China’s banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. The China Banking and Insurance Regulatory Commission (CBIRC) said in a statement that financial …
Canada saw powerful a series of powerful thunderstorms in June, which brought hail greater than the size of tennis balls and caused extensive damage and flooding throughout the greater Calgary metro region, said Aon in its monthly Global Catastrophe Recap …
President Vladimir Putin on Monday signed legislation requiring companies involved in oil production or handling other hydrocarbons to have adequate resources for a contingency plan in the case of a spill. The law makes it mandatory for companies to have …
Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off its share price, left it with a hefty compensation bill and exposed it to accusations of covering up the full …
China is preparing for flooding in its northern regions that could potentially hurt crop output amid torrential rain that’s lasted over a month and caused billions of yuan in economic damage. The floods have killed 141 people and affected more …
The insurance industry’s loss footprint for the Australian bushfires of 2019/2020 is estimated at A$1.9 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data. The industry loss data cover the peak period for the …
CHENNAI/SEOUL – An investigation into a deadly gas leak at a South Korean-owned chemical plant in southern India that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its full report released on …
Russia’s environmental watchdog has asked a power subsidiary of Russian mining giant Norilsk Nickel (Nornickel) to pay almost 148 billion roubles ($2 billion) in damages over an Arctic fuel spill in Siberia. Rosprirodnadzor said in a statement on Monday that …
SHANGHAI — The central Chinese city of Wuhan, epicenter of the new coronavirus pandemic, raised its flood alert level on Monday as torrential rain and thunderstorms battered swathes of the country, including the Yangtze river on which it sits. Wuhan …
Nearly 40 people were feared dead as torrential rains continued to hit Japan’s southwestern island of Kyushu, with river banks at risk of bursting on Monday morning and new evacuation orders put in place. Flooding and mudslides that began at …
