Unless action is taken soon, some major cities will be under water,...
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Disaster & Management
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World Bank approves $250m to help Bangladesh enhance resilience to future shocks
This financing will help Bangladesh harness digital technology to...
India briefs Climate Advisory Group about Infrastructure for Resilient Island States
India's Permanent Representative to the United Nations, TS...
Cyclone Fani caused loss of over Rs 9,000 crore to Odisha
“The state government is seeking an assistance of Rs 5,227.68 crore from the National Disaster Response Fund (NDRF) in order to meet the expenditure on the ongoing relief and restoration measure,”
U.S. impacted by most May tornadoes since 2015, storms and floods leave costly financial toll
Preliminary local storm report (LSR) data from NOAA indicates that there were nearly 4,400 individual reports of tornadoes, hail, and straight-line winds – the most in May since 2011 in the USA
SCOR raises $ 250 mn of Cat Bond
The capital shield policy is a strategic axis for SCOR. The Group has regularly used capital market solutions for this purpose, having completed 16 transactions since 1999, including cat bonds, sidecars, mortality bonds and innovative contingent capital protections.
Khuntia Panel focuses on insurance penetration and natural disaster for action plans
The panel has asked Chandrasekaran, and Joydeep Roy of PwC to prepare a detailed report on what need to be done on issues like insurance penetration and natural disasters.
As many as 8 Hurricanes Forecast for ‘Near Normal’ 2019 Hurricane Season
The hurricane season will be closely watched because of its potential to take a heavy human toll as well as rattle oil and gas markets across the globe. Over the past two years, storms including Michael, Irma and Harvey led to scores of deaths and over $250 billion in damages. They have also sent U.S. gasoline prices surging, shifted global crude and fuel flows, disrupted production in the energy-rich Gulf Coast and threatened crops.
26 Maharashtra reservoirs hit ‘zero water’ storage level as on May 18
the Water Conservation department of the state government in its website informed that water storage in Aurangabad Division, which comprises Aurangabad, Beed, Hingoli, Parbhani and Osmanabad districts, was 0.43 per cent as against 23.44 per cent at the same time last year
How Homes are being built, raised to withstand Extreme Weather
“The frequency and severity of the storms are increasing,” said Belcher, who builds houses designed to withstand 140 mile-an-hour winds. “Whether people credit it to climate change or think it’s cyclical, it doesn’t matter if your house is destroyed. Either way, resiliency applies.”
Cyclone Fani Death toll mounts to 43 people stage blockade
While the state government claimed to have restored power and drinking water supplies in urban pockets of Kendrapara, Jagatsinghpur and Cuttack districts, people Saturday blocked roads connecting Paradip and Cuttack, and the national highway linking Bhubaneswar with Puri, alleging lack of basic amenities.Similar agitations were seen in parts of the state capital where power continued to remain elusive for the eighth consecutive day.
Project Owl Wi-Fi Network for Natural Disaster Connections Wins IBM-Backed Contest
They have designed tiny electronic nodes inside baseball-sized rubber casings that create a special Wi-Fi network spanning more than 100 square miles that can be used to connect victims and first responders. It’s a simple and relatively cheap concept, but during a natural disaster when cell towers topple, technology fails and entire communities fall into darkness – communication can be the difference between life and death.
SCOR to implement an alternative natural catastrophe reinsurance scheme in France
Paris: SCOR notes the decision of the General Court of the European Union, which confirms the decision of September 26, 2016, by the European Commission concerning the guarantee granted by the French State to the CCR regarding natural catastrophe...