The initial 7.7-magnitude quake struck near the central Myanmar...
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Japan issues mid-level volcano warning
"Volcano warning issued for Kirishimayama (Shinmoedake) (near...
Myanmar quake death toll passes 1,600, as junta lets in foreign rescuers
Friday's 7.7 magnitude quake, among the biggest to jolt the...
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...
Beijing records heaviest rainfall in at least 140 years, causing severe flooding and 21 deaths
The severity of the flooding took the Chinese capital by surprise. Beijing usually has dry summers but had a stretch of record-breaking heat this year China`s capital has recorded its heaviest rainfall in at least 140 years over the past few days. The city recorded...
Cyclone Biparjoy costs Gujarat economic loss of Rs 1212.50 cr
As per the memorandum received from the state government of Gujarat, a 1.33 lakh hectare area is reported to have been affected due to the cyclone 'Biparjoy', and it has projected a total economic loss of Rs 1212.50 crores in agriculture and horticulture crops in the...
Extreme heat rendering parts of the world too hot to insure
Rising temperatures are disrupting economic activity and daily life across the globe, sapping crops, drying rivers and raising sea levels. Scientists suspect the last several years have been warmer than any point in over 125,000 years Soaring global temperatures may...
Over 17,000 people died in floods and heavy rains between 2012-2021: Govt
Responding to a question in the Rajya Sabha, Minister of State for Jal Shakti Bishweswar Tudu said the increased incidence of high intensity rainfall of short duration is mainly responsible for urban floods, which is further compounded by unplanned growth,...