The civic body had held meetings with officials handling major...
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‘NDRF is in constant touch with all state govts to deal with flood situation’
A large area in India is prone to floods in which the Ganga and the...
US P/C insurer capital sufficient to withstand Hurricane Season
Capital strength provides insurers with an ability to withstand...
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.
An India-Pakistan nuclear war could kill millions, threaten global starvation
The researchers calculated that an India-Pakistan war could inject as much as 80 billion pounds of thick, black smoke into Earth’s atmosphere. That smoke would block sunlight from reaching the ground, driving temperatures around the world down by an average of between 3.5-9 degrees Fahrenheit for several years. Worldwide food shortages would likely come soon after.
Water crises ranked as the topmost risk in India:WEF
Fifteen of the world’s 20 most polluted cities are in India (where the issue ranked second), and Dhaka, Bangladesh (where it ranked eight),is also on the list. Pollution poses health and economic risks to these countries: Each year, Bangladesh loses approximately $6.5 billion and India $5 billion due to pollution and environmental degradation.
Bihar: 19 NDRF teams deployed in flood-affected areas
As many as 19 people have lost their lives in rain-related incidents in Bihar’s capital, while 14 people have died across Uttar Pradesh owing to the rainfall and flood-like situation in the region.
Parametric catastrophe facility CCRIF pays $12.8 mln to Bahamas for Dorian damages
Since its inception in 2007, CCRIF has made 40 payouts totaling about US$152 million to 13 of its 21 member governments
Insurers to offer up to $5B in capacity to hike developing nations’ Climate Resilience
As part of the program, as much as $5 billion in insurance capacity will be offered to 20 developing countries that are vulnerable to shifts in the climate and willing to work with the groups to increase their resilience, according to a statement Sunday from the Insurance Development Forum, the UN Development Program, the German Federal Ministry for Economic Cooperation and Development and the U.K. Department for International Development.
India to offer Pacific island nations $150 mn credit line for climate issues
In addition, a concessional Line of Credit of $150 million which can be availed by the PSIDS for undertaking solar, renewable energy and climate related projects based on each country’s requirement was announced,, .
Insured losses for Typhoon Faxai estimated at $3B-$7B: AIR Worldwide
According to AIR, Typhoon Faxai surpassed Typhoon Higos for the strongest sustained wind speed at landfall in the region and tied with 1958’s Typhoon Helen for the lowest recorded central pressure. Faxai was comparable in strength to Typhoon Jebi, which devastated the southern Shikoku Island in 2018
Climate change tops list of world’s ‘extreme risks’
Tim Hodgson, Head of the Thinking Ahead Group, said: “Our extreme risks ranking has seen the emergence of a general trend with financial risks falling down the rankings and non-financial extreme risks growing in significance. Global temperature change becomes the highest ranked risk due to our assessment of higher likelihood coupled with significant impact – in the extreme this would mean mass extinction.