by AIP Online Bureau | Aug 23, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Michael Young, Vice President, Product Management, Moody’s RMS, noted: “When the rare situation of high wind and wildfire ignitions do occur again in the future, we need to be sure all the buildings comply with scientifically proven risk reduction features highlighted...
by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Turkey and Syria earthquakes drive nearly half of economic losses from Global Catastrophes in 1H 2023 “Despite the reality that communities globally remain at risk to catastrophes, only about 27 percent of economic losses this year have been insured. These...
by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
As many as 13 people died, including one rescuer, after the landslide occurred at Irshalwadi village in Khalapur tehsil in Maharashtra’s Raigad district, police said Shimla/Mumbai: With five new deaths on Wednesday, the death toll in Himachal Pradesh due to...
by AIP Online Bureau | Feb 9, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area, Fitch added Paris: The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday....
by AIP Online Bureau | Oct 29, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Facts, Non-Life, Reinsurance
The study is among the first to specifically examine how heat waves affect economic output, said senior author Justin Mankin, an assistant professor of geography at Dartmouth It has discovered that from 1992 to 2013, heat waves statistically correlated with changes in...
