The rate at which ice is disappearing across the Earth is speeding up according to a new study by a team of researchers led by the University of Leeds, UK.
The total direct economic cost of natural disasters in Asia Pacific (APAC) has been listed at $101bn for 2020, says Aon in its global "Weather, Climate & Catastrophe Insight: 2020 Annual Report" released on 25 January.
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, says that its final industry loss estimate for the January 2020 Australian hailstorms stands at A$1,887m ($1,456m).
Etihad Credit Insurance (ECI), the UAE's federal export credit company, has signed an agreement with Masdar, Abu Dhabi Future Energy Company, to work on initiatives aimed at supporting investment in renewable projects that will contribute to reducing carbon emissions.
The Insurance and Private Pensions Regulation and Supervision Agency (SEDDK) has increased the coverage ceiling of the Compulsory Earthquake Insurance scheme (DASK) to TRY268,000 ($36,000), 20% higher than the previous cap of TRY240,000.
The 2019-20 Black Summer bushfires in Australia are a wake-up-call demonstrating the extreme effects of climate change according to a new study which examines the factors that caused the disaster.
A trio of Covid-19 related risks ranks at the top of Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (#1 with 41% responses) and Pandemic outbreak (#2 with 40%) are this year's top global business risks with Cyber incidents (#3 with 40%) ranking a close third.
Torrential rains in Morocco earlier this month have caused cars to be inundated by flood waters and raised questions about the application of the compulsory catastrophic insurance law.
A coalition of 50 countries has committed to protect almost a third of the planet Earth by 2030 by halting the destruction of the natural world and slow extinctions of wildlife according to The High Ambition Coalition (HAC).
The year 2020 was an extraordinary one for weather and climate events in the US. The country had to endure an unprecedented 22 disasters in 2020, each costing more than a billion dollar according to a recap by National Oceanic and Atmospheric Administration (NOAA).