Frequent low-intensity earthquakes are prompting people living in the National Capital Region (NCR) to look for home insurance, according to a survey conducted by the e-insurance platform Policybazaar.com.
The insurance industry in the six provinces of Hubei, Hunan, Guangxi, Jiangxi, Sichuan and Anhui, has received a total of 188,000 claims totalling CNY5.28bn ($759m) as a result of massive floods in the past month, according to data from the CBIRC.
Despite a record early start to the Atlantic Hurricane Season, the most significant natural peril events were noted in Asia during July. An active monsoon season prompted more than $20bn in flood-related damage in parts of China, Japan, India and Bangladesh during the month alone, Mr Michal Lorinc, catastrophe analyst on the Impact Forecasting team at Aon, says.
A new research report published in the journal Scientific Reports has said that the world stands to lose around 20% of its economic output to coastal flooding by 2100 if the world continues to emit greenhouse gases at the current rate.
A new study on climate change has predicted that the growing but largely unrecognised death toll from rising global temperatures will come close to eclipsing the current number of fatalities from all the infectious diseases combined if planet-heating emissions aren't constrained.
Only 31% of the 3.27m residences in 817,339 buildings built in Istanbul before 2000 have earthquake insurance, says Mr Sinan Turkkan, president of Earthquake Retrofit Association (DEGUDER).
A third of Bangladesh has been underwater after some of the heaviest rains in a decade, officials said. According to the most recent figures available, nearly 1m homes were inundated and 4.7m people were affected.
Of every 100 people polled in a recent survey, 66 have compulsory earthquake insurance and 43 have home insurance.
As the MENA region recovers from the current economic downturn, it is important that governments make their recovery 'green', says the writers of a blog posted on the World Bank website.
Flooding remains one of the more devastating risks that South and East Asia face, according to a new analysis commissioned by FM Global, one of the world's largest commercial property insurers, and carried out by analytics advisory group Pentland Analytics.