Flood risk is set to increase due to climate change and urban...
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India to focus on climate finance, protecting vulnerable communities COP29
India's key priorities at the conference are likely to focus on...
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...
Industry headwinds fail to dampen ILS Success, Aon Report
The study reveals that ILS capital remained relatively stable at $95 billion through June 30 – a reduction of approximately 2 percent relative to the $97 billion recorded in the prior-year period. CHICAGO: Aon plc in its annual report, published today, about the...
Floods in Pakistan cause economic loss to the tune of USD 12.5 billion
Poverty and unemployment will go up manifold from 21.9 per cent to over 36 per cent. Some 37 per cent population was hit by poverty after floods in 118 districts, as estimated by the Pakistan government Islamabad: The estimated economic loss to Pakistan from floods...
Aug 30 flood in B’luru led to a loss of Rs 225 crore: IT companies to CM Bommai
"The inadequate infrastructure on ORR has now reached a crisis-level. Even though only 30 per cent of ORR population has returned to working from office, the collapse of the infrastructure has drawn global concern over the city of Bengaluru's ability to handle further...
Pakistan: More than 6.4 million in ‘dire need’ after unprecedented floods
With 1.1 million houses washed away and vital infrastructure destroyed such as schools, UNICEF’s Representative in Pakistan, Abdullah Fadil, explained that “ 18,000 schools have been destroyed and thousands of schools are now fully shuttered… So that means children...
Study reveals climate change-related incidents pose negative effects on psychological, reproductive health of women
As the heavy monsoon rains and floods continue to play havoc with people's lives and resources in Pakistan, analysts have claimed that climate change produces negative effects on the psychological and reproductive health of women who bear the major brunt of disasters....
South Korea is bracing for the strongest storm in the nation’s history
Hinnamnor is forecast to be even more destructive than Typhoon Sarah in 1959, according to the meteorological administration. That storm killed more than 600 people and injured 2,533, and caused 249 billion won ($180 million) in property damage, according to the...
Globally majority of those impacted by floods uninsured: Swiss Re
This year heavy rains have triggered floods that inundated cities in China and South Korea and disrupted water and electricity supply in India, while drought has put farmers’ harvests at risk across Europe Insured losses from floods doubled to $80 billion globally...
Pakistan could have averted climate catastrophe that has killed over 1,000
The infusion of $1.16 billion by IMF might help unlock enough cash to get the country through the next couple of years — but the floods themselves have caused more than $10 billion of damage, much of which will end up boosting the country’s $255 billion in debt. If...
Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report
Of the five business sectors most vital to the global economy, manufacturing and distribution would be hit hardest by disasters costing $4.2 trillion as water scarcity disrupts production while storms and floods destroy infrastructure and inventory. read more Last...
4 earthquakes jolt J&K in less than eight hours
The epicenter of the quake, which occurred at 2.20 am, was 61 km east of Katra area in Jammu region, they said However, there were no reports of any loss of life or damage to property Jammu; Four earthquakes jolted Jammu and Kashmir in less than eight hours on...