Floods News

Aon Benfield Launches Canada Flood Model to Help Manage Exposures

Impact Forecasting, Aon Benfield’s catastrophe model development team, has developed a fully probabilistic flood model for Canada to help insurers and reinsurers better underwrite and manage their riverine and off-flood plain exposures. The model was developed in response to devastating …

El Nino Emerges; Asia-Pacific Region Faces Months of Disruptive Weather

In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its return this …

Guy Carpenter Launches G-CAT® Canada Flood Model

Guy Carpenter launched its G-CAT® Canada Flood Model, which it describes as the first ever probabilistic flood model for Canada that enables insurers to assess their exposure to flood, Canada’s most frequently occurring natural hazard. Large areas of Canada experience …

Floods & Drought Amid Climate Change Cost Global Economy Billions: Oxford

A new report on water insecurity says floods and drought amid climate change and a lack of investment in reliable water supplies is weighing on the global economy by tens of billions of dollars a year. “Water is productive and …

China Faces Severe Threats From Climate Change: Beijing-Based Meteorologist

Chinese officials don’t usually go into detail on the challenges that climate change poses for the world’s most populous and largest carbon-emitting country. But in a speech on March 23, a top meteorologist warned of the severe risks facing China, …

Indonesia, Malaysia, Thailand, Sri Lanka Hit by Heavy Rains, Floods: AIR

According to catastrophe modeling firm AIR Worldwide, the rains of the past week across Southeast Asia have been much higher than average, even for a period during which Southeast Asian countries normally experience heavy monsoon rains. AIR noted that “severe …

Malaysian Floods Force Evacuation of 200,000 People; at Least 10 Dead

Malaysia evacuated more than 200,000 people and increased relief efforts as the worst floods in decades left at least 10 people dead. Parts of Thailand and Sri Lanka have also been inundated. The affected states are Kelantan, Kedah, Terengganu, Pahang, …

U.K.’s Inland Flood-Risk Plan for Thames River Moves Forward

The UK’s largest inland flood risk scheme has moved forward with the award of a major appraisal study to GBV, a joint venture comprising Galliford Try and Black & Veatch. Flood risk for more than 15,000 properties, including all communities …

Update: Tropical Storm Hagupit Hits Central Philippines; 21 People Killed

More than 21 people were killed as heavy rain and winds lashed the central Philippines, while a weakened storm Hagupit headed toward Manila. The government shut state offices and trading of stocks, bonds and currencies was suspended. Troops were deployed in Manila …

UN’s Weather Agency Warns 2014 May Be Warmest on Record

Record high ocean temperatures will make 2014 the hottest year on record, or at least among the very warmest, in evidence of a long-term trend of global warming, the U.N.’s weather agency said on Wednesday. Including this year, 14 of …