Typhoon Yagi hit China’s southern Hainan island earlier this month...
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Flood fury causes massive damage in Telangana. State govt put initial estimate at Rs 5,438 cr
Crops have been damaged in about five lakhs of acres, canals and...
Moody’s acquires Praedicat, adds Casualty and Liability modeling capabilities
“As losses from catastrophic events are increasing, insurers are...
‘Delay means death’ – UN climate report urges immediate, drastic action
On nearly all counts, the report makes clear that climate change is impacting the world far faster than scientists had anticipated. Noting that nearly half the world's population was already vulnerable to increasingly dangerous climate impacts, the report calls for...
People flee to rooftops as ‘weather bomb’ submerges Australian towns
Several regions have seen rainfall records for February broken because of the relentless downpour, with some places getting more than a month's or more than a year's rains in one day Insurer Suncorp on Monday said it had received more than 5,000 claims related to the...
Storm Eunice: how forecasters predicted super-strong winds days before it even formed
The improvement in the forecast is partly because of the hugely improved resolution of the supercomputer models. We can now simulate the earth in great detail, in four dimensions (including time). We also just have a better understanding of the science, and how...
Frequency of extreme events may increase all over India due to enhanced warming: Jitendra Singh
“Frequency of extreme precipitation events may increase all over India, and more prominently so over the central and southern parts in the near future as a response to enhanced warming,” Earth Sciences Minister Jitendra Singh had said in a written reply in the Lok...
IIT-Madras researchers propose drought, flood mitigation project for village in TN
It suggested implementing a rapid recharge technology, which, when developed, can bring several benefits, including mitigate floods and droughts, and create a subsurface dam for water storage without evaporation loss, distribute water automatically and equitably...
Cargo ship with Lamborghinis, Porsches, Audis aboard drifts in Atlantic
An internal email from Volkswagen's U.S. operations revealed there were 3,965 Volkswagen AG vehicles aboard the ship. Headquartered in Wolfsburg, Germany, the group manufactures its Volkswagen brand, as well as Porsche, Audi, and Lamborghini- all of which were in tow...
Tokio Marine invests & collaborates with satellite imaging specialist ICEYE
The Tokio Marine Group has been utilizing technology to make prompt insurance payments in order to provide customers with a sense of safety and security as quickly as possible. In the event of large-scale flooding, satellite data and AI can be used to determine the...
Australia finalises $10 billion cyclone Reinsurance Pool
The pool is expected to reduce insurance premiums by up to $2.9 billion for eligible household, strata and small business insurance policies over 10 years Homeowners in northern Australia with the most acute cost pressures are expected to benefit from up to 46 per...
Earthquake of magnitude 5.7 hits J-K
The tremors caused panic among people who rushed out of their homes. It also damaged the spire of the revered shrine of Sheikh Noor-ud-Din Noorani, popularly known as “Nund Rishi” at Chrar-e-Sharief in Central Kashmir’s Budgam district, the officials said Srinagar: A...
Global Nat Cat insured losses at $116 billion in 2021, more than 60% higher than average: Gallagher Re
By region, North America accounted for the largest proportion of the loss at 68%, followed by Europe, Middle East & Africa at 23%, Asia Pacific at 8% and Latin America and the Caribbean at 1%. By peril, tropical cyclones were the most impactful, responsible for...