Several parts of the country have logged all-time high temperatures...
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Heat wave scorches India’s wheat crop, snags export plans
The heat in March — the hottest in India since records first...
As India swelters under extreme heat, Modi warns of fire risk
Prime Minister Narendra Modi "We are seeing increasing incidents of...
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).
Insured losses from California Wildfire Between $6 bn and $9 bn: AIR Worldwide
The fact that damage from fire, including wildfire, is included in standard homeowners’ policies in California informs the assumption of nearly 100% take-up rates. The range of loss estimates is based on the modeled loss within the burn scar and reflects uncertainty in the payment of additional living expenses resulting from mandatory evacuations, loss of some individual structures outside of the most affected neighborhoods, extra expense and ordinance losses, as well as loss due to smoke, loss of electricity, and damage from suppression efforts.
California takes over insurance company unable to pay claims after wildfire
Moody’s last week estimated total insured losses at $10-$15 billion from the Camp Fire and the Woolsey fire, which was burning at the same time in the foothills above Malibu in southern California.