by AIP Online Bureau | Feb 5, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Insured losses are estimated at $75 billion.The disaster will reduce L.A.’s gross domestic product by $4.6 billion, or about 0.5%, in 2025. Insured losses may cover only a fraction of the costs for fire victims. Many property owners seeking to rebuild were...
by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...
by AIP Online Bureau | Dec 7, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The costliest typhoon in Asia – and the third-costliest cyclone of the season worldwide – was Typhoon Yagi. It struck the Philippines, the Chinese island of Hainan, and the southern tip of the Chinese province of Guangdong as an extreme storm before making landfall in...
by AIP Online Bureau | Nov 22, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Policy
With rich nations under pressure to fill the pot, researchers from the University of Cambridge’s Institute for Sustainability Leadership said they had reached a “breakthrough” in understanding how to use this money to protect countries from the...
