September 13, 2021
Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon’s monthly Global Catastrophe Recap report, which evaluated the impact of natural disaster events worldwide during August …
August 25, 2021
Climate change is making China’s annual summer floods worse, and cities housing millions of people aren’t prepared to handle the damage. Record-breaking rainfall in the central province of Henan killed more than 300 people last month, while downpours continue to …
August 12, 2021
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, according to Aon’s monthly catastrophe report. Germany is likely to see as …
August 12, 2021
BEIJING – Devastating summer floods in the populous province of Henan in central China are a wake-up call for local authorities to seek better insurance cover against natural disasters, potentially opening up a huge market for insurers in the country. …
August 5, 2021
As the world staggers through another summer of extreme weather, experts are noticing something different: 2021’s onslaught is hitting harder and in places that have been spared global warming’s wrath in the past. Wealthy countries such as the United States, …
July 29, 2021
BEIJING – China’s banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings. It also plans to raise public awareness of risks, to let natural disaster insurance …
July 26, 2021
LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, …
July 22, 2021
Deadly floods that have upended life in both China and Germany have sent a stark reminder that climate change is making weather more extreme across the globe. At least 25 people in the central Chinese province of Henan died on …
July 22, 2021
China’s Henan province is bracing for more heavy rain after severe flooding that sparked large-scale evacuations left at least 33 dead, while minor disruptions to manufacturing and commodity production continued. The death toll includes at least 12 people who were …
July 21, 2021
BEIJING – At least least 25 people have died in China’s flood-stricken central province of Henan, a dozen of them in a subway line in its capital Zhengzhou, and more rains are forecast for the region. About 100,000 people have …