The Algerian government intends to review the country's 20-year-old compulsory natural disaster insurance and victim compensation law.
The insurance industry is playing an increasingly important role in supporting disaster prevention and mitigation, intensifying the deployment of technology in disaster risk management.
Several global reinsurers have reported estimated losses arising from the devastating earthquakes in Turkiye on 6 February, as they released their 1Q2023 financial statements.
Algeria will pass a new law this year, with implementing texts, relating to the management of disaster risks, according to Prime Minister Aïmene Benabderrahmane.
China is gearing up for another summer of scorching temperatures in 2023. Major Chinese cities have issued heat advisories warning their citizens that potentially record-breaking temperatures are set to pose a threat to electricity supply, crops, and the country's economy.
A new survey conducted by the professional services firm Deloitte has revealed that more than 40% of Gen Z and millennials have changed jobs or sectors due to climate concerns, or plan to do so in the future.
New York City is sinking about one to two millimetres per year on average under the weight of its own skyscrapers that are estimated to weigh a cumulative 1.68tn pound according to a new study by University of Rhode Island and the US Geological Survey.
World's freshwater sources have been losing approximately 22 gigatonnes of freshwater annually for more than 30 years now according to a new study.
The attorneys general (AGs) of 23 US states have sent a letter to members of the Net-Zero Insurance Alliance (NZIA), requesting documents and information relating to legal concerns brought about by their commitments to collaborate with other insurers in order to advance an activist climate agenda.
The insurance industry requires the development of innovative products and services to help individuals, companies and governments deal with the impact of climate change and reduce their carbon footprint, Dr Abdul Rahman bin Abdullah Al Hamaidi, chairman and director-general of the Arab Monetary Fund, has said.