The system will not make landfall either in Odisha or Andhra...
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Aila, Amphan, Asani: How A Cyclone is Named?
Each tropical storm is given a name to avoid confusion,...
Indian states ready with plans to mitigate heatwave impact, official says
The National Disaster Management Authority (NDMA) has categorised...
China’s Coronavirus deaths, infections rise; supply chains, production,travel disrupted
In China, cities have been shut off, flights canceled and factories closed, shutting supply lines crucial to the world economy. Companies including Hyundai Motor, Tesla , Ford, PSA Peugeot Citroen, Nissan , Airbus, Adidas and Foxconn are taking hits.
China virus toll nears 500,to affect Chinese insurers’ earnings
While the claim expenses associated with the outbreak remain uncertain, medical costs for future treatments may burden insurers. As of 3 February 2020, the Ministry of Finance and local governments have planned to allocate total funding of CNY47bn ($6.7bn) to assume responsibility of medical-related costs.
US working closely with China to combat coronavirus outbreak: Trump
Worldwide, the virus, so far, has spread to Thailand, Singapore, Japan, South Korea, Australia, Malaysia, Taiwan, Vietnam, Macau, India, Philippines, Nepal, Sri Lanka, Cambodia, United States, Canada, Germany, France, Britain, Italy, Russia, Finland, Spain, UAE and Sweden.
Coronavirus: For China virus insurance, check the small print
The reinsurance market at Lloyd’s of London has not seen any untoward activity from traditional insurers looking to hedge their exposure to risks arising from this outbreak, two sources in the underwriting trade said.
Coronavirus to hit reinsurers hard:AM Best
einsurers may face higher levels of risk than L/H insurers, as their risk profiles entail higher exposures to mortality and morbidity risks. However, global reinsurers have been broadening their risk exposures in recent years in an effort to minimize the concentration of mortality and morbidity risks.
Thailand sees apparent success treating coronavirus with drug cocktail
In a video released Sunday, health minister Anutin Charnvirakul visited a patient from Wuhan who had recovered from the coronavirus, chatting with her amicably in Mandarin as she thanked him and the medical staff.
As economic costs of Coronavirus mount, China accuses U.S. of overreacting
The number of deaths in China from the newly identified virus, which emerged in Wuhan city in the central province of Hubei in December, had risen to 361 as of Sunday, up 57 from the previous day, the National Health Commission said.
Odisha is the most disaster prone state in the country:15th Finance Commission
A Disaster Risk Index (DRI) has been prepared by the FFC that assigns scores to each state based on probability and vulnerability.
“It is the first attempt to include state-level disaster risk scores in resource allocation and address a serious deficiency in the previous state-level allocations for disaster management,” the commission said in its report tabled in Parliament on Saturday.
Allianz sets up an emergency response fund to support China’s fight against the coronavirus epidemic
The initial pledge towards this fund is RMB 4 million (EUR 520,000), coming in part from Allianz SE’s Disaster Recovery Fund and in part from Allianz’s operating entities in China and the region
China:Coronavirus cases surpass SARS as big economic hit looms
India was the latest nation to report a case, a student of Wuhan University. And South Koreans protested at facilities earmarked as quarantine centres, throwing eggs at a minister.