Insured Losses for Floods in Southern Germany Estimated at €1.6B: PERILS July 18, 2024 The recent floods in southern Germany will cost insurers an estimated €1.568 billion (US$1.7 billion), according to PERILS, the independent...
Islamic Insurance Helps Cover Muslim Farmers Battling Climate Change July 18, 2024 By Betsy Joles On his four and a half acres of land in central Pakistan, Izhar ul-Haq approaches farming as a science. He...
Disaster-Struck Cities Fight for Aid as FEMA Funding Runs Low July 17, 2024 By Shruti Date Singh A once in 200-years storm dumped 11 inches of rain over four hours on the central Massachusetts town of Leominster...
Catastrophe Bondholders Sidestep Large Losses From Weather-Related Calamities July 16, 2024 By Gautam Naik Last month, amid reports that Hurricane Beryl would become the earliest Category 5 hurricane in history, a group of money...
Parametric Insurance Helps Farmers and Others Hit Hard by Extreme Weather July 15, 2024 By Bill Spindle, Cipher News Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed...
Natural Disasters Cost China $13 Billion in January-June July 15, 2024 By Liz Lee Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half...
Ships Fleeing the Red Sea Now Face Perilous African Weather July 12, 2024 By Alex Longley and Paul Burkhardt Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has already run...
South Africa Storms in Western Cape Cause Damage to 35,000 Homes July 12, 2024 By Ntando Thukwana Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35,000 households in the...
French Shipping Company CMA CGM Loses 44 Containers in Tough Weather July 11, 2024 French shipping and logistics company CMA CGM said on Thursday that its ship “Benjamin Franklin” had lost 44 containers in...
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group July 10, 2024 Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a...