. NEW DELHI:...
Global electric vehicle sales up 25% in record 2024
Sales in China jumped 36.5 per cent to 1.3 million vehicles in December, and totalled 11 million for the whole of 2024. Global sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and 97% of insured losses. Around 11,000 people lost their lives as a result of natural disasters in 2024 – significantly fewer than the average. Non-peak perils are increasingly fuelling the trend of...
Wildfires rage in Los Angeles, forcing tens of thousands to flee
Numerous buildings were destroyed and nearly 3,000 acres (1,200 hectares) burned in the Pacific Palisades area between the beach towns of Santa Monica and Malibu, officials said. The area is home to many film and music stars. LOS ANGELES: More than 30,000 people...
A top climate group for banks and asset managers is making changes
While GFANZ has grown in prominence — it now has more than 700 members — it also has become a target of US Republicans who accuse such alliances of functioning as anti fossil-fuel cartels. Such accusations have coincided with an increase in investigations and lawsuits...