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J-K: Five killed, 14 injured as landslide hits Mata Vaishno Devi route
The hill state of Himachal Pradesh, already reeling under the...
Europe’s wildfires burned the most land in nearly 20 yrs
Fire activity has surged in recent weeks as another blast of...
Istanbul: With earthquake risk city’s business now getting ahead on contingency planning
The impact would, of course, be huge. Insurers estimate a $300 billion hit to the economy, equivalent to 27% of gross domestic product, according to a senior person in the industry. That would be three times the estimate from last year’s disaster. About $25-$30...
Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion
Jeff Waters, director, North Atlantic Hurricane Models at Moody’s, said, “Hurricane Debby should not be a major event for the (re)insurance market. Debby made landfall just 10 to 15 miles (16 to 24 kilometers) from last year’s Hurricane Idalia’s Florida landfall as a...
Severe typhoon set to disrupt flight, train services in Japan
Disruptions from tropical storms this time of year have become an annual occurrence in Japan and other countries in the region. They’re also more severe, causing factories to halt production and companies telling employees to stay at home. The latest typhoon,...
CM’s pharmacy stores’ on the anvil to make generic medicines available to people: Stalin
M K Stalin,Chief Minister,Tamil Nadu In his Independence Day address after hoisting the national flag at Fort St George, Stalin announced a comprehensive scientific study on natural calamities triggered by heavy rains in the mountainous regions of the state, including...
2024 Cat bonds issuance set to exceed 2023 record
A fresh analysis by Swiss Re shows issuance of the bonds was well over $12 billion in the first half of 2024, putting it on track to exceed the $15.6 billion issued throughout 2023 Investors can face huge losses if a pre-defined catastrophe hits, but enormous gains if...
People’s concerns over natural disasters growing in recent years: PM Modi
PM Narendra Modi addressing the nation from the ramparts of the Red Fort on the 78th Independence Day Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day, PM Modi said, "This year and over the last few years, we have all become...
Major wildfire rages out of control on the fringes of the Greek capital
Wildfires are frequent in Greece during its hot, dry summers, but authorities have said climate change is fueling bigger and more frequent blazes. The fire sent a blanket of smoke over the center of the Greek capital, darkening the sky. It began Sunday afternoon about...
SBI Gen, Munich Re and GIC Re bag Nagaland’s parametric renewal cover for disaster management
Neiphiu Rio,Chief Minister, Nagaland Nagaland Chief Minister Neiphiu Rio said his government and SBI General Insurance inked an MoU on for Disaster Risk Transfer Parametric Insurance Solution (DRTPS), making Nagaland the first state in the country to implement a...
Kerala CM Vijayan requests PM Modi for financial assistance to tackle climate change
Prime Minister Modi on Saturday visited to the disaster-affected region in Wayanad and is being received by Kerala Chief Minister Pinarayi Vijayan and Governor Arif Muhammad Khan CM Vijayan said that a thorough assessment of the damages is currently underway, with...
Amazon India sets up 4 hubs to deliver urgent relief material
"Our disaster relief efforts are guided by our extensive logistic network, warehousing expertise and our collaborative approach to work closely with non-profit partners, dedicated relief workers, and selfless volunteers on ground," said Anita Kumar, Head Amazon...