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INSURANCE FOR NATURAL DISASTERS
- India knows where extreme weather is coming. It doesn’t know what it will cost
India’s climate risks are increasingly becoming macroeconomic shocks, affecting food prices, infrastructure, power demand, productivity and...
Global warming: From Nepal to Assam to Kerala, nature’s fury is colliding with unchecked developmentThe Himalayan region is facing increasingly frequent and unpredictable extreme weather, with glacier collapses, flash floods and landslides...
Nepal floods could cost insurers over $130 million even before death, injury claimsNepal’s devastating floods could trigger more than 20 billion Nepali rupees ($132.3 million) in commercial insurance losses, with hydropowe...
Wall street bets on shielding Indian real estate from climate disasterClimate resilience is emerging as a new measure of value in India's realty market. Investors are pouring money into infrastructure to prote...
ETtech Deals Digest: Navi leads weekly funding as startups raise $221 millionIndian startups raised $221 million across 17 rounds during the week ended August 21, led by Sachin Bansal-founded Navi’s $100 million fund...
Kerala's snake boat racers keep tradition afloat in face of floods and financial challengesKerala's picturesque backwaters host a thrilling wooden boat race where hundreds of dedicated rowers compete for their village’s pride and ...
As Europe bakes, momentum grows for climate-resilient farmingExtreme weather is pushing farmers toward climate-resilient practices for better yields. Regenerative farming methods improve soil health a...
Climate damage: The next hit to Europe's public financesEurope's public finances face growing strain from uninsured climate damage, with recent extreme weather events having caused significant ec...
Assam govt starts direct cash transfer for 75,000 flood-affected families across four districtsThe Government of Assam has initiated the first tranche of Direct Benefit Transfer (DBT) for nearly 75,000 eligible flood-affected families...
Why El Niño's promise of a quieter hurricane season may not guarantee good news for insurersEl Nino traditionally lowers hurricane risk for insurers. However, coastal growth and rising property values change this assumption. Even q...
Enrol under PM Fasal Bima Yojana by July 31: Maharashtra agriculture minister to farmersMaharashtra Agriculture Minister Dattatray Bharane has urged farmers to enroll in the Pradhan Mantri Fasal Bima Yojana by July 31. This rev...
Shivraj Singh Chouhan to assess Arunachal, Assam flood damage; ground and aerial survey on July 1Union Ministers Shivraj Singh Chouhan and Kiren Rijiju, alongside Arunachal Pradesh CM, are assessing flood damages in the Northeast. Despi...
NEET fix as exams are getting messierFollowing the NEET paper leak, a re-test offered relief to millions. This highlights the immense scale of Indian examinations and the need ...
India's GIC Re plans to reduce share of overseas property risk as climate losses riseIndian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the compa...
Pooling together to tackle riskIndia needs a diversified financial strategy to manage disaster risks, as about 90% of economic losses from natural disasters remain uninsu...
China encourages mainland insurers to sell catastrophe bonds in Hong KongMainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise fund...
General insurers mull hiking premia for natural disastersGeneral insurers are likely to take a hit to the tune of Rs 4,000 cr from calamities, thus they plan to increase premia under catastrophe c...
Natural disasters & terrorism drive sales of travel insuranceEven though 90% of people are aware about it, only 20% opt for travel insurance when they hit the road, industry sources said.
Natural disasters are beyond your control, better be insuredDisasters like the one in Jammu & Kashmir lead to tremendous loss of lives, leaving the bread earner's dependants financially vulnerable.
- Home insurance: Cover your home against natural disasters
As the recent earthquake in Sikkim shows, no one is immune to natural calamities. Insuring your house will not only protect this costly ass...