Turkey issued rebuilding regulations on Friday for a region devastated by earthquakes this month to enable companies or charities to help in the urgent task of building new homes for the millions who need rehousing after the devastating tremors. More …
After last week’s damaging cyclone, New Zealand needs to rebuild with more resilient infrastructure to cope with more frequent and intense weather events, the prime minister said Tuesday. Prime Minister Chris Hipkins has described Cyclone Gabrielle, which caused widespread damage …
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …
New Zealand faces big questions about where people should live and how to build infrastructure as the devastating aftermath of Cyclone Gabrielle highlights the impact of climate change, Finance Minister Grant Robertson said. The cyclone swept across the Upper North …
Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month. The number of people killed by the deadliest earthquake in …
Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes, according to a property developer, signaling the massive rebuilding effort that needs to be undertaken. “That’s an optimistic estimate,” Ekonomi …
New Zealand is still searching for people missing in the aftermath of Cyclone Gabrielle amid fears the death toll will continue to climb. Five people are now confirmed dead after the cyclone devastated large areas of the nation’s North Island, …
Four people are dead and there are concerns for others who are missing on New Zealand’s North Island as emergency services struggle to reach isolated communities in the aftermath of Cyclone Gabrielle. The dead include a young person caught in …
Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely be more than US$1 billion, according to Extreme Event Solutions at Verisk (formerly AIR Worldwide). These estimates are based on …
Cyclone Gabrielle has started to track away from New Zealand after leaving a trail of destruction across large parts of the nation’s North Island. Some 225,000 homes are without electricity, at least 2,500 people have been evacuated and tens of …
