For cat bond investors, “current signals point to lower activity...
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Disaster & Management
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Governments lead Asia’s $100 billion climate resilience push
Climate adaptation is slowly being seen as a potential target area...
Climate Adaptation & Resilience in Asia: Pricing Risk,Financing Solutions
By 2030, Asia will account for around 75% of the global climate...
India and Fiji join hands for climate action, resilience building and sustainable development
Prime Minister Narendra Modi and Sitiveni Rabuka,Prime Minister, Fiji, in New Delhi Prime Minister Narendra Modi had hosted a lunch for heads of offices supporting the economy of Fiji which was attended by R. Doraiswamy, CEO & MD , Life Insurance Corporation,...
Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric re/insurance policies, better aligning payout with actual losses. The scalable nature of Safehub’s technology allows for rapid and dense deployment of sensors, enabling risk transfer solutions even in...
J-K: Five killed, 14 injured as landslide hits Mata Vaishno Devi route
The hill state of Himachal Pradesh, already reeling under the devastation caused by multiple landslides and flash floods, saw shops being washed away, buildings collapsing, and highways cut off. A total of 680 roads were closed in the state, with Mandi and Kullu...
Europe’s wildfires burned the most land in nearly 20 yrs
Fire activity has surged in recent weeks as another blast of unseasonable heat sapped the last moisture from Europe’s fields and forests, leaving them primed to ignite. Deadly, wind-whipped blazes have flared from Portugal and Spain to Greece and Albania. Researchers...
Govt has rescue-centric approach to handle disasters: Amit Shah
Amit Shah, Union Home Minister ``As a result of the efforts of the government in the field of disaster management, there has been a 98 per cent reduction in the damage caused by cyclones and a significant reduction in heat wave casualties. The Government is...
Cloudbursts: Hitting Himalayan regions hard
This monsoon season has so far seen at least four major deadly cloudbursts, including in Uttarakhand, India, where video captured the moment when village buildings were swept down a mountain, and in Buner, in the Hindu Kush mountain range in Pakistan, where more than...
Mumbai rained out; air, road, rail services hit; 500 evacuated after Mithi level rises
"Mumbai has witnessed a record rainfall of nearly 300 mm. The city's lifeline -- suburban trains -- have slowed down. The Mithi river (which runs through Mumbai) reached the danger-level mark and 400 to 500 persons had to be evacuated," Chief Minister Devendra...
Massive cloudburst in J-K’s Kishtwar,46 dead
“A massive Cloud burst in Chositi area, which could result in substantial casualty. Administration has immediately swung into action, rescue team has left for the site”, said Union Minister Jitendra Singh said on X. JAMMU: At least 46 persons are feared dead and over...
Frequent disasters expose climate risks to infrastructure in South Asia
The Himalayan region, which crosses Nepal and several nearby countries including India, is especially vulnerable to heavy rains, floods and landslides because the area is warming up faster than the rest of the world due to human-caused climate change. Climate experts...
Did cloudburst cause Uttarkashi flash flood? Experts say rain data doesn’t support claim
“Data available with us does not reflect the occurrence of a cloudburst,” Rohit Thapliyal, a scientist with the India Meteorological Department (IMD) said. Dehradun: A cloudburst in the upper catchment of the Kheer Ganga river is widely believed to have triggered the...