Almost half of the credit of scheduled commercial banks is...
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Delta Air Lines offer $30,000 to each passenger for Toronto disaster
Carriers in the past have made similar payments, such as $5,000 to...
India sixth-most severely-affected country by extreme weather from 1993 to 2022: Report
India experienced more than 400 extreme weather events in the three...
Raging Yamuna swells to record level in Delhi
New Delhi: The Yamuna in Delhi swelled to 207.55 metres on Wednesday, breaching its all-time record of 207.49 metres set in 1978, government agencies said on Wednesday. According to the Central Water Commission's (CWC) flood-monitoring portal, the water level at the...
Rain-battered north India counts its losses, rescue efforts gather pace
Northwest India saw incessant rainfall during the last three days, with many areas in Jammu and Kashmir, Uttarakhand, Himachal Pradesh, Haryana, Uttar Pradesh and Rajasthan recording ''heavy to extremely heavy'' precipitation Himachal Pradesh's initial estimate of...
Rain fury: Situation grim in Punjab’s Patiala, Rajpura thermal power plant shut down
Floodwaters entered the premises of the Rajpura Thermal Power Plant here, leading to the shutdown of one of its 700 MW units, they said Patiala: Punjab's Patiala district was reeling under a flood-like situation following heavy monsoon rainfall, with authorities...
China’s extreme weather conditions may lead to food security crisis: Report
As per this report, while the country's North may face a heightened risk of water-related disasters, the South is likely to face drought. On the other hand, eastern China which is known as a key engine of economic growth, is likely to experience typhoon-triggered...
Odisha train accident: Inquiry finds multi-level lapses, says reporting past red flags could have averted tragedy
The accident on June 2 resulted in the deaths of 292 people and over 1000 were injured The CRS report has also said that the initial response to such a disaster should be faster an advised the Railways to review the system of disaster-response in the zonal railways...
Future of Forests: France’s wildfires ignite debate on cutting planet-heating emissions
Globally, rising temperatures and land-use change are projected to result in a 50% rise in the number of catastrophic wildfires by 2100, according to the U.N. Environment Programme - and governments around the world are grappling with how best to protect their forests...
APAC sees economic loss of $ 80 billion and $11 billion insured claims out of catastrophes and natural disasters in 2022
George Attard, chief executive officer, Reinsurance Solutions, Asia Pacific at Aon said, "The extreme weather in the region throughout the year highlights the continuing need to strengthen resilience by adopting effective adaptation and risk management strategies....
Global protection gap reaches a new high of $1.8 trillion in 2022
`We see the world economy today as in need of a sustained reload in resilience. The value of unprotected risk exposure globally has risen steadily in the past five years. We estimate about 43% of risk globally was unprotected by assets or insurance in 2022, improved...
Hurricane Outlook: 2023 to consist of 12 to 17 named storms, 5 to 9 hurricanes and 1 to 4 major hurricanes
“The upcoming Atlantic hurricane season is expected to be less active than recent years, due to competing factors—some that suppress storm development and some that fuel it—driving this year’s overall forecast for a near-normal season,” NOAA reported Despite the fact...
Assam floods: Nearly 4.96 lakh people affected in 22 districts
In the last 24 hours, the flood waters breached 10 embankments and damaged 3 other embankments, 92 roads, 3 bridges, several Anganwadi centres, irrigation canals, and culverts The ASDMA flood report also stated that 3,46,639 domestic animals have also affected due to...