Up to 1m homes in bushfire-prone areas have little or no fire protection, but in some cases it would be cheaper to knock down and rebuild them than upgrade them, a royal commission has been told.
The total damage suffered in heavy floods in several parts of the country in June is estimated at about TRY38m ($5.54m), Mr Atilla Benli, president of the Turkey Insurance Association (TSB), has said.
Bank of England (BoE) has asked banks and insurers in Britain to implement by the end of 2021 plans they have drawn up to deal with risks to their businesses from climate change.
The torrential rain hitting the Kyushu region of Japan since 4 July is continuing to cause significant damage, including through flooding of the Kuma and Chikugo rivers, notes Mr Soichiro Makimoto, VP-senior analyst, Financial Institutions Group at Moody's Investors Service.
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has released the industry loss footprint for the Australian bushfires of 2019-2020, the first to provide detailed property and motor loss data at postcode level for this peril in Australia.
The Central Weather Bureau expects the usual three to five typhoons to hit Taiwan this summer, but the warning time will be shorter because the typhoons are expected to originate closer to the island.
Japan's MS&AD Insurance Group Holdings will offer a service to analyse the risks climate change pose to companies.
The Arab Monetary Fund (AMF) has called for the adoption of a comprehensive governance framework in managing natural disasters and ramifications of climate change and addressing the potential impact.
The Congress Party has demanded that the government declare locust attacks in the country as a natural disaster and farmers be given compensation under the crop insurance scheme.
The scale of natural disasters in Africa has prompted several organisations to hold a series of training courses on environmental risk insurance and pool their resources to protect vulnerable populations against disasters.