Wildfire exposures can be mitigated by relatively simple and...
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Disaster & Management
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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...
PM Modi calls for integrated response to disasters
Prime Minister Narendra Modi In his video address at the International Conference on Disaster Resilient Infrastructure 2023, he noted that 40 countries have become part of the Coalition for Disaster Resilient Infrastructure in a few years New Delhi: Prime Minister...
West Bengal records maximum coastline erosion in India between 1990 and 2016
Based on the observations highlighted in the 6th assessment report of the IPCC, the head of the energy economic programme of the Asian Institute of Technology and one of the authors of the same report, Joyashree Roy feels that the climatic hazards in the coastal belts...
World Bank approves $100 million to improve disaster response in Odisha
"The Program will help Government of Odisha scale up existing social protection systems to better protect vulnerable households from climate shocks," said Auguste Tano Kouame, the World Bank's Country Director for India. Washington: The World Bank's Board of Executive...
IPCC report a call to action for all, especially countries like India: Co-authors
As per the report's indicators, India, with a large coastline and millions of people surviving on the revenue they earn from fisheries, has many things to worry about. With the rise in seawater level, which the report documented as 3.7 mm per year between 2006 and...
Global insured losses from natural catastrophes break through USD 100 billion threshold again in 2022: Swiss Re
This reaffirms the trend of a 5–7% average annual increase in insured losses over the past three decades, reveals Swiss Re’s latest sigma report "The magnitude of losses in 2022 is not a story of exceptional natural hazards, but rather a picture of growing property...
Odisha approves Rs 6,283 cr outlay to develop cyclone resilient network in coastal areas
Around 70 per cent of the funds shall be invested for the development of the Cyclone Resilient Network which will ensure uninterrupted power supply to critical installations like hospitals, evacuation centres, water supply points, emergency control rooms and...
Strong earthquake of 6.8 magnitude kills at least 13 in Ecuador, 1 in Peru
The U.S. Geological Survey reported an earthquake with a magnitude of about 6.8 that was centred just off the Pacific Coast, about 50 miles (80 kilometres) south of Guayaquil, Ecuador's second-largest city. One of the victims died in Peru, while 13 others died in...
DDMA discusses preparedness for earthquake, prevailing H3N2 Flu situation
The Delhi Lt. Governor asked for retrofitting of all schools, hospitals, police stations, other critical government offices and vulnerable buildings especially in the 'Special Area' and old Delhi localities, according to the Earthquake Resilient Building Code. New...
1,997 killed, 18,54,901 hectares crops damaged in disasters in 2022-23: MoS Nityanand Rai in Lok Sabha
Citing information furnished by states, the Minister said these details included the losses caused due to hydro-meteorological disasters that occurred during 2022-23, as on March 7, 2023. New Delhi: Due to hydro-meteorological disasters during the year 2022-2023, a...
Flood Risk: shifting from a responsive to an anticipatory approach
Only 17% of global losses were insured between 2007 and 2021, with the biggest protection gaps in developing countries, where insurance is often not available. Flood risk is pervasive and set to increase. According to Marsh McLennan estimates, 1 out of 3 people...