The highest damage has been reported to infrastructure under the...
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Ahmedabad Air India crash: Analysis of data from black boxes underway, says govt
"The team, constituted as per international protocol, is led by DG...
Himachal flash floods: Search operation to find missing people intensified
In Kangra district, around 15-20 workers stationed at a labour...
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,...
Weather tool used in India could help better predict floods in Sri Lanka: Study
Understanding the link between weather patterns and extreme rainfall is really important for helping Sri Lankan communities prepare and respond to deadly natural disasters and could ultimately save lives, the researchers said New Delhi: Applying weather forecasting...
Houses in Shimla at risk of sinking due to incessant rain
Continuous rains over the past few days have led to the sinking of land in a few villages in six panchayats with several families evacuated to safer places, Deputy Commissioner Shimla Aditya Negi told PTI. ''We will ask geological experts to conduct a survey to find...
India has adequate and sufficient insurance coverage for nuclear incidents
Jitendra Singh,Union Minister of State (Independent Charge) Science & Technology The minister informed that without any insurance or financial securities, the nuclear operator cannot operate the nuclear facilities, and the operator is also mandated to renew the...
Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023
Thomas Blunck, member of the Board of Management In the Asia-Pacific region, natural disasters resulted in overall losses of approximately US$ 7bn, of which roughly US$ 3bn was insured Earthquake in Turkey and Syria was by far the most devastating natural disaster in...
Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia
Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re, commented: “It is expected that providing wider insights into risk analysis and decision making against recent changes in natural catastrophe will be available by working with Moody's RMS models.” LONDON:...
Asia-Pacific needs disaster warning systems to counter rising climate change risks, UN report
Countries lacking adequate early warning coverage have a disaster mortality rate that is eight times higher than countries that do have such systems in place, the U.N. estimates. And without such precautions, regional annual losses from disasters are projected to...
India has mechanism for financing disaster response, mitigation,preparedness and recovery: PK Mishra
''Over the last few years in India, we have completely transformed the way disaster risk reduction is financed.We now have a predictable mechanism for financing not just disaster response but also disaster mitigation, preparedness and recovery. Can we have analogous...
Only 27% of $194 bln economic losses from global natural disasters insured in 1H2023: Aon
Turkey and Syria earthquakes drive nearly half of economic losses from Global Catastrophes in 1H 2023 "Despite the reality that communities globally remain at risk to catastrophes, only about 27 percent of economic losses this year have been insured. These devastating...
Swiss Re structures Blackstone’s first indemnity catastrophe bond
The transaction is Blackstone's first indemnity catastrophe bond and covers named storms and earthquakes in the United States and Canada New York: Swiss Re Capital Markets has successfully structured and placed the issuance of USD 250 million of insurance-linked...