natural disasters News

Texas, Oklahoma, Kansas Facing Dual Threats: Tornadoes, Wildfires

Emergency officials in Oklahoma, Texas and Kansas are bracing for two types of disasters as spring gets into full swing: The start of what’s historically the most active time of year for tornadoes plus wildfire threats brought on by severe …

Climate Change Worsens Effects of Natural Disasters, Costing Farmers Billions of Dollars

Natural disasters from droughts to floods are costing farmers in poorer countries billions of dollars a year in lost crops and livestock, and it’s getting worse thanks to climate change. Agricultural losses from weather events in developing nations totaled $96 …

UK Invests in Natural Disaster Hedge Fund Focused on Insurance for Developing Nations

Britain is backing a hedge fund that aims to raise $200 million to give developing countries access to climate risk insurance. Britain’s Department for International Development (DFID) is investing 25 million pounds ($35 million) over a 20-year period in the …

All Types of Disasters Covered at Oklahoma’s National Tornado Summit

The Oklahoma Insurance Department reports that national experts will share innovative strategies in recovering from tornadoes, wildfires, flooding, hurricanes and more at the 2018 National Tornado Summit to be held in Oklahoma City. The 7th annual event will be held …

Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger

Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this year. The VVIX Index, which …

World Bank Catastrophe Bonds to Provide Mexico with Disaster Cover of $360M

The World Bank Group issued its largest catastrophe bond, providing Mexico with financial protection of as much as $360 million against losses from tropical cyclones and earthquakes. Mexico is among the countries most vulnerable to natural disasters, the bank said …

Caribbean Cat Facility CCRIF & Caribbean Development Bank Launch Regional Risk Management Project

The Caribbean Development Bank and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) have launched a Caribbean risk management project. Formally known as “Integrated Sovereign Risk Management in the Caribbean,” the project aims to enable Caribbean countries to take …

Museum in Indiana Exhibit Explains Why Natural Disasters Occur

Natural disasters can strike at any time, often without warning, and devastate cities, regions, states and countries. Nature Unleashed, a new exhibit at the Indiana State Museum, aims to help Hoosiers understand why tornadoes, earthquakes, hurricanes, tsunamis and volcanic eruptions …

Indiana Museum Exhibit Explains Why Natural Disasters Occur

Natural disasters can strike at any time, often without warning, and devastate cities, regions, states and countries. Nature Unleashed, a new exhibit at the Indiana State Museum, aims to help Hoosiers understand why tornadoes, earthquakes, hurricanes, tsunamis and volcanic eruptions …

Africa’s Disaster Resilience Is Focus of New African Risk Capacity Partnership

The African Risk Capacity (ARC) has teamed up with the African Development Bank (AfDB) to help African nations strengthen their resilience to weather-related risks. The ARC and the AfDB will work together to develop their member states’ understanding of the …