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1,492 people died in extreme weather events in 2024 monsoon season
The data also revealed that Madhya Pradesh recorded the highest...
Escalating conflict hurts India’s trade with West Asian countries
Disruptions in key shipping routes, particularly through the Suez...
Africa Specialty Risks Group becomes reinsurer in Mauritius
ASR is focused on becoming the partner of choice to corporations through the provision of comprehensive and bespoke risk mitigating insurance solutions, and offers capacity across Property, Construction, Political Risk, Trade Credit, Energy, Liability and PVT (War, Political Violence and Terrorism), with further lines of business being developed.
Australian general insurers welcome `Bushfire Funding’, say Tax Rise ‘Unsustainable
The federal government’s allocation of A$1.2 billion (US$931 million) over five years to improve Australia’s capability to prepare for, respond to, and recover from natural disasters and now the Victorian government’s A$517 million investment in bushfire specific resilience initiatives will protect communities vulnerable to the impact of extreme weather and natural disasters,the ICA said in a statement.
“This welcome news is tempered, however, by the Victorian budget’s projections that revenue from insurance stamp duty will increase by almost one-third over the budget estimates, rising 29% from A$1.517 billion in 2020-21 to A$1.959 billion [US$1.519 billion] in 2024-25,” the ICA explained.
FB, Google working on complying with social media rules as deadline looms
The new rules, announced on February 25, require large social media platforms like Twitter, Facebook, Instagram and WhatsApp to follow additional due diligence, including the appointment of a chief compliance officer, nodal contact person and resident grievance officer.
IEA’s urgent fossil fuel warning earns mixed reception from producers
The United States, Britain, Canada, France, Germany, Italy and Japan, plus the European Union, said in a joint statement: “international investments in unabated coal must stop now”.
Yaas intensifies into very severe cyclonic storm: IMD; eastern states evacuate more than 12 lakh people
`Yaas’, which was positioned 160 km south-southeast of Paradip in Odisha and 240 km south-southeast of Digha in West Bengal over north-west and adjoining west-central Bay of Bengal on Tuesday evening, is likely to gain a maximum speed of 155 kmph to 165 kmph gusting to 185 kmph during landfall, the Met department said.
Air India unions seek forensic audit of PF trusts
”It has come as a shock to all of us unions, many of whom were not involved or aware of the day to day functioning of the Provident Fund trusts of Indian Airlines and Air India that huge losses have been incurred by both trusts, due to questionable investments in companies like ILFS and Dewan Housing, among others, which collapsed,” the unions said in the e-mail, accessed by PTI.
The Forum claims representation of over 10,000 Air India staff members comprising pilots, engineers, cabin crew and ground staff.
Over 500 children orphaned in India due to second wave of Covid
The central government is constantly monitoring all these orphaned children in coordination with the state governments. For the care and well-being of such orphaned children, Rs 10 lakh has been released to each district across the country, through the Non-Institutional Child Care Fund.
Biden doubles U.S. spending on preparations for extreme weather
The $1 billion will help communities prepare for hurricanes, floods and wildfires, with a portion allotted specifically to disadvantaged communities, the White House said.
It said the United States had 22 separate weather- and climate-related disasters in 2020 costing a total of nearly $100 billion in losses.
Renault-Nissan, Hyundai and Royal Enfield face shutdowns in over workers’ COVID fears
Tamil Nadu is one of the worst hit states with more than 30,000 cases a day last week. The state, an auto hub known as India’s Detroit, has imposed a lockdown until May 31 but allowed some factories, including auto plants, to continue operating.
More people displaced due to climate disasters than conflicts in 2020
People who migrated domestically due to extreme weather events rose to 30.7 million, or 75% of those uprooted within their borders, according to a report by the Internal Displacement Monitoring Centre.