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UNDP and Generali partner to develop insurance and risk finance solutions
"On average, the world's poorest countries lose $29 billion every...
25 people dead as typhoon triggered landslides
Nearly 140,000 people have been affected by the storm locally known...
Wall Street increasingly weighs risk from climate change
The increase in wildfires has prompted underwriters, such as Hiscox Ltd to incorporate new risks models and stop insuring some clients in high-risk areas such as California.Overall, 10% of insurers refused to renew policies in wildfire-prone areas in California in 2018, according to the California Department of Insurance.
Maharashtra sanctions Rs 10,000 cr immediate aid for rain-hit farmers
“It was also decided to provide help to farmers through insurance companies. The government is in touch with insurance companies. The process of conducting ‘panchnamas’ (on-the-spot assessment of crops) is being expedited and mobile photographs have been permitted.
1.5 million more people may die in India by 2100 due to extreme heat by climate change: Study
“Six states of Uttar Pradesh, Bihar, Rajasthan, Andhra Pradesh, Madhya Pradesh and Maharashtra are estimated to contribute 64% of the total excess deaths — more than 1.5 million deaths each year in all — due to temperature rises caused by climate change,” the study said.
Orange alert in 4 districts in Kerala
Rising sea level puts Mumbai at risk of being submerged by 2050: Study
India and other Asian countries, including Bangladesh and Indonesia, may see a five to tenfold increase in the population living below the projected high tide line by the end of the century, added the study published in the journal Nature Communications,
Cyclone Kyarr likely to turn ‘extremely severe’ in next 24 hours, warns IMD
According to weather forecasting agency, “Under the influence of the above systems, isolated places over Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura is likely to receive heavy to very heavy rainfall and heavy rainfall over southwest Peninsular India during next 24 hours decreasing thereafter.”
Japan government will consider extra budget for typhoon relief
At least 58 were killed in the typhoon, with 15 missing and some 211 injured nearly three days after the storm lashed much of central and eastern Japan with high winds and intense rains, public broadcaster NHK said.
Typhoon Hagibis: Biggest Japan storm in decades makes landfall
Prime Minister Shinzo Abe’s Cabinet hosted a disaster management meeting Friday. He said 17,000 police and military forces were ready to be deployed to ensure the safety of citizens. “The typhoon could cause power outages, damage to infrastructure and significantly affect people’s lives,” Abe said.
Late Indian season monsoon floods cause $10 bn in economic losses:Aon
However, given the low levels of residents and commercial assets with insurance policies in the region, only a small fraction of this total will be covered by insurance payouts, said Aon’s weekly Cat Report.
Las Vegas massacre survivors, families reach $735 million settlement with MGM
The total settlement amount might rise to $800 million, depending on how many claimants choose to participate, according to the law firm Eglet Adams.