The Southeast Asian archipelago is one of the most seismically...
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Geopolitical volatility surges into top 10 business risks for the first time, Aon study
"The dramatic rise of trade and geopolitical risk highlights a new...
New Zealand makes changes in earthquake-prone buildings its assessment to reduce costs
“While well intentioned, the current system for assessing and...
Infants, older adults in India exposed to more heatwave days in last decade, Lancet report reveals
Estimating economic impacts of heat in India, the report found that the agricultural sector was the worst hit from potential income loss due to a reduced capacity of labour in 2023 -- to the tune of over $71.9 billion in potential losses In India, over the last...
Global insured cat losses to exceed $102 billion: Aon
The report highlights that insured losses from primary perils during the first nine months of 2024 were relatively low, with no event exhibiting the potential to significantly impact the broader reinsurance market LONDON: A report by Aon plc reveals that there were at...
Spain searches for bodies after unprecedented flooding claims at least 158 lives
Human-caused climate change has doubled the likelihood of a storm like this week’s deluge in Valencia, according to a rapid but partial analysis Thursday by World Weather Attribution, comprising dozens of international scientists who study global warming’s role in...
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...
Cyclone Dana: Crops on 1.75L acre in Odisha damaged, another 2.80L acre submerged, says Govt
Chief Minister Mohan Charan Majhi during a review meeting on Friday night said the final estimate of the loss in the agriculture sector would be known from the detailed report, on the basis of which the government would decide on compensation for farmers Bhubaneswar:...
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...
Severe cyclone ‘Dana’ begins landfall process on Odisha coast: IMD
However, there was no report of any major damage or casualty so far even as the landfall process started more than an hour ago, the official said Bhubaneswar: The landfall process of severe cyclonic storm 'Dana' began on Odisha coast on Thursday night and was expected...
‘Severe’ solar storm arrives at Earth
This storm could impact ongoing recovery efforts for hurricanes Helene and Milton in several critical ways, including communication disruptions, power grids stress, and degraded GPS services, according to NOAA Los Angeles: A powerful solar storm arrived at Earth on...
Hurricane Milton leaves at least 10 dead, millions without power in Florida
More than 3 million homes and businesses in Florida were without power on Thursday morning, according to PowerOutage.us. At least some had already been waiting days for power to be restored after Hurricane Helene hit the area two weeks ago. Hurricane Milton plowed...
Milton’s insured losses will range from $30 billion-$50 billion: Fitch
Milton will push global industry insured losses thus far in 2024 to over $100 billion, which is the fifth consecutive year losses have crossed this threshold. This heightened level of catastrophe losses will likely limit any potential for rate declines in property...