Category:

Disaster & Management

Moody’s to acquire risk modelling firm RMS for $2 billion

The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the company’s global integrated risk capabilities to address the next generation of risk assessment.
With over 400 risk models covering 120 countries, RMS is the world’s leading provider of climate and natural disaster risk modeling serving the global property and casualty (P&C) insurance and reinsurance industries.

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Maha govt announces Rs 11,500-crore package for aid to flood victims, repair works

A sum of Rs 7,000 crore has been earmarked for undertaking long-term measures to minimise impact of future floods, said the statement.

The financial assistance would include Rs 5,000 to every family affected by floods. The state government has relaxed the previous condition of houses being underwater for 48 hours to qualify for compensation, it said.

Similarly, totally damaged houses will get financial assistance Rs 1,50,000 per home, while houses with minimum damage of 50 per cent will get Rs 50,000, the statement said.

Partially damaged houses will get Rs 25,000 per home, the statement said.

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Permanent solution needed to prevent recurring floods in Maha: CM

Chief Minister Uddhav Thackeray said the MVA government will come up with a ”holistic long-term plan” for all the flood-affected districts such as Satara, Sangli, Kolhapur, Raigad, Sindhudurg, and Ratnagiri to ensure the construction of roads, bridges etc.

He also said the state government will review the reports submitted by all the committees set up earlier, including of the Vadnere committee, to recommend measures to avoid floods.

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Estimated loss worth Rs 632 crores occurred due to rain, cloudburst, landslide in Himachal

While speaking to ANI, State Disaster Management Authority Director Sudesh Kumar Mokhta said, “So far, 211 people and 438 animals have died in incidents related to rain, cloudburst, and landslide in Himachal Pradesh during this monsoon season.”

“109 houses are fully damaged. Estimated loss worth Rs 632 crores has occurred”, said SDMA Director SK Mokhta. This development comes hours after various incidents of floods, landslides following heavy rainfall were reported in the State.

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Intensity of severe cyclonic storms increasing in North Indian Ocean region: Study

The increasing intensity of severe cyclonic storms with major socioeconomic implications was due to atmospheric parameters like higher relative humidity, especially at mid-atmospheric level, weak vertical wind shear as well as warm sea surface temperature (SST).

This indicates the role of global warming in bringing about this increasing trend, the study suggests.

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