Jean-Christophe Garaix, head of parametrics and agriculture at...
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Changing Hazards:Benign H1 2026 masks rising natural catastrophe risk, finds Swiss Re
Wildfire risk has so far accounted for only a relatively small...
Magnitude-7.4 quake hits western Colombia, collapsing buildings and killing at least 73 peop
Colombia’s Pacific region around the quake’s epicenter lies along...
Assam flood: Over 4.4 lakh people affected in 6 districts, toll remains at 68
No deaths were reported in the past 24 hours, with the toll in this year’s deluge remaining at 68, the ASDMA bulletin said. Guwahati:The flood situation in Assam improved marginally on Monday, with no fresh fatalities reported in the last 24 hours, though 4.45 lakh...
Why El Niño’s promise of quieter Hurricane Season may not be good news for insurers
“All it takes is one landfalling hurricane to create an insured loss of a magnitude we’ve never seen before … And that could absolutely happen in an El Niño year,” said Kimberly Roberts, advisory leader of North American peril at reinsurance broker Guy Carpenter For...
Floods, landslides across northern India kill at least 25
GUWAHATI/SRINAGAR: At least 25 people died in floods and landslides caused by torrential rain across northern and northeastern India over the weekend, officials said on Monday, with more rain predicted over the next few days. At least 23 people have died and seven...
Bavi hits China, Millions evacuated
Scientists say climate change is increasingly exposing the world’s second-largest economy to destructive weather events, with this year of particular concern due to the expected emergence of the El Nino weather pattern, which could drive up temperatures and fuel more...
HP to develop Rs 3,500 cr disaster resilience infrastructure: CM
The Western Himalaya was an ecologically fragile region where disasters have significantly increased in recent years.There is a need to move beyond conventional development models by integrating disaster resilience into infrastructure planning, strengthening early...
London steps up bid to become global ILS Hub
London’s dominance in insurance-market infrastructure makes it an obvious destination for issuers of catastrophe bonds and other ILS products, says Caroline Wagstaff, chief executive of the London Market Group, whose members include insurers operating in the world’s...
Europe faces prolonged heatwave amid rising fire and electricity risks
Climate change is intensifying periods of extreme heat on the fastest-warming continent. The record-breaking heat and drought have fueled the worst start ever to the global wildfire season, with climate scientists warning that a developing El Niño could bring even...
Allianz warns of rising uninsurable assets
Extreme weather events — such as the heat wave gripping Europe — are making a growing number of assets too risky to insure, according to a director at Europe’s largest primary insurer. “Certain locations and perils cannot be covered as we would wish them to be...
Venezuela earthquakes kill nearly 1,000, tens of thousands missing
United Nations aid chief Tom Fletcher told AFP that more than 50,000 people were missing after two powerful earthquakes struck within a minute of each other on Wednesday evening, flattening buildings in the north of the country. The death toll from twin earthquakes in...
Twin powerful quakes devastate Venezuela; Death toll rises to 164, nearly 1,000 injured
Wednesday evening’s 7.2 and 7.5 magnitude earthquakes were among the strongest to strike Venezuela in more than a century and could be felt throughout the region. The country's main airport was damaged and closed, while buildings were evacuated in places as far away...