The Government will enter into a funding arrangement with councils in cyclone and flood-affected regions to support them to offer a voluntary buyout for owners of residential properties designated as Category Three properties, said Mr Grant Robertson, Cyclone Recovery Minister, yesterday.
The Turkish Catastrophe Insurance Pool (TCIP) has started studies on a plan to double the maximum disaster insurance coverage to TRY1.28m ($61,850) from TRY640,000 at present for a residential property.
Asia could face serious and urgent water challenges ahead as climate change impacts the continent's 10 mighty rivers that flow through 16 Asian countries according to a new report.
The Institutional Investors Group on Climate Change (IIGCC) has released a new report outlining how index providers can enhance net-zero benchmarks.
India lost around 138,300 lives in 573 disasters linked to extreme weather and climate change between 1970 and 2021 according to World Meteorological Organisation (WMO).
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.