Wildfire risk is now the fastest-growing category of...
Category:
Disaster & Management
Latest
Climate change made ‘fire-prone’ weather conditions more likely in Spain and France, scientists say
“We’ve seen repeatedly how climate change increases hot, dry,...
Japan earthquake halts auto and chip plants, testing supply chain resilience
Given Japan’s proneness to natural disasters, manufacturers have...
Hedge funds tap growing market for disaster risk
Now, some of the world’s biggest hedge funds and banks want to incorporate the expertise of catastrophe-risk professionals across a broader chunk of the finance sector, as the skills required to model natural disasters become increasingly relevant for asset values in...
A 7.8 magnitude quake in the Philippines kills at least 19, fells buildings and sets off a tsunami
It was the strongest quake to strike the Philippines this year, and was was centered at sea off Mindanao, the second most populous island in the Philippines. According to Bacolcol, the quake occurred at a depth of 33 kilometers (20 miles), about 32 kilometers (20...
Global natural disaster protection gap surpasses $420 billion:Swiss Re
The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years, as a combination of climate change, urbanization and inflation mean disasters are getting more costly when they hit. In North America, the gap between insured and...
Willis and Global Parametrics deliver first payout to coffee farmers in Vietnam hit by heavy rainfall
In late 2025, Willis placed the high rainfall parametric solution with Bao Minh Insurance Corporation in Vietnam, protecting coffee farmers’ revenue against a loss of yield due to excessive rainfall during the ‘golden’ harvesting period. The solution uses satellite...
World Bank launches $200 million Jamaica Cat Bond
For cat bond investors, “current signals point to lower activity and losses in the Gulf, but relatively higher risk in the South- and Northeast, especially for stronger events,” Schroders said in a recent note. “This creates scope for portfolio repositioning ahead of...
Governments lead Asia’s $100 billion climate resilience push
Climate adaptation is slowly being seen as a potential target area for private investors rather than simply a government responsibility, particularly with expectations that projects and services aimed at bolstering resilience will post strong growth in coming decades....
Climate Adaptation & Resilience in Asia: Pricing Risk,Financing Solutions
By 2030, Asia will account for around 75% of the global climate adaptation and resilience(CA&R) financing gap, and Asian companies are projected to bear around US$336 billion in annual climate costs. The Centre for Impact Investing and Practices (CIIP), in...
Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub
Rafal Modrzewski, CEO and co-founder of ICEYE The company's satellite constellations currently serve sectors ranging from defence and intelligence to insurance and emergency management. Demand for ICEYE's technology has surged amid rising global geopolitical tensions,...
89 killed as storm, rain batter UP
Chief Minister Yogi Adityanath took cognisance of the loss of lives and damage caused by unseasonal rain, thunderstorms and lightning on Wednesday and directed officials to ensure relief reaches the affected families within 24 hours. LUCKNOW:At least 89 people were...
AI-enabled systems introduced by IMD to provide hyper-local weather forecasts: Jitendra Singh
Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences,said India has witnessed nearly 40 per cent improvement in forecast accuracy for severe weather events during the recent decade compared to the previous decade....