The German Chamber of Industry and Commerce (DIHK) has called on regional and national authorities to show flexibility and agility to help with the reconstruction process following the recent catastrophic flooding.
Climate change and increasingly extreme weather events have caused a surge in natural disasters over the past 50 years disproportionately impacting poorer countries according to a new report by the World Meteorological Organization (WMO) and UN Office for Disaster Risk Reduction (UNDRR).
Risk solutions company RMS and Indian insurance broking group J B Boda will collaborate to enhance risk analysis capabilities for their India risk exposures.
Australians who live in houses seem the most likely to experience damage from general storms - such as those with heavy winds, lightning, or heavy rain.
Australians affected by natural disasters in recent months are likely to face delays to repairs and rebuilds unless a national approach is agreed to allow essential recovery workers to cross state borders, says a new report published by the Insurance Council of Australia (ICA).
London-based InsurTech, Blue Marble, has launched a pilot weather-index based insurance programme for small holder farmers in rural Pakistan.
Massive floods that swept Henan Province in July have led to insured losses estimated at around CNY12.40bn ($1.92bn), a CBIRC official said at a media briefing on 7 September. The direct economic losses are estimated at CNY114.27bn.
Preliminary figures for the 16-19 July storm show that 5,207 claims have been made to date, with insured losses amounting to at least NZ$122m ($86.6m), says the Insurance Council of New Zealand (ICNZ).
America's disaster-prone areas are becoming more populous as new residents are moving in these areas rather than moving out.
Italy is taking a lead on modelling weather events and the ability to mitigate their impact with the launch of the first European index to track the financial impact of climate risk and the release of a flagship study on the effect of climate change on convective rainfall, using high-resolution models.