Prime Minister Narendra Modi and Sitiveni Rabuka,Prime Minister,...
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Disaster & Management
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Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric...
J-K: Five killed, 14 injured as landslide hits Mata Vaishno Devi route
The hill state of Himachal Pradesh, already reeling under the...
Many extreme events of 2023 in line with predictions of warmer world study finds
"Many of 2023's events are consistent with projected future changes in a warmer world, showing the challenges that are to come, while some were a surprise, suggesting there is still more to learn about what's potentially around the corner," Wenxia Zhang from the...
El Niño to trigger drought insurance payouts in four southern African states
El Nino, which brings dry and hot weather to Southern Africa, has decimated harvests of corn across the region. Zimbabwe is expected to harvest about 60% less of the regional staple this year than it did in 2023 and together with Malawi and Zambia has declared a...
Dubai faces heavy disruption as flooding worsens
The heavy rains across the desert nation came after cloud seeding. The UAE has been carrying out seeding operations since 2002 to address water security issues, but the lack of drainage in many areas can trigger flooding, including in cities such as Dubai that’s a...
Cargo owners may bear portion of damages from Baltimore Bridge disaster
General average is a maritime legal concept usually written into bills of lading or other contracts signed among parties to shipping transactions. It revolves around the principle of shared sacrifice and dates back to ancient times, before insurance, when ships often...
Clean up begins after at least one dead in heavy UAE rain, floods
Climate scientists say that rising global temperatures, driven by man-made climate change, is leading to more extreme weather events, including intense rainfall like the UAE storm DUBAI: - Authorities and communities across the United Arab Emirates were clearing...
Europe’s wildfires in 2023 were among the worst this century, report says
Preliminary data for the first three months of 2024 show almost double the average number of fires, although these did not have major impact in terms of burnt areas According to the report, the wildfires produced some 20 megatonnes of CO2 emissions, equivalent to...
Takeaways from the Swiss women’s climate victory
This is the first time a regional human rights court has ruled that countries can violate human rights by failing to reduce their climate-warming emissions fast enough.The Court said it interpreted the European Convention on Human Rights language on a right to private...
IDF announces plans to facilitate investments in resilient infrastructure in emerging markets
Philipp Hildebrand, Vice Chairman of BlackRock, said,``“BlackRock is delighted to partner with a group of our most strategic insurance investors to help advance their objective of building greater resilience against climate change and other natural disasters in...
Swiss women win landmark climate victory at human rights court
The Swiss government had violated the human right to a private and family life, by failing to put in place sufficient domestic policies to tackle climate change.This included a failure to quantify, through a carbon budget or otherwise, national greenhouse gas...
Climate change poses challenges for monetary policy, says RBI report
Climate change directly impacts inflation through adverse weather events affecting agricultural production and global supply chains, climate change could impact the natural rate of interest, and the after-effects of climate change might weaken the transmission of...