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APAC Cat Report:Economic losses of $76 bn,Insured losses at $7 bn in 2025, says Aon
Extreme heat is also emerging as one of Asia Pacific’s most...
Global Cat Report:Q1 of 2026 records $37 bn of economic losses and $20 billion of insured losses
The report highlights Q1 economic losses of at least $37 billion...
‘Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030’
Almost half of the credit of scheduled commercial banks is significantly dependent on nature and its ecosystem so any natural calamity impacts their bottomline. By 2030, as per estimates, 42 per cent India's districts are projected to experience temperature rise by up...
Delta Air Lines offer $30,000 to each passenger for Toronto disaster
Carriers in the past have made similar payments, such as $5,000 to help passengers replace possessions lost on US Airways’ “Miracle on the Hudson” flight in 2009 Delta Air Lines Inc. is offering $30,000 to every passenger aboard a regional jet flight that came to rest...
India sixth-most severely-affected country by extreme weather from 1993 to 2022: Report
India experienced more than 400 extreme weather events in the three decades, causing losses of nearly "USD 180 billion and at least 80,000 fatalities", the report said. New Delhi: India ranked as the sixth-most severely-affected country by extreme weather events in...
Los Angeles Wildfires: A Wake-up Call For Re/Insurers
Wildfire exposures can be mitigated by relatively simple and cost-effective measures that fall under the responsibility of local governments and communities and include disaster planning, forest management, maintenance of key / vulnerable infrastructure, building...
LA wildfire losses can touch $164 billion, report says
Insured losses are estimated at $75 billion.The disaster will reduce L.A.’s gross domestic product by $4.6 billion, or about 0.5%, in 2025. Insured losses may cover only a fraction of the costs for fire victims. Many property owners seeking to rebuild were...
Europe’s insurers may face new capital rules for climate risk
The goal is “to ensure the continued protection of policyholders and the overall stability of the EU’s insurance market amid more erratic and damaging weather patterns,” EIOPA said Europe’s insurance watchdog has called for a recalibration of capital requirements to...
Closing Crisis Protection Gap: Leaders call for 10 fold higher finance to meet cost of future crises
Less than $1 of every $5,000 of crisis finance goes to low income countries in the form of prearranged finance. Annual global economic losses from unmitigated climate change are projected to range between $7 trillion and $38 trillion by 2050 The High-Level Panel on...
Munich Re promotes Parametric solutions for Cat losses in India
An one day event on ``Disaster Risk Transfer and Financing Solutions for India'', organised by Munich Re, aims to bring together representatives from various Indian states, the insurance industry, government bodies, International organizations experienced in disaster...
With ‘zero casualty’ goal, India becomes global leader in disaster management: Amit Shah
Union Home Minister Amit Shah said that earlier the approach to disaster was relief-centric, but now the approach is 'rescue-centric' to save people from disaster, The working style has changed from reactive to proactive methodology. Now the 'zero casualty' goal is...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane
The ministry suspects that both engines shut down shortly before the pilot attempted an emergency landing, depriving the aircraft of almost all electrical power as it touched down. The plane’s two black boxes, the flight data recorder and cockpit voice recorder, both...