While the monsoon is crucial for refilling these rivers, the danger...
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IMD DG Mohapatra receives UN’s Sasakawa Award-2025 for Disaster Risk Reduction
Mrutyunjay Mohapatra, director general of Meteorology, India...
Strengthening early warning systems and coordination crucial for disaster resilience: PM Modi
Narendra Modi, Prime Minister Prime Minister Modi underscored that...
Global insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re
Jérôme Jean Haegeli,Chief Economist, Swiss Re A high number of low-to-medium-severity events will aggregate to insured losses of more than USD 100 billion in 2023 Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says: "The cumulative effect of frequent, low-loss...
Oneglobal and Floodbase partner to develop parametric flood insurance programs across Asia
Connected through Lloyd's Lab, the two organizations recognized a massive opportunity to marry Floodbase's unmatched historical and near real-time flood data with Oneglobal's re/insurance expertise, leading market presence, and reputation for innovation BROOKLYN, N.Y:...
‘ Tamil Nadu has received historic rainfall but damage less than previous times” says CM Stalin on effect of Cylone Michaung
Chennai Airport has resumed operations after being temporarily shut down due to heavy rains that caused flooding and waterlogging on the runways, said an airport official Chennai: Amid destructions caused by Severe Cyclonic storm 'Michaung' in the state, Tamil Nadu CM...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management, with Hong Kong, New Delhi, Shanghai, Singapore and Tokyo scoring high for culture of readiness Bangkok, Dhaka and Jakarta are poorly equipped to respond to flood, while New Delhi and Dubai are...
Chennai grapples with torrential rain as memories of 2015 floods return
Transportation services took a severe blow, with numerous trains and flights canceled. Waterlogged roads presented challenges for the scarce number of road users. Operations at the Chennai airport were halted from 9:40 am to 11 pm, with about 70 flights canceled due...
Strong quake in Philippines triggers tsunami warnings and evacuations
The U.S. Tsunami Warning System, which initially warned of waves of up to 3 metres (10 feet) above the usual high tide level, later said there was no longer a tsunami threat The Philippine Institute of Volcanology and Seismology, Phivolcs, maintained that the risk of...
Kenya could lose up to 7.25% of GDP to climate change, World Bank says
Kenya could lose up to 7.25% of economic output by 2050 if it does not take strong action to adapt to climate change and mitigate its effects, the World Bank said on Friday. Like other so-called frontier economies, the East African nation has been suffering from the...
Centre approves Rs1658 cr recovery and reconstruction plans for Joshimath
Joshimath was hit by landslide and ground subsidence and the central government has extended all necessary technical and logistical support to the state The recovery plan for Joshimath would be implemented in three years, following the best practices, Build Back...
Economic models buckle under strain of climate reality
"But climate change is fundamentally different to other shocks because once it has hit, it doesn't go away," said Thierry Philipponnat, author of a report by Finance Watch, a Brussels-based public interest NGO on financial issues Record temperatures, droughts, floods...
Climate vulnerable nations could get insured for $10 mln a year each -research
With rich nations under pressure to fill the pot, researchers from the University of Cambridge's Institute for Sustainability Leadership said they had reached a "breakthrough" in understanding how to use this money to protect countries from the spiralling cost of...