Disaster & Management

Coronavirus: New disease spreading in Asia revives SARS fears

International News       Jan 20, 2020

  Paris: A mysterious SARS-like virus has spread around China with more than 200 diagnosed cases in the cities of Wuhan, Beijing and Shenzhen, plus two people infected in Thailand and another case confirmed in Japan. Here are a few key points about coronavirus. What is...

Cyber and climate change rank as top risks for India Inc:Allianz

Indian News       Jan 16, 2020

  Singapore: For the third year in a row, Cyber incidents (49% of responses) ranks as the most important business risk in India in the ninth Allianz Risk Barometer 2020. Awareness of the cyber threat has grown rapidly in recent years, driven by companies increasing reliance...

At least 67 dead in avalanches in Pakistan, India: government officials

International News       Jan 14, 2020

  ISLAMABAD:  At least 57 people were killed and others were missing after avalanches in Pakistan-controlled Kashmir over the last 24 hours, senior government officials said on Tuesday.   In neighboring India, at least 10 people were killed after several avalanches hit the northern-part of Indian-administered Kashmir.  ...

Swiss Re launches first parametric earthquake Cat bond to hedge mortgage risks

International News       Jan 13, 2020

  New York: Swiss Re Capital Markets successfully closed the USD 225 million Series 2020-1 Principal At-Risk Variable Rate Notes transaction issued by Sierra Ltd. on behalf of Bayview's MSR Opportunity Fund ("Bayview"). This transaction is the first catastrophe bond issued under Rule 144A with a...

Rumbling volcano shuts down Philippine capital

International News       Jan 13, 2020

  MANILA:  Schools and businesses shut across the Philippine capital on Monday as a volcano belched clouds of ash across the city and seismologists warned an eruption could happen at any time, potentially triggering a tsunami.   Thousands of people were forced to evacuate their homes around...

Tensions between U.S. and Iran hamper probe of Boeing 737-800 crash near Tehran

International News       Jan 09, 2020

As investigators sift through the charred wreckage of a jetliner that crashed shortly after takeoff from Tehran, contradictory reports have emerged about what might have caused the Boeing Co. 737-800 to abruptly plunge out of the sky.   Iranian authorities initially blamed “technical” causes then said...

Natural catastrophes record $52b insured losses & 9,000 deaths in 2019:Munich Re

International News       Jan 08, 2020

  Munich: According to Munich Re, in 2019 ,globally 820 natural catastrophes caused overall losses of US$ 150bn, which is broadly in line with the inflation-adjusted average of the past 30 years. A smaller portion of losses was insured compared with 2018: about US$ 52bn. This...

Insurance industry calls for action to mitigate Climate Risk as Australia bushfires widen

Articles       Jan 08, 2020

As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change.   Months of out-of-control fires have burnt an area more than five times the size of Wales and industry-wide claims of A$700 million [US$480.8...

The escalating costs of Australia’s wildfire disaster

International News       Jan 03, 2020

Australia is in the grip of deadly wildfires burning across the country, triggering an emotive debate about the impact of climate change in the world’s driest-inhabited continent. The unprecedented scale of the crisis, and images of terrified tourists sheltering on beaches from the infernos, has...

Indonesia Flooding Forces Evacuation of More Than 400,000 People with 42 Deaths

International News       Jan 03, 2020

  Jakarta: At least 42 people have died from the New Year’s Day flooding in Indonesia, and hundreds of thousands were evacuated, as the greater Jakarta area suffered the most intense rain in 24 years.   More than 400,000 people, mostly from Bekasi, east of Jakarta, fled...

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