Prime Minister Narendra Modi Addressing a function to celebrate 150...
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Disaster & Management
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LA blaze damage likely to be largest wildfire insured loss in US history
Estimating insured losses is difficult given that fires are not...
Tsunami advisory issued after 6.9-magnitude quake strikes Japan
"The quake's epicentre was at a depth of 30 km in the Hyuganada...
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...
Centre approves Rs 1,816 crore to five states as disaster relief
According to an official statement, the assistance will be provided to Assam, Himachal Pradesh, Karnataka, Meghalaya and Nagaland for floods, landslides and cloudburst that occurred during 2022 New Delhi: A High Level Committee, headed by Home Minister Amit Shah, has...
Landslides in Himachal Pradesh increased six times in past 2 yrs: Govt Report
High intensity rainfall coupled with cutting of hill slopes or rocks at the foothills are the main reason behind the significant number of landslides, experts say. Extensive cutting of hill slopes for construction and widening of roads, blasting for tunnels, hydro...
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...