In 2021 weather and water-related hazards caused total damage of $35.6bn in Asia. These climatic events affected nearly 50m people in the continent. During the year India suffered economic losses up to $3.2bn due to flooding.
In developing green insurance business, insurance companies should break away from the existing practice of delivering statistics along rigid insurance product lines, according to Mr Liang Tao, a vice chairman of the CBIRC.
New data released by the Insurance Council of Australia (ICA) yesterday shows that the insurance bill for storms and floods since January 2020 has topped A$12.3bn ($8.3bn).
Fast-melting glaciers are releasing staggering amounts of unknown bacteria into rivers and streams, which could transform icy ecosystems according to new research.
Changes to weather and climate extremes are happening at an increased pace across Australia according to the State of the Climate report 2022.
2022 will be remembered as the year of the Great Deluge, when record- breaking rain and floods lashed large parts of Eastern Australia, causing untold devastation for Australians and the economy, says the Climate Council.
The Local Government Official Information and Meetings Amendment Bill has been introduced in Parliament, with proposed changes to improve natural hazard information provided in land information memoranda (LIMs).
Climate change impacts - from slow-moving crises such as drought and sea level rise to weather disasters - are increasingly displacing people from their homes and worsening conflict threats according to scientists at the COP27 UN Climate Talks.
A growing number of the world's largest companies are setting net zero targets, but nearly all of them could fail to meet these commitments unless they double their emissions reduction rates, according to a new report by consulting firm Accenture.
The Insurance Council of Australia (ICA) has declared a 'significant event' for parts of central west North South Wales (NSW) impacted by significant flooding since 12 November 2022.