Category:

Disaster & Management

Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers

Another rating agency S&P has said the catastrophic flash floods that hit the Valencia region on Oct. 29 will have limited effects on private insurers and reinsurers. Around 4,500 businesses in the Valencia area have been directly affected, half of which face...

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India faces 24.7 pc GDP loss by 2070 due to climate change: ADB report

"India is reported to have the highest number of affected individuals and damage costs, with residential losses being predominant," the report said New Delhi: Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by 2070 across...

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Lloyd’s and UNCDC establish first of its kind disaster resilience vehicle for Small Island Developing States

Initially covering Fiji, Papua New Guinea and Samoa, the vehicle will respond to disasters caused by natural perils including tropical cyclone, earthquake, tsunami and flood – with the long-term aim of scaling and replicating the vehicle throughout the Pacific region...

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