The declaration in Maharashtra came after the national weather...
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Hydropower Risks: Mapping interdependencies and building resilience
From an insurance perspective, events such as recent floods in...
Nepal floods could cost insurers over $130 million even before death, injury claims
Eleven Nepali hydropower projects lie in the affected region, some...
Global natural disaster protection gap surpasses $420 billion:Swiss Re
The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years, as a combination of climate change, urbanization and inflation mean disasters are getting more costly when they hit. In North America, the gap between insured and...
Willis and Global Parametrics deliver first payout to coffee farmers in Vietnam hit by heavy rainfall
In late 2025, Willis placed the high rainfall parametric solution with Bao Minh Insurance Corporation in Vietnam, protecting coffee farmers’ revenue against a loss of yield due to excessive rainfall during the ‘golden’ harvesting period. The solution uses satellite...
World Bank launches $200 million Jamaica Cat Bond
For cat bond investors, “current signals point to lower activity and losses in the Gulf, but relatively higher risk in the South- and Northeast, especially for stronger events,” Schroders said in a recent note. “This creates scope for portfolio repositioning ahead of...
Governments lead Asia’s $100 billion climate resilience push
Climate adaptation is slowly being seen as a potential target area for private investors rather than simply a government responsibility, particularly with expectations that projects and services aimed at bolstering resilience will post strong growth in coming decades....
Climate Adaptation & Resilience in Asia: Pricing Risk,Financing Solutions
By 2030, Asia will account for around 75% of the global climate adaptation and resilience(CA&R) financing gap, and Asian companies are projected to bear around US$336 billion in annual climate costs. The Centre for Impact Investing and Practices (CIIP), in...
Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub
Rafal Modrzewski, CEO and co-founder of ICEYE The company's satellite constellations currently serve sectors ranging from defence and intelligence to insurance and emergency management. Demand for ICEYE's technology has surged amid rising global geopolitical tensions,...
89 killed as storm, rain batter UP
Chief Minister Yogi Adityanath took cognisance of the loss of lives and damage caused by unseasonal rain, thunderstorms and lightning on Wednesday and directed officials to ensure relief reaches the affected families within 24 hours. LUCKNOW:At least 89 people were...
AI-enabled systems introduced by IMD to provide hyper-local weather forecasts: Jitendra Singh
Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences,said India has witnessed nearly 40 per cent improvement in forecast accuracy for severe weather events during the recent decade compared to the previous decade....
Shah to review flood management and heatwave preparedness in the country tom
Amit Shah,Home Minister and Minister of Cooperation During the meeting, Union Home Minister will assess the readiness of Central Government agencies, review early warning systems, resource deployment and inter-agency coordination, to ensure zero loss of life and...
Scindia launches nationwide mobile alert system for disaster emergencies
Jyotiraditya Scindia,Union Minister of Communications Cell Broadcast Solution (CBS) is a telecom-enabled public warning system that enables authorities to broadcast simultaneous, geo-targeted alerts to mobile devices within a defined area. Integrated with the...