From an insurance perspective, events such as recent floods in...
Category:
Disaster & Management
Latest
Nepal floods could cost insurers over $130 million even before death, injury claims
Eleven Nepali hydropower projects lie in the affected region, some...
Home secy Govind Mohan reviews preparedness of Himalayan states/UT for GLOF and snow avalanches
Govind Mohan,Union Home Secretary The meeting concluded with...
Sudden flood sweeps through northern Nepal, Nearly 100 killed, over 750 missing
Nepal Foreign Minister Shisir Khanal told the parliament that an earthquake hit the Tibet region at 8:37 am (local time) and the flash floods were reported three minutes later, suggesting the tremors may have caused a glacial outburst which triggered the floods. The...
SEBI launches Cyber Suraksha Portal for cyber alerts, vulnerability warning
"Through this portal, market participants can directly access the latest cybersecurity circulars, vulnerability warnings and incident insights," SEBI said Mumbai: The Securities and Exchange Board of India (SEBI) on Monday launched the Cyber Suraksha Portal, a...
At least 47 dead in eastern Indonesia after magnitude 7.7 quake
Authorities issued a tsunami warning and urged coastal residents to move to higher ground, but later lifted the warning when Indonesia’s meteorological agency said monitoring showed no significant sea-level changes that posed a threat to coastal communities. Some...
Uttarakhand: 7 dead in tunnel tragedy in Chamoli; search on for 3 missing
The incident occurred in a tunnel at Mayapur (Pipalkoti), when landslides and subsidence caused debris and water to fill half of the tunnel, trapping workers inside. GOPESHWAR (UTTARAKHAND): Seven workers died when water gushed inside a tunnel under construction at a...
Kerala partners with SAS to strengthen social welfare schemes delivery using Artificial Intelligence
The collaboration marks an important milestone in Kerala’s ongoing efforts to harness advanced analytics and artificial intelligence to drive enhanced transparency in beneficiary selection, and establishment of a safety net for disaster prevention,mitigation, and...
Liberty Mutual Reinsurance makes world’s first earthquake parametric payment triggered by Safehub’s Shake Network
Jean-Christophe Garaix, head of parametrics and agriculture at Liberty Mutual Reinsurance, said: "Parametric insurance is increasingly being used to support natural catastrophe events. We deliver sophisticated parametric solutions which help clients in their times of...
Changing Hazards:Benign H1 2026 masks rising natural catastrophe risk, finds Swiss Re
Wildfire risk has so far accounted for only a relatively small share of insured losses in Europe. Yet it is the fastest-growing weather peril globally. Insured wildfire losses in Europe have increased by an estimated 8–11% per year in real terms since 1970, Swiss Re...
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 the “Ring of Fire”, the line of seismic faults encircling the Pacific Ocean where most of the world’s earthquakes occur. BOGOTA, Colombia: A powerful 7.4 magnitude earthquake struck western Colombia on...
Wildfires fan record sales of Cat Bonds to backstop risk
Wildfire risk is now the fastest-growing category of natural-catastrophe peril globally, with insured losses rising roughly 12% a year, according to KatRisk, a risk modeling firm. At the same time, investors are getting more comfortable with the financial models being...
Climate change made ‘fire-prone’ weather conditions more likely in Spain and France, scientists say
“We’ve seen repeatedly how climate change increases hot, dry, flammable conditions that are extremely conducive to wildfires," said Clair Barnes, a research associate in extreme weather at Imperial College London, who co-authored the WWA analysis. BRUSSELS:...