According to the report, Assam saw 2.5 million internal...
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A massive explosion at Iran’s largest port linked to missile fuel shipment kills 18, injures some 800
On Saturday night, the state-run IRNA news agency said that the...
Centre and NDMA abdicated responsibility on loan waiver for Wayanad disaster victims, says Kerala HC
"We direct the Union government/NDMA to deliberate on whether the...
Wildfires cost Europe €4.1 billion as temperatures hit
The extreme weather – an increasingly frequent occurrence in our warming climate – is having a major impact on human health, ecosystems, economies, agriculture, energy and water supplies,” according to Petteri Taalas, the secretary general of the World Meteorological...
Drought-like situation, power crisis in Madhya Pradesh: CM Chouhan
“The month of August has almost been dry, so a drought situation is arising in Madhya Pradesh now. Crops are in danger''Chief Minister Shivraj Singh Chouhan The Cabinet sub-committee on drought in Karnataka led by Revenue Minister Krishna Byre Gowda on Monday...
Rajasthan govt committed to ensuring minimum loss, maximum relief for people during disasters: Gehlot
Department of Agriculture and Horticulture Secretary Prithviraj said that insurance claims worth around Rs 3,000 crore have been distributed to 31.54 lakh policyholders in 2022-23 under the crop insurance scheme. The remaining amount of about Rs 700 crore will be paid...
African children bearing the brunt of climate change impacts
Children in 48 out of 49 African countries assessed were found to be at high or extremely high risk of the impacts of climate change, based on their exposure and vulnerability to cyclones, heatwaves and other climate and environmental shocks, and access to essential...
Hong Kong to be hit super typhoon Saola, biggest typhoon in 3 yrs
“This can be a very destructive typhoon,” the chief secretary said Thursday, flanked by heads of various government departments. “We hope to minimize the damage.” Hong Kong was starting to feel the impact of Super Typhoon Saola as winds reached hurricane force and...
Munich Re launches parametric driven NatCatcover for small borrowers in India
``We worked with the insurers and launched product that pays if the event happens and the trigger is met. This expedites the payout and the small borrowers receives money in real time of need. This addresses the bottom most section of the Pyramid,’’ said Hitesh Kotak,...
Global reinsurers pull back from natural catastrophe cover, says Fitch
Natural catastrophe business has become largely loss-making in recent years as prices have failed to keep pace with increasingly frequent, severe and volatile weather-related losses due to climate change. This has reduced reinsurers’ appetite to provide natural...
Climate change fingerprints all over monsoon this year, say experts
''The message is clear: the monsoon is becoming more variable. Increased variability means more extreme weather and dry spells. What we're witnessing now aligns with the studies on the impact of climate change on the Indian monsoon,'' Madhavan Rajeevan, said former...
Moody’s RMS estimates $4 to 6 billion in economic losses from Hawaii Wildfires
Michael Young, Vice President, Product Management, Moody’s RMS, noted: “When the rare situation of high wind and wildfire ignitions do occur again in the future, we need to be sure all the buildings comply with scientifically proven risk reduction features highlighted...
Insured losses from natural catastrophes set to top $100 billion in 2023
More than two-thirds of the insured losses were as a result of severe thunderstorms in the US. The 12-figure threshold is likely to be passed even though just $5 billion of the $40 billion in damages caused by the year’s most devastating event — the earthquake that...