Anni MLA Lokender Kumar said, "Due to heavy rain here along with...
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Oil, cargo falls into sea off Kerala coast, public cautioned against it: Kerala govt
"There is a chance the cargo, including containers and oil, will...
Geneva Association report calls for action to safeguard home insurance amid rising extreme weather risks
“Extreme weather is no longer a future threat – it’s disrupting...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane
The ministry suspects that both engines shut down shortly before the pilot attempted an emergency landing, depriving the aircraft of almost all electrical power as it touched down. The plane’s two black boxes, the flight data recorder and cockpit voice recorder, both...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial Asia, said, “Business interruption is the most significant risk for companies in the region and this is no surprise as Asian economies are increasingly participating in trade globally and regionally....
Vision-2047: India targets 100-pc severe weather detection, zero deaths
IMD Director General Mrutyunjay Mohapatra said the Vision-2047 document will help integrate weather and climate information into all national objectives, making India a "weather-ready" and "climate-smart" nation while improving socio-economic conditions. NEW DELHI:...
Need to develop earthquake warning systems: PM Modi
Prime Minister Narendra Modi Addressing a function to celebrate 150 years of the India Meteorological Department (IMD), Modi also launched 'Mission Mausam' for developing cutting-edge weather surveillance technologies and systems, implementing high-resolution...
LA blaze damage likely to be largest wildfire insured loss in US history
Estimating insured losses is difficult given that fires are not fully contained. Nonetheless, significantly wide estimates for insured losses range between $10 billion and $30 billion, and economic losses between $150 billion to $275 billion, says Fitch The Los...
Tsunami advisory issued after 6.9-magnitude quake strikes Japan
"The quake's epicentre was at a depth of 30 km in the Hyuganada Sea. Immediately following the quake, the agency issued a tsunami advisory for the coasts of Miyazaki and Kochi prefectures. Waves of 1 metre are being forecast. People in the vicinity are urged to stay...
Moody’s to acquire CAPE Analytics, adds AI-powered geospatial property risk intelligence to its insurance risk models
“By combining our CAT risk models with CAPE’s AI-powered property risk intelligence, we will provide our customers with the most advanced property risk analytics available in the industry, enhancing insights and decision-making across the insurance lifecycle,” said...
Cracks in houses: U’khand HC serves notices to govt, 159 mining lease holders in Bageshwar
Dissatisfied over the continuation of mining activities, the court had asked the state to take action against the mining officers and those who violated the order Nainital: The Uttarakhand High Court while hearing a PIL on cracks in houses due to the mining activities...
Europe asks airlines to steer clear of Russia Airspace after Azeri plane crash
In 2024, commercial aviation suffered its deadliest year since 2018 after the Azerbaijan Air crash and Jeju Air Co. disaster in South Korea drove up the toll in late December. In the Jeju accident, all but two of the 181 people on board died The European Union...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...