Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses March 30, 2023 By Manolo Serapio Jr. and Ditas Lopez The Philippines is readying an insurance plan that will protect the Southeast Asian nation from infrastructure losses caused by natural...
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re March 22, 2023 By L.S. Howard Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according...
Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected March 15, 2023 By L.S. Howard The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion...
La Nina Is Gone. These Were the Deadly Storms During its Run March 13, 2023 By Seth Borenstein La Nina seemed to treat Louisiana and the rest of the Southeast United States like a punching bag. Its three-year...
Turkey’s Southeast Exodus After Deadly Earthquake Puts Manufacturing at Risk March 10, 2023 By Susana Vera and Ceyda Caglayan Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of...
Cyclone Freddy Sets New Record as World’s Longest-Lasting Tropical Storm March 8, 2023 By Low De Wei A tropical cyclone churning off the coast of Madagascar and expected to make landfall for a second time in Mozambique...
Yellen Warns Climate Change Could Trigger Asset Value Losses, Harming Economy March 7, 2023 By Andrea Shalal Climate change is already having a major economic and financial impact on the United States and may trigger asset value...
Before Fatal Quake Collapse, Turkish Building Skirted Code, Thanks to Erdogan Policy March 6, 2023 By David Gauthier-Villars and Natalie Thomas MALATYA, Turkey (Reuters) — The Trend Garden Residence, an upscale serviced apartment building in the Turkish city of Malatya, boasted...
Turkey Issues Rebuilding Rules After Quake Leaves Millions Homeless, Kills Thousands March 3, 2023 Turkey issued rebuilding regulations on Friday for a region devastated by earthquakes this month to enable companies or charities to...
New Zealand Needs to Rebuild With Resilience to Extreme Weather: PM February 24, 2023 After last week’s damaging cyclone, New Zealand needs to rebuild with more resilient infrastructure to cope with more frequent and...