NCDEX has launched India’s first exchange-traded weather derivative contract, RAINMUMBAI, allowing traders and businesses to hedge against ...

Tropical storm Gil transformed into a hurricane in the Pacific Ocean, later weakening back to a tropical storm. The National Hurricane Cent...

India needs a diversified financial strategy to manage disaster risks, as about 90% of economic losses from natural disasters remain uninsu...

David Burt, who foresaw the 2008 financial crisis, warns of a new housing crisis driven by climate change. His research indicates US homeow...

As news of NYC being flooded went viral, netizens on X (formerly Twitter), reacted with various degrees of horror, humour, and empathy.

As climate change continues to disrupt weather patterns and intensify monsoon rains, it is essential to be prepared for the potential conse...

The ongoing floods in Delhi show how heavy rainfall in the mountain areas can impact cities downstream. Several studies across cities have ...

Mainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise fund...

Roughly 4.3 million homes - concentrated in Florida, California, South Carolina and Texas - have a substantial risk of sustaining economic ...

Assessment of claims will take place with situation moving to normal, a senior official of an insurance firm said, adding clear picture wil...

Despite a hike in catastrophic and third-party motor cover, general insurance industry is not laughing their way to the banks as premium.

MSMEs say that hundreds of people from government are asking for data and they are giving it. But nothing tangible has been done, except fo...

In view of the floods in Chennai, Punjab National Bank (PNB) today said it has waived off charges for using ATM network of other banks.

The Supreme Court last Friday directed insurance companies to pay 50 per cent of insured amount for policies above Rs 25 lakh and 95 per.

Life Insurance Corporation of India alone has provided a cover to 12.7 lakh people in the state for a total sum assured of Rs 16,543 crore.

Insurance companies led by LIC had taken similar initiatives to settle claims in the past during floods at Uttarakhand last year.

Insurance cos have raised the premium for hydropower plants across the country after last year’s flash floods in Uttarakhand that led to hu...