“This new bond label is a notable development for the market.The...
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Disaster & Management
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Hurricane Melissa makes Cuba landfall after lashing Jamaica
The hurricane is expected to result in property damages costing...
Catastrophe bond investors brace for Jamaica payout
Depending on exactly where Melissa hits Jamaica, total losses may...
Death toll rises to 69 after a 6.9 magnitude earthquake strikes central Philippines
The Southeast Asian archipelago is one of the most seismically vulnerable countries on the planet, often experiencing more than 1,000 quakes a year A magnitude 6.9 earthquake struck in waters near the island of Cebu in the central Philippines late on Tuesday, the...
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 reality: volatility and uncertainty are now constants for organizations. From evolving tariffs to shifting alliances, these forces directly impact organizations' balance sheets. Building resilience...
New Zealand makes changes in earthquake-prone buildings its assessment to reduce costs
“While well intentioned, the current system for assessing and managing seismic risk in buildings places an overwhelming financial burden on building owners,” said Penk. “For many buildings, the price of strengthening runs from hundreds of thousands to several million...
Heat, Air Quality & Insurance Costs: How climate change is affecting our homes – and our health
Ang Li, Melbourne School of Population and Global This year, ten days of extreme heat in Europe killed roughly 2,300 people, severe flooding on the New South Wales coast left more than 48,000 stranded, and wildfires in Los Angeles destroyed at least 16,000 homes and...
“Learning from disasters, Himachal govt to frame strict building norms for rural areas”: HP Minister Rajesh Dharmani
Attributing the increasing devastation to climate change and rising temperaturesIn the past three years, disasters have caused damages of ₹20,000 crore to Himachal Pradesh., Chief minister Sukhvinder Singh Sukhu,said Shimla: Taking lessons from the widespread...
Landslides after heavy rain in northern India kill 15, several missing
Uttarakhand is prone to floods and landslides, which some experts blame on climate change Landslides and heavy rain in India's Himalayan state of Uttarakhand killed at least 15 people on Tuesday, with 16 missing, Indian media reported on Wednesday. Visuals showed...
Australia to $6 billion on climate adaptation through 2030
The money is earmarked for flood mitigation, bushland conservation, supporting the agriculture sector to transition to net zero, and managing health impacts across society, among others, according to the National Adaptation Plan. That was released alongside a report...
Entire Himalayan range facing ecological crisis: SC
A report filed by Himachal Pradesh said the recent devastations in the form of high-intensity rainfall, cloudbursts, flash floods, landslides, variations in snowfall patterns, and receding glaciers were manifestations of climate change, an undeniable global phenomenon...
Monsoon disasters claims 386 lives, cause losses of Rs 4,465 crore
The cumulative monetary loss is pegged at ₹4,46,574.93 Lakh (₹4,46,5 crore), the bulk of which comes from damage to roads, power, water supply, agriculture, horticulture, education, fisheries, and rural development infrastructure - ₹2,71,879 Lakh in damage to roads...
Disasters damage $12.7 Billion of African Infrastructure annually
“Climate change is expected to increase the impact of disasters on infrastructure by as much as 27%, resulting in average annual loss of $2.4 billion,” the report said, without giving a date. “Africa is one of the most vulnerable regions to climate-related disasters.”...