Rescuers work at the site of a collapsed building after the tremors...
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Insurers increasingly tap AI to tackle surging Cat losses
Risk experts are increasingly using AI to crack an especially...
Disaster is directly linked to climate change: Amit Shah
This Bill does not infringe on the federal structure. The primary...
Montana judge hands historic win to young plaintiffs in climate change case
The decision by Judge Kathy Seeley in Helena marked a major victory in the first youth-led climate case to reach trial in the U.S. and could set an important precedent for similar cases nationwide Montana is violating the rights of young people with policies that...
Over 50 killed in Indian Himalayas as rain triggers landslides
"Again, tragedy has befallen Himachal Pradesh, with continuous rainfall over the past 48 hours.More than 50 people had died in rain-related incidents within 24 hours," the state's chief minister, Sukhvinder Singh Sukhu, said Torrential rain in India's Himalayas...
No compensation paid from Environment Relief Fund since 2019: Govt
Instituted under the Public Liability Act, 1991 (PLIA) in the wake of the Bhopal Gas Tragedy, the Environment Relief Fund's (ERF) primary purpose is to offer immediate relief to victims of accidents involving hazardous substances. The PLIA mandates industries handling...
Apple’s Emergency SOS via satellite saves family caught in wildfires
Firefighters were able to reach the family and safely evacuate them within 30 minutes because of the Emergency SOS via Satellite feature Last month, the Emergency SOS via satellite feature on the iPhone helped to save two tourists who got lost in the mountains of...
RBI holds rates steady but eyes food price spike; signals tighter policy
Shaktikanta Das,Governor,Reserve Bank of India "Liquidity plays a major role with regards to inflation – both in pushing up inflation and controlling inflation," RBI Governor Shaktikanta Das said, explaining the decision."While inflation has moderated, the job is...
US business owners seek increased insurance protection amid mounting risks – study
“The devastation caused by natural disasters has heightened urgency for adequate protection,” CEO Patrick Gallagher told Reuters, adding that there is ongoing demand for insurance coverage to secure properties, homes and businesses from potential damages and losses...
90 pc reduction in train accidents in India in 22 years Arjun Munda
"Analyzing the trends over the past 20 years reveals a sharp drop in train accidents, plummeting from 473 during the fiscal year 2000-01 to merely 48 in the fiscal year 2022-23," Union Minister Arjun Munda said New Delhi: Union Minister Arjun Munda on Wednesday said...
Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re
Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...
Shah suggests Odisha to train people to handle chemical, nuclear disasters
Union Home Minister Amit Shah stressed on the adoption of standard operating procedures, appropriate preparedness and mitigation efforts by the state administration to save lives from incidents of lightning, heat waves and forest fires Bhubaneswar: Appreciating Odisha...
Europeans lack insurance protection as wildfires and drought batter the region
When it comes to disaster response, the ECB sees insurers as the first line of financial defense, backed up by reinsurers and the financial markets with instruments like catastrophe bonds. The global market for catastrophe bonds, which give insurers a payout when a...