Ang Li, Melbourne School of Population and Global This year, ten...
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“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...
Landslides after heavy rain in northern India kill 15, several missing
Uttarakhand is prone to floods and landslides, which some experts...
Catastrophe bonds dodge worst-case scenario after Milton
Overall, Icosa Investments AG now sees insured losses in the range of $20 billion to $60 billion, meaning cat-bond investors look to be facing a maximum hit of 4%. On Wednesday, before Milton landed, Icosa warned that a direct hit to Tampa threatened to cause insured...
Catastrophe bond investors brace for major losses as Milton rages
Catastrophe bonds, or cat bonds as they’re known in the industry, are issued by insurers and reinsurers to provide financial protection against the most severe natural disasters. Investors who buy the bonds stand to make large gains if a predefined event doesn’t...
Hurricane Milton could cost insurers up to $100 billion, analysts say
The Category 5 hurricane is due to make landfall on the Gulf Coast of Florida late on Wednesday or early Thursday, and is potentially one of the most destructive ever to hit the region, which is still recovering from devastation caused by Hurricane Helene less than...
Just 1.1% of total crisis financing from international development donors arranged in advance in 2022, concentrated in wealthier regions
The numbers of people protected by pre-arranged finance instruments grew in 2023, with 232 million people protected under pre-arranged financing instruments, a 27% increase from 2022. Coverage remained concentrated in middle-income countries (USD7.8 billion in 2023);...
Floridians flee looming catastrophe as Hurricane Milton approaches
The storm was on a collision course for the Tampa Bay metropolitan area, home to more than 3 million people, though forecasters said the path could vary before the storm makes landfall late Wednesday night or early Thursday morning. Officials from U.S. President Joe...
10 people killed in flashfloods triggered by heavy rain in Meghalaya
Incessant rainfall has triggered landslides in Gasuapara region of the district Shillong: At least 10 people died, including seven of a family, in rain-induced flashfloods that ravaged Meghalaya's South Garo Hills district in the past 24 hours, officials said....
More than 1-in-3 people globally vulnerable to flood Risk, says Moody’s
South Asia is the most flood-prone region, with almost 40% of its inhabitants susceptible to inland flooding and just over 5% at risk from coastal flooding at the 100-year return period level London: As the Southeastern US and central Europe contend with the aftermath...
Govt allows non-forest depts to undertake disaster prevention work in forest areas
In a letter to states and Union territories on Tuesday, the ministry said that according to the Van (Sanrakshan Evam Samvardhan) Adhiniyam, 1980, and related guidelines, certain forestry activities can be carried out in forest areas in emergency situations, such as...
Centre releases Rs 5858.60 crore to 14 flood-affected states
The Centre has released more than Rs14,958 crore to 21 states this year, said the MHA.This includes Rs9,044.80 crore from the SDRF to 21 states, Rs4,528.66 crore from the NDRF to 15 states, and Rs1,385.45 crore from the State Disaster Mitigation Fund (SDMF) to 11...
1,492 people died in extreme weather events in 2024 monsoon season
The data also revealed that Madhya Pradesh recorded the highest number of deaths (189) due to thunderstorms and lightning strikes, followed by Uttar Pradesh (138), Bihar (61), and Jharkhand (53) New Delhi: A total of 1,492 people died in India during extreme weather...