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Flood risk: protective measures up to ten times more cost-effective than rebuilding: Swiss Re study

by AIP Online Bureau | Nov 11, 2024 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

Flood risk is set to increase due to climate change and urban sprawl.Economic benefits of flood adaptation measures can be up to ten times the costs of post-disaster rebuilding. Dykes can reduce flood damage by 60-90%, especially in densely populated regions Zurich:...

Spain approves €10.6 billion relief package for flood victims

by AIP Online Bureau | Nov 6, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Policy

The package includes direct aid for households, self-employed workers and firms; state-backed credit guarantees for companies and residents; and funds for city governments to pay for repairs and reconstruction. Spanish Prime Minister Pedro Sanchez announced the first...
Centre releases Rs 5858.60 crore to 14 flood-affected states

Centre releases Rs 5858.60 crore to 14 flood-affected states

by AIP Online Bureau | Oct 2, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

The Centre has released more than Rs14,958 crore to 21 states this year, said the MHA.This includes Rs9,044.80 crore from the SDRF to 21 states, Rs4,528.66 crore from the NDRF to 15 states, and Rs1,385.45 crore from the State Disaster Mitigation Fund (SDMF) to 11...

Flood fury causes massive damage in Telangana. State govt put initial estimate at Rs 5,438 cr

by AIP Online Bureau | Sep 8, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

Crops have been damaged in about five lakhs of acres, canals and ponds breached, bridges, roads and railway tracks were washed away and electric sub-stations and electric poles were damaged.state government has put the initial estimate at Rs 5,438 crore. Hyderabad: A...
South Korea flood death toll rises to 40, Yoon blames botched responses

South Korea flood death toll rises to 40, Yoon blames botched responses

by AIP Online Bureau | Jul 17, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The incident fueled questions over South Korea’s efforts to prevent and respond to flood damage. Some drivers who use the road regularly blamed the government for failing to ban access to the underpass even though floods were widely forecast South Korean President...
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