Milton will push global industry insured losses thus far in 2024 to...
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Catastrophe bonds dodge worst-case scenario after Milton
Overall, Icosa Investments AG now sees insured losses in the range...
Catastrophe bond investors brace for major losses as Milton rages
Catastrophe bonds, or cat bonds as they’re known in the industry,...
Nuclear fears in US amid Russia-Ukraine war: AP-NORC poll
Close to half of Americans say they are very concerned that Russia would directly target the U.S. with nuclear weapons, and an additional 3 in 10 are somewhat concerned about that, according to the new poll from The Associated Press-NORC Center for Public Affairs...
U.N. to roll out global early-warning systems for extreme weather
Petteri Taalas, Secretary-General, World Meteorological Organization With the trend expected to worsen as global temperatures continue to climb, "there is a need to invest $1.5 billion" in the next five years to predict when extreme events might occur, said World...
New Zealand enacts a new law to modernise natural hazard insurance
The Bill’s name - Natural Hazards Insurance Bill - recognises the fact that EQC’s mandate extends further than just helping people recover from earthquakes. In fact, its insurance scheme also covers landslips, volcanoes, tsunami and hydrothermal activity. Making this...
China weighs exit from ‘zero COVID’ and the risks involved
Studies of Chinese vaccines suggest they offer significantly less protection against infection from omicron, even after three doses, than a booster shot from a Western vaccine using mRNA technology. A Chinese mRNA vaccine is still in trials One major reason China is...
Japan manufacturers restart some of the northeast’s quake-hit plants
Renesas Electronics Corp, which makes nearly a third of the microcontroller chips used in cars globally, said a stop on two factories and a partial stop on a third remained in place Tokyo: Japanese manufacturers began restarting production at some of the plants that...
Cyclone brewing in Bay of Bengal, A&N Islands to get heavy rains
“If the forecast materialises, tropical cyclone Asani will become the first-ever tropical cyclone to hit Andaman and Nicobar Islands in March. Not a single tropical cyclone has hit the region in March in at least 132 years,” Akshay Deoras, a meteorologist at the...
Covid deaths worldwide 18 million, three times official tally: Lancet Study
Because of its large population, India alone accounted for an estimated 22% -- or 4.1 million -- of the global deaths. The U.S. and Russia were the next highest with 1.1 million each, followed by Mexico, Brazil and Indonesia “At the global level, this is quite the...
US says $ 100 billion soon to help poor nations with climate
U.S. climate envoy John Kerry Kerry said to fund the economic transition that all countries must make to tackle climate change, "it's going to require not just $100 billion but trillions of dollars.No single government — no group of governments — can meet the $2.5...
Climate change making Australia a more difficult place to live: PM Scott Morrison
“Australia is becoming a harder country to live in because of these natural disasters,” Morrison told reporters on Wednesday, adding that the world was dealing with “a different climate to the one we were dealing with before” Prime minister Scott Morrison Australia’s...
Australia to declare east coast floods a national emergency
The declaration means flood victims won't have to provide identification documents to receive support payment and in some circumstances the federal government can act independently in areas where the state governments haven't requested help. Canberra: Australia's...