The fires sweeping across Los Angeles are now on track to cause...
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Disaster & Management
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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...
Kerala govt releases revised action plan on climate change
Building disaster resilient infrastructure and strengthening institutional mechanisms for better disaster responses and raising incomes to bolster capabilities of individuals and communities to adapt to local impacts of climate change are important,'' said Kerala...
World Bank seeks to unclog Cat Bond jam in emerging markets
“Most of our transactions today have been either earthquake or hurricane,” said Bennett, referring to insured risks. “I think that will continue to be the largest, but certainly people are thinking about things like drought and flooding” Michael Bennett, head of...
Centre reviews preparedness for possible cyclonic storm over Bay of Bengal
Reviewing preparedness of the states/UT and central agencies, Cabinet Secretary Rajiv Gauba, stressed that preventive and precautionary measures should be taken by the authorities concerned of state/UT governments and the central agencies concerned. The aim should be...
Indonesia evacuates villagers as volcano erupts on Java island
There were no immediate reports of any casualties from the eruption of the Semeru volcano and Indonesia's transport ministry said that there was no impact on air travel but notices had been sent to two regional airports for vigilance The volcano's plume of ash reached...
Hurricane Ian drives global Nat Cat insured losses to $115 billion in 2022: Swiss Re
2022 is the second consecutive year in which the estimated insured losses total more than $100 billion, continuing the trend of a 5–7% average annual increase over the past decade The re/insurance industry covered roughly 45% of the economic losses this year,...
UN appeals for record $51.5 billion to help 230 million on the brink in 2023
At least “222 million people … will face acute food insecurity in 53 countries by the end of this year. In 2023, 45 million people in 37 countries risk starvation, according to the Global Humanitarian Overview Numerous countries had been hit by lethal droughts and...
Large parts of world drier than normal in 2021: WMO
Between 2001 and 2018, UN-Water reported that a staggering 74 per cent of all natural disasters were water-related The recent UN climate change conference, COP27, in Egypt, urged governments to further integrate water into adaptation efforts, the first-time water has...
Strengthening disaster relief mechanism essential for overall development: Rajnath Singh
Rajnath Singh, Union Defense Minister India's approach after the formulation of the National Disaster Management Policy has shifted focus from a relief-centric approach to a 'multi-pronged' approach including prevention, preparedness, mitigation, response, relief and...
Australia’s extreme weather events to worsen as climate warms
In a dire report released Wednesday that will add to pressure on the government to take firmer action on climate change, the Commonwealth Scientific and Industrial Research Organisation and the Bureau of Meteorology said rising greenhouse gas levels are causing the...
At least 250 people killed in Indonesia earthquake, rescue operations underway
The residents were seen scattered through the streets as buildings crumbled, reported Channel News Asia. The tremors destroyed many buildings and were felt in Cianjur in West Java at a depth of 10 km. Hundreds of buildings were damaged, including an Islamic boarding...