Relief Commissioner Namratha Thapa said to mitigate the risk of...
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APAC: Climate change response held back by insufficient data
“The deadly heat waves and catastrophic floods we’ve seen in recent...
Malawian govt receives $11.2 million insurance pay out for Niño-linked drought
Malawi had a drought insurance policy through the bank and 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...
Global Cat economic losses hit $343 billion in 2021, up from $297 billion in 2020:Aon
Only 38 percent of natural peril losses were covered by insurance, an improvement from last year CHICAGO: Aon plc’s 2021 Weather, Climate and Catastrophe Insight report reveals a total of $343 billion in economic losses in 2021, $329 billion of which resulted from...
Seven dead, 16 injured in massive fire in central Mumbai high-rise
"It is a ground plus 20-storey building. The blaze erupted around 7 am in Kamla building located opposite Gandhi Hospital at Gowalia Tank,when many of its residents were still asleep The fire broke out on its 18th floor. Several persons were injured in the incident...
Drinking water, ash big concern as Tonga damaged after tsunami
The eruption of the Hunga-Tonga-Hunga-Ha'apai volcano triggered a tsunami on the shores of Tonga and cut off phone and internet lines for the entire island. International communication has been severely hampered by damage to an undersea cable, which could take more...
Explainer: Scientists struggle to monitor Tonga volcano after massive eruption
Saturday's eruption was so powerful that space satellites captured not only huge clouds of ash but also an atmospheric shockwave that radiated out from the volcano at close to the speed of sound Some volcanologists are likening the eruption to the 1991 Pinatubo...
Tsunami threat recedes from huge Pacific volcanic eruption
Following Saturday's eruption, residents in Hawaii, Alaska and along the U.S. Pacific coast were advised to move away from the coastline to higher ground and to pay attention to specific instructions from their local emergency management officials, said Snider ``We...
2021 fifth warmest year in India since 1901: IMD
The India Meteorological Department (IMD) said thunderstorms and lightning reportedly claimed 787 lives in India in 2021, while 759 people died in heavy rainfall and flood-related incidents New Delhi: The year 2021 was the fifth warmest year in India since 1901, with...
Natural disasters cost $120bn of insured losses worldwide in 2021, relatively low losses in Asia-Pacific: Munich Re
Torsten Jeworrek, member of the Board of Management,Munich Re The costliest natural disaster in 2021 was Hurricane Ida, causing $65bn of economic losses and US$ 36bn of insured losses Torsten Jeworrek, member of the Board of Management,Munich Re, said the images of...