The fires sweeping across Los Angeles are now on track to cause...
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Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and...
NDRF personnel with specially equipped trained dog squad departs for earthquake-hit Turkey
"Medical teams are also being readied with trained doctors and paramedics with essential medicines. Relief material will be dispatched in coordination with the Turkish government and the Indian Embassy in Ankara and Consulate General office in Istanbul," the PMO said....
7.8 magnitude quake knocks down buildings in central Turkey
Several buildings tumbled down in the neighboring provinces of Malatya, Diyarbakir and Malatya, HaberTurk television reported. There was no immediate reports on casualties The earthquake was also felt in Lebanon and Syria ANKARA: A 7.8 magnitude earthquake shock...
Depletion Amazon rainforest contribute to melting glaciers in the Himalayas and Antarctica
Deforestation in the Amazon, the world’s largest rainforest and home to a quarter of land species, reached its fastest pace in at least 15 years last year. Scientists have discovered a new atmospheric pathway that originates in the Amazon, runs along the South...
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...