Disaster & Management

IPCC report a call to action for all, especially countries like India: Co-authors

As per the report's indicators, India, with a large coastline and millions of people surviving on the revenue they earn from fisheries, has many things to worry about. With the rise in seawater level, which the report documented as 3.7 mm per year between 2006 and...

Global insured losses from natural catastrophes break through USD 100 billion threshold again in 2022: Swiss Re

Global insured losses from natural catastrophes break through USD 100 billion threshold again in 2022: Swiss Re

This reaffirms the trend of a 5–7% average annual increase in insured losses over the past three decades, reveals Swiss Re’s latest sigma report "The magnitude of losses in 2022 is not a story of exceptional natural hazards, but rather a picture of growing property...

Yellen warns climate change could trigger asset value losses, harming US economy

Yellen warns climate change could trigger asset value losses, harming US economy

"As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system. And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as...