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Climate Adaptation & Resilience in Asia: Pricing Risk,Financing Solutions
By 2030, Asia will account for around 75% of the global climate...
Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub
Rafal Modrzewski, CEO and co-founder of ICEYE The company's...
Southern Africa floods killing 300 fueled by global warming
An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change. Nearly 800,000 people have been affected by the severe rains that started in December, the...
Southeast Asia faces intensifying compound catastrophes and escalating flood impacts
In Southeast Asia, this phenomenon is increasingly evident. Events such as earthquakes occurring on rain‑soaked ground or typhoons following seismic activity can escalate losses, often complicating claims processes and creating friction between insurers and...
RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to the Germanwatch Global Climate Risk Index 2025, which tracked events between 1993 and 2022.During this period, India experienced over 400 extreme weather events, resulting in at least 80,000 deaths and...
Signature Global to invest Rs380 cr on earthquake resistance technology
The 'Hysteretic Tuned Mass Dampers (HTMDs)' technology is a specialised system designed to reduce vibrations in high-rise buildings caused by wind and earthquakes.By controlling building movement, it enhances stability and occupant comfort. New Delhi: Realty firm...
2025 among world’s three hottest years on record,WMO says
The WMO, which consolidates eight climate datasets from around the world, said six of them – including the European Union’s European Centre for Medium-Range Weather Forecasts (ECMWF) and the British national weather service – had ranked 2025 as the third warmest,...
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance to Crans-Montana and a business liability insurance for “Le Constellation.” Both policies are “standard products” and the sum insured is limited, AXA’s Swiss unit said in a statement With flags...
ONGC makes significant progress in controlling blowout at Andhra well
The Crisis Management Team is progressing with operations in accordance with the approved blowout control plan, the state-owned oil and gas company said. Amaravati: Oil and Natural Gas Corporation Limited (ONGC) said on Wednesday that significant progress has been...
Australia’s major cities face an increasing risk of urban wildfires similar to deadly Los Angeles blazes
“Nearly every Australian capital city has a dangerous mix of preconditions for a catastrophic fire like LA — the possibility of extreme dry periods, severe winds, steep slopes, bushland near homes and a history of destructive fires,” said Greg Mullins, a former New...
ONGC activates emergency response after gas leak at Mori Field in Andhra Pradesh
"No injury or loss of life has been reported. The area has been cordoned off, cooling operations commenced, and ONGC has mobilised the Crisis Management Teams (CMT and RCMT). Preparatory work is in progress to facilitate well-control and, if required, capping of the...
Swiss bar’s owners face criminal negligence probe after fire
The fire, which may have been caused by sparklers igniting the club’s soundproofing insulation, killed at least 40 people and left 119 injured. The injured, many of them teenagers, were moved to hospitals in neighboring countries for intensive care and treatment as...