India's key priorities at the conference are likely to focus on...
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Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash...
Innovative Climate risk insurance: PCRIC and WTW renew covers for 6 Pacific island nations
For 2024 and 2025, PCRIC now provides insurance for tropical...
Ten bodies spotted, four retrieved after avalanche in Uttarakhand
The avalanche struck at an altitude of around 17,000 feet around 8.45 am when the team of 34 trainee mountaineers and seven instructors from Uttarkashi-based NIM was returning after summiting, principal Colonel Amit Bisht said Uttarkashi: Ten bodies were spotted after...
South Asia’s poorest city dwellers bear brunt of worsening floods
Worrying about floods is an annual routine for the community, but environmental experts fear its residents - like marginalised city dwellers across South Asia - face even harsher threats ahead as rains becomes more erratic and intense. This summer's deadly inundation...
AP govt brings out new safety guidelines to check industrial accidents
There are 220 pharmaceutical units in the state, many with multiple exothermic reactors Explosion of these reactors due to runaway exothermic reactions has been identified as the root cause of fatal accidents Amaravati: In light of recent industrial accidents in the...
Death toll in Florida uncertain as Ian takes aim at Carolinas
The storm transformed Florida's southwestern shoreline, dotted with sandy beaches, coastal towns and mobile home parks, into a disaster zone as Ian swept seawater into waterfront homes. Ian, one of the strongest storms ever to hit the U.S. mainland, flooded Gulf Coast...
One of strongest storms Hurricane Ian to make landfall in Florida
Samantha Montano, an assistant professor of emergency management at Massachusetts Maritime Academy, said the powerful winds may not do the worst damage. “Certainly, the wind threat is significant with this storm,” said Montano. “But I think it’s definitely from the...
Losses from Super Typhoon Nanmadol expected to be manageable for Japan Insurers
Secondary perils such as hurricane-induced flooding, storm surges and landslides are not modeled to the same extent as primary perils, and loss creep was an issue for insurers after 2018’s Typhoon Jebi HONG KONG: Given Super Typhoon Nanmadol’s reduced strength upon...
225 million displacements in APAC due to disasters, Impact of climate change deepens: ADB Report
The 225 million displacements in Asia and the Pacific include 5 million displacements by Cyclone Amphan across South Asia in 2020, 2.6 million displacements by the Gorka earthquake in Nepal in 2015, and 15.5 million displacements by floods in the People’s Republic of...
Pakistan flood-borne diseases could get ‘out of control’ as deaths rise
Record monsoon rains and glacial melt in northern Pakistan triggered the flooding that has impacted nearly 33 million people in the South Asian nation of 220 million, sweeping away homes, crops, bridges, roads and livestock in damages estimated at $30 billion....
Super typhoon Nanmadol bears down on Japan’s Kyushu island
Railway operators and airlines have cancelled services and convenience store chain Seven-Eleven Japan temporarily shut around 950 stores. Toyota Motor Corp said it will idle production at three factories on Monday Typhoon Nanmadol bore down on Japan's southernmost...
Pakistan facing risk of fresh floods, more deaths as toll crosses 1,500
“The economic impact of the floods is a major source of concern for global investors,” said Abdul Kadir Hussain, head of fixed income asset management at Dubai-based Arqaam Capital Ltd. Also, there is nothing tangible on dollar inflows that were supposed to follow the...