Overall, Icosa Investments AG now sees insured losses in the range...
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Catastrophe bond investors brace for major losses as Milton rages
Catastrophe bonds, or cat bonds as they’re known in the industry,...
Hurricane Milton could cost insurers up to $100 billion, analysts say
The Category 5 hurricane is due to make landfall on the Gulf Coast...
Gallagher Re & Africa Re team up to address protection gap in Africa
Antoine Bavandi, Global Head of Public Sector, Parametric & Climate Resilience Solutions at Gallagher Re, added: “We are thrilled to begin this journey with Africa Re and its partners. We will be putting to work our expertise in various domains to come up with the...
Australia floods worsen as thousands more flee Sydney homes
The Insurance Council of Australia, which declared the floods a 'significant event', urged affected people to apply for claims, even though the full extent of damage was unknown now Sydney: Torrential rains kept battering Australia's east coast on Tuesday,...
Maha: IMD issues orange alert for next 5 days in Konkan; NDRF teams deployed at Mahad and Chiplun
Meanwhile, after a break of a couple of days, heavy rains returned to Mumbai on Monday. According to civic officials, the island city recorded 21 mm of rainfall from 8 am to 6 pm, while the eastern and western suburbs received 17 mm and 25 mm of rainfall, respectively...
COVID-19 Pandemic: Risk lessons in a complex, inter-connected world
Today’s interconnected world is an evolving system, and disastrous events are often the results of systemic failures. The new UN report shows that It’s time to develop a deeper understanding of systemic risks, how they trigger other hazards and shocks, often in...
Populous Chinese province kicks off disaster insurance trials
The cities are encouraged to boost insurance coverage as much as their financial resources allow, the Henan government said China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by...
At flooded cancer hospital in northeast India, chemotherapy given on the road outside
Located in the Barak valley in Assam state, the 150-bed Cachar Cancer Hospital and Research Centre has been inundated by for days, and the situation has become so dire that its administrators have requested life-jackets and an inflatable raft to transport patients and...
Govt implementing disaster mitigation project to reduce sufferings in cyclone-hit states: Shah
Amit Shah,Union Home Minister ''In order to reduce the sufferings caused to the coastal community by cyclones and other calamities, the Modi government is implementing the National Cyclone Risk Mitigation Project in eight coastal states with a total outlay of Rs 4,903...
EU releases 2 million euros to support flood victims in Bangladesh, India
The floods this year are considered worse than those experienced in 1998 and 2004 New Delhi; The European Commission has released 2 million euros in funding for emergency relief assistance to those affected by the current floods in India and Bangladesh. The support...
Strong earthquake kills at least 280 in Afghanistan
Most of the confirmed deaths were in the eastern Afghan province of Paktika, where 255 people had been killed and more than 200 injured, said interior ministry official Salahuddin Ayubi. In Khost province, 25 people had been killed and 90 taken to hospital, said a...
Assam flood situation critical, CM reviews state of affairs
The state has been reeling under devastating floods for the past one week with 127 revenue circles and 5,137 villages affected in 33 districts, according to a bulletin of the Assam State Disaster Management Authority (ASDMA) With the flood situation in Assam remaining...