China’s Drought-Hit Regions Now Face Heavy Rains, Flooding August 30, 2022 More than 100,000 people have been moved to safer areas by Monday as heavy rains brought flood risks to a...
China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021 June 28, 2022 China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit...
Flood Alert in China’s Manufacturing Hub at Highest Level June 24, 2022 China’s manufacturing hub of Guangdong raised its flood warning to the highest level due to the worst rains in decades,...
Historic Levels of Rainfall Cause Floods in Central China, Killing at Least 10 June 10, 2022 At least 10 people have been killed and three are missing in flooding in the central Chinese province of Hunan,...
European Floods in Mid-July Cost Insurers $12B, Topping Non-U.S. Events in 2021 January 4, 2022 The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based...
U.S. Hurricane Ida, Haiti Quake, Multiple Major Wildfires Among August’s Disasters: Aon 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...
China’s Cities Aren’t Prepared for Extreme Weather Caused by Climate Change August 25, 2021 By Bloomberg News Climate change is making China’s annual summer floods worse, and cities housing millions of people aren’t prepared to handle the...
German, Chinese Insurers Face Record Disaster Claims as Extreme Weather Intensifies August 12, 2021 Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential...
China’s Extreme Weather Provides Wake-Up Call for Under-Insured Local Authorities August 12, 2021 BEIJING – Devastating summer floods in the populous province of Henan in central China are a wake-up call for local...
This Summer’s Extreme Weather Hitting World’s Wealthier Countries August 5, 2021 By Seth Borenstein and Frank Jordans As the world staggers through another summer of extreme weather, experts are noticing something different: 2021’s onslaught is hitting harder...