The court was hearing a plea initiated by it for prevention and...
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Disaster & Management
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Govt working on policy of ‘zero casualties’ during disasters: Union Minister Rai in Lok Sabha
“India faces a variety of disasters across seasons. The government...
Kerala HC criticises Centre, state on lack of clarity in Wayanad relief aid
The queries from the court came during a hearing of a plea...
Insurers hit with thousands of claims as rains soak New Zealand
Citi in a research note observed that IAG’s exposure to the floods in Auckland, which could be potentially as much as A$236 million, is “much greater” than Suncorp’s NZ$50 million cap Major insurers operating in New Zealand including Insurance Australia Group and...
Worst impacts of sea level rise will hit earlier than thought: Study
In total, after two metres of sea level rise, the researchers estimate that 240 million more people will live below mean sea level. After three and four metres of sea level rise, that number increases by 140 million and by another 116 million, respectively, staudy...
Climate Is forcing the most risk-aware industry to reinvent Itself
Christian Mumenthaler,, group chief executive officer, Swiss Re The difficulties are forcing the insurance industry to get creative. There are three levers it can use to reduce climate risks: reduce its own emissions, force the companies it invests in to reduce their...
Global insured losses from natural disasters exceed $130 Billion in 2022, second-costliest event on record: Aon
Data show that 2022 was the fifth costliest year on record for insurers, with approximately $50-55 billion of the global insured loss total resulting from Hurricane Ian in the United States - the second-costliest natural catastrophe in history from an insurance...
Joshimath crisis: Badrinath National Highway develops cracks
Significantly, the number of structures that have developed cracks in the holy city has increased to 863 In view of the cracks, along with the obstruction of the road to Badrinath Dham, the contact of the Indian Army with the China border may also be cut off...
Centre to enhance disaster fund for Himachal Pradesh: CM Sukhu
Sukhvinder Singh Sukhu,Chief Minister, Himachal Pradesh The Chief Minister said that these radars will be able to forecast heavy rain, thunderstorm and hailstorm within 100 kilometer radius in all directions, especially for short-range forecasting and will be helpful...
Two more hotels lean towards each other in Joshimath, cracks widen at many places
Many houses were damaged in varying degrees in the land-subsidence areas while water from the aquifer was constantly flowing down with great force. Dehradun/Joshimath (U’khand): Two more hotels were dangerously leaning towards each other while wider cracks have...
CSIR lab proposes disaster resilient model town for people displaced from Joshimath
The Roorkee-based institute of the Council of Scientific and Industrial Research (CSIR), has also suggested a three-pronged action plan for Joshimath that envisages demolition of tilted buildings, safety assessment of existing 4,000 buildings and providing...
Cost-of-living crisis biggest Global Risk: Davos Study
"The short-term risk landscape is dominated by energy, food, debt and disasters," said Saadia Zahidi, a managing director at WEF The cost-of-living crisis is the biggest global risk over the next two years, the World Economic Forum warned Wednesday in a survey...
Catastrophe bond yields soar as disasters abound and rates rise
The increasing threat of losses from disasters make issuing new cat bonds all the more important for the insurance industry, but it might be difficult to find enough investors.Margins on new issuances of catastrophe bonds covering US wind events are now at the highest...