US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year

US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year

Overall, increased climate costs from insurance premiums, power outages, disaster recovery and uninsured damage are responsible for $7.7 trillion, or 36%, of US GDP growth since 2000. Risks are rising both from climate change, as it increases the severity and...
India needs to keep a watch on cybersecurity, climate change and system-wide contagion risks: IMF report

India needs to keep a watch on cybersecurity, climate change and system-wide contagion risks: IMF report

IMF report suggested enhanced data coverage with better granularity for mapping climate-related financial risks in India It acknowledges India’s insurance sector is strong and growing with a significant presence in both life and general insurance. The sector has...