by AIP Online Bureau | Aug 7, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Developers must carefully plan and factor the various worst-case scenarios into their risk model to ensure new projects are commercially viable going forward. There are also innovative insurance tools available such as parametric solutions that can provide...
by AIP Online Bureau | May 19, 2023 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography
Study authors said the average El Nino costs the global economy about $3.4 trillion. The strong 1997-1998 one cost USD 5.7 trillion. The World Bank estimated the 1997-1998 El Nino cost governments USD 45 billion, which is more than 100 times smaller than the Dartmouth...
by AIP Online Bureau | May 4, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News
India Meteorological Department (IMD) Director General Mrutyunjay Mohapatra said last week that any effect the El Nino might have on monsoon will only be visible during the second half of the season ”It is not necessary that an El Nino will lead to a bad...
by AIP Online Bureau | May 3, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life
“El Nino will fuel the temperature globally,” he said. “We feel the effect of El Nino temperatures globally with a slight delay” The El Nino weather pattern is likely to develop later this year and could contribute to rising global...
by AIP Online Bureau | Mar 4, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
La Nina refers to the large-scale cooling of the ocean surface temperatures in the central and eastern equatorial Pacific Ocean, coupled with changes in the tropical atmospheric circulation The El Nino event may develop after three consecutive years of an unusually...
