“If the forecast materialises, tropical cyclone Asani will become...
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Covid deaths worldwide 18 million, three times official tally: Lancet Study
Because of its large population, India alone accounted for an...
US says $ 100 billion soon to help poor nations with climate
U.S. climate envoy John Kerry Kerry said to fund the economic...
Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 – Aon report
Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record. This means the protection gap, which is the portion of economic losses not covered by insurance, was 60 percent and at its lowest level since 2005.
Pandemics may cause $570 bn annual loss to global economy, says WEF report
“Outbreaks are a top global economic risk and – like the case for climate change – large companies can no longer afford to stay on the sidelines,” said Vanessa Candeias, Head of the System Initiative on Shaping the Future of Health and Healthcare and Member of Executive Committee at the WEF.
IMD working to give forecast on thunderstorms 6-12 hours in advance
M Rajeevan from the Ministry of Earth Sciences said this year the IMD plans to have Standard Operating Procedures (SOPs) in place for dealing with thunderstorms instances and it will be working more closely with the National Diaster Management Authority (NMDA). Sending early warnings to states will give them more time to respond, he said, adding the system should be in place by April.
Global natural disasters wreak $160 bn damage in 2018; worst losses in US
As with the previousc year the United States suffered the heaviest losses from disasters globally, with its second record wildfire season in a row. But it was given some respite from damaging storms, with the hurricanes hitting the country in 2018 inflicting far less destruction than in 2017
Los Angeles releases Earthquake Warning App
Based on a warning system developed by the U.S. Geological Survey, the app will alert when there’s a quake of magnitude 5.0 or greater in the state.
GST panel for Kerala levying 1% cess for 2 yrs to fund flood rehabilitation
The GST law provides for levy of special taxes for a specified period to raise additional resources during any natural calamity or disaster.
Storm Pabuk kills 3, forces over 34,000 to evacuate in Thailand
It is feared to devastate Thailand’s famous tourist destinations on the shores of the Andaman Sea such as Phuket, Phang Nga, Krabi and Ranong provinces
Indonesian tsunami insurance claims may reach $1.09 bn
According to insurance companies PT Maskapai Reasuransi Indonesia (REI) and PT Asuransi Maipark Indonesia, there were at least 191 insurance risks from the disaster, which killed at least 430 people and devastated thousands of homes, buildings and infrastructure.
Volcano-triggered tsunami kills 429, thousands homeless Indonesia
Authorities say the tsunami may have been triggered by an abnormal tidal surge due to a new moon and an underwater landslide following the eruption of Anak Krakatoa, which forms a small island in the Sunda Strait between Java and Sumatra.”The combination caused a sudden tsunami that hit the coast,” Nugroho said, but added that Indonesia’s geological agency was working to ascertain exactly how it happened.
Global insured losses of $79 billion in 2018, 4th highest
Total economic losses from natural catastrophes and man-made disasters are estimated to be USD 155 billion in 2018. Natural catastrophes caused USD 146 billion of the losses, and man-made disasters USD 9 billion. Of the total economic losses, USD 79 billion have been covered by insurance, down from USD 150 billion in 2017, but more than the previous 10-year annual average (USD 71 billion).