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2 dead and 19 injured in Southern California plane crash
The people who died were believed to have been on the plane, while...
Wayanad landslide declared as ‘disaster of severe nature’
``Keeping in view the intensity and magnitude of the Meppadi...
Yellen warns climate change could trigger asset value losses, harming US economy
"As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system. And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as...
PM Modi chairs high-level meet to review preparedness for hot weather conditions this summer
PM was also briefed about disasters related to heat, mitigation measures and preparedness of medical infrastructure, the PMO said New Delhi: Prime Minister Narendra Modi Monday chaired a high-level meeting to review preparedness for the hot weather conditions during...
India’s sinking holy town faces a grim future
Joshimath’s future is at risk, experts and activists say, due in part to a push backed by the prime minister’s political party to grow religious tourism in Uttarakhand, the holy town’s home state. On top of climate change, extensive new construction to accommodate...
Expected rise in strikes, riots and protests to test business resilience: Allianz
The heightened SRCC risk environment means businesses need to remain vigilant about the different threats such activity can pose. In addition to buildings or assets suffering costly material damage, operations can be severely disrupted, resulting in significant loss...
Earthquake in India’s Himalayas to be felt in Sri Lanka
If India experiences a quake of magnitude 8, it would be felt in Colombo and Jaffna, Athula Senaratne, a local university professor, told reporters Sri Lanka's capital Colombo and the northern capital of Jaffna are likely to feel the effect of any powerful earthquake...
New Zealand needs to rebuild for weather resilience, PM says
Prime Minister Chris Hipkins said there had been a nine-fold increase in government spending in the 2021-22 fiscal year on helping farmers cope with floods, storms and drought. The number of weather events that require emergency road work more than doubled from an...
Chile readies major earthquake insurance with World Bank
“The insurance would allow Chile to receive pre-established compensation payments, in the event of certain high intensity parameterized seismic events that cause material damage to the country and public finances,” the ministry said in a statement Chile is finalizing...
Turkey Earthquakes: Total insured losses likely to exceed $5 billion,Moody’s RMS
Economic losses from the moment magnitude (Mw) Mw7.8 and Mw7.5 earthquakes that struck southern Turkey on February 6 are likely to exceed US$25 billion Observations from early damage reports issued by the Turkish Ministry of Environment, Urbanization, and Climate...
UNCDF partners with Howden to build climate resilience for vulnerable communities in Fiji
The flagship programme has developed and deployed the Pacific region’s first parametric microinsurance products in Fiji, Tonga and Vanuatu. Suva, Fiji: The UN Capital Development Fund (UNCDF) announced international insurance broker Howden as a new addition to its...
Demand for `International Insurance Programmes’ grow as APAC businesses expand beyond local borders:Aon
Natural catastrophe events continued to drive large losses and pressure marketconditions for property insurance. Changes to the reinsurance market, including higher costs and retentions, and some coverage restrictions, will drive rate increases for both local...