Innovative Climate risk insurance: PCRIC and WTW renew covers for 6 Pacific island nations

For 2024 and 2025, PCRIC now provides insurance for tropical cyclones, heavy rain, earthquake, and tsunami risk to six Pacific governments: the Cook Islands, Fiji, Niue, Tonga, Samoa, and Vanuatu, as well as the state-owned telecommunications company PNG DataCo in...

India faces 24.7 pc GDP loss by 2070 due to climate change: ADB report

“India is reported to have the highest number of affected individuals and damage costs, with residential losses being predominant,” the report said New Delhi: Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by...