Wildfire exposures can be mitigated by relatively simple and...
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LA wildfire losses can touch $164 billion, report says
Insured losses are estimated at $75 billion.The disaster will...
Europe’s insurers may face new capital rules for climate risk
The goal is “to ensure the continued protection of policyholders...
Debt crises in Global South debilitating fight against climate change: Report
Hurricane Maria that hit the Carribean island of Dominica in 2017 caused damage equivalent to 226 per cent of its gross domestic product (GDP).Floods in Pakistan in 2022 and cyclone Pam in Vanuatu in 2015 caused damages worth 9 per cent and 64 per cent of their...
World Bank wants catastrophe insurance in new loans for disaster hit countries: Report
Ajay Banga,President,World Bank World Bank President Ajay Banga will unveil measures, including the pause on repayments and embedding catastrophe insurance into new loans in a speech in Paris on Thursday, the newspaper reported French President Emmanuel Macron is...
Flood situation worsens in Assam, over 34,000 hit
At present, 523 villages are under water and 5,842.78 hectare of crop area has been damaged across Assam, ASDMA said Guwahati: The flood condition in Assam deteriorated marginally on Tuesday, with nearly 34,000 people reeling under the impact of the deluge across nine...
Climate-attributed U.S. Hurricane losses to increase by at aeast 10% over 20 yrs under selected scenarios: Aon
Aon plc has revealed how its academic collaborations are progressing climate science, enhancing catastrophe model development and helping organizations to fulfill Environmental, Social and Governance (ESG) mandates The 14 global academic collaborations are bringing...
Cyclone Biparjoy: Flood-like situation in 3 Rajasthan districts, 59 people rescued
Police said four people, including a woman, were killed in two separate rain-related incidents in Barmer and Rajsamand districts. Jaipur: Fifty-nine people were rescued on Sunday from Rajasthan’s Jalore, Sirohi and Barmer districts which are facing a flood-like...
LIC announces relaxations for victims of Cyclone Biparjoy
LIC in a statement said it is reaching out to the affected people to provide assistance although the loss of lives has been minimal. LIC has also created a portal link for the online submission of claims arising due to Biparjoy Cyclone New Delhi: Following insurance...
Ensure availability of critical health services in flood-affected Assam: Mandaviya to officials
Union Health Minister Mansukh Mandaviya directed them to prepare an online database listing all the important information such as availability of beds, oxygen and other health facilities to ensure efficient management of any health emergency New Delhi/Guwahati: Union...
Cyclone Biparjoy: No lives lost after landfall, says NDRF
"Twenty-four animals have died and 23 people have been injured. Electricity supply has been interrupted in about a thousand villages. 800 trees have fallen. It is not raining heavily anywhere except Rajkot," the NDRF DG Karwal said. NEW DELHI: National Disaster...
IRDAI asks insurers to put up special measures for any cyclone Biparjoy claims
It needs to be ensured that all claims are surveyed immediately and claim payments/ on account payments are disbursed at the earliest and in any case not exceeding the stipulated timeline Hyderabad: Insurance regulator IRDAI has asked the chiefs of all general...
Phailin to Amphan A look at deadliest cyclones that hit India in last 10 years
India, with a total coastal area of 7,516 km, is exposed to around 8 per cent of the world's tropical cyclones. Nearly 32 crore people in 9 coastal states -- Tamil Nadu, Andhra Pradesh, Odisha and West Bengal on the east coast and Kerala, Karnataka, Maharashtra, Goa...