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...
Kerala to come out with policy to promote ESG investments, says Industries Minister
P Rajeev,Industries Minister,Kerala Emphasising that ''ESG is the need of the day'', Rajeev, Industries Minister, pointed out that after floods and natural calamities, the state government has taken various steps to ensure the equilibrium regarding environmental...
climate talks lends India time to transition
The Global Climate Risk Index 2021, a ranking from research group Germanwatch, put India among the top 10 countries most affected by climate change. The South Asian nation is experiencing rising heat and sea levels, as well as erratic rainfall and stronger cyclones....
AXA XL Partners with Cambridge Centre for Risk Studies to Launch Online Disaster Recovery Hub
The Report highlights that the global annual average loss from natural disasters has risen from $27 billion during 1970-80 to nearly $200 billion during 2010-2019, driven mostly by global economic development and the rising value of assets in hazardous areas,...
Annual U.S. Severe Weather Claims Near $20 billion Following October Activity
Brian Kerschner, Senior Catastrophe Analyst for Aon’s Impact Forecasting team, said: “October is typically considered a ‘second season’ for severe weather in the United States as it marks a transition from summer warmth to cooler autumn temperatures. This year saw one...
Showers, flooding toss Chennai; 14 killed in rain battered TN
The state government said 14 people were killed so far in rain-related incidents in Tamil Nadu. Chief Minister M K Stalin held discussions with Ministers chaired a meeting of top state officials led by Chief Secretary V Irai Anbu to review the rain situation. The CM...
Risky business: Climate change turns up the heat on insurers, policyholders
Given the momentum, it is no surprise that traditional models cannot keep up, Bruce Carnegie-Brown, chairman of insurance market Lloyd's of London told Reuters. "If you’ve reached an exponential part of the curve where suddenly, something’s accelerating, it’s almost...
Flooding: more likely, more extreme and more unpredictable
-Unprecedented weather patterns are challenging the flood risk landscape, which was previously well defined by government and historic records-Many flood damages occur outside of mapped river floodplains, and companies outside larger hazard zones can still be affected...
New framework for climate-vulnerable countries reengineers approach to financing nat cat response
The framework is adaptable and scalable across multiple developing countries to address climate-exacerbated natural hazards and weather perils including drought, flooding tropical cyclones, convection storms, and wildfire London: The Insurance Task Force (ITF) as part...
PM Modi launches ‘Infrastructure for Resilient Island States’ for most vulnerable countries impacted by climate change
Glasgow: India on Tuesday launched an ambitious initiative for developing the infrastructure of small island nations, with Prime Minister Narendra Modi saying it will give a new hope, a new confidence and satisfaction of doing something for the most vulnerable...
Low pressure area moves to Gulf of Kutch, may intensify into cyclonic storm in Arabian Sea: IMD
Heavy rainfall is expected for the next two days in the coastal districts of Jamnagar, Porbandar, Dwarka and Kutch, it said, and asked fishermen not to venture into the sea.
“It is then very likely to move further west-northwestwards and intensify into a cyclonic storm during the subsequent 24 hours. Thereafter, it is likely to continue to move west-northwestwards towards Pakistan-Makran coasts, moving away from the Indian coast,” the IMD said.