The Philippines suffered $13 billion of damage when Super Typhoon Haiyan tore through the country in 2013, a year after another storm killed 1,067. Now, the nation is looking at defraying the costs of future calamities with catastrophe bonds. The …
The Philippines is urging tourists to take precautions or cut short Easter vacations, and may evacuate thousands of people in the path of approaching Typhoon Maysak. The storm may affect as many as a million people, the United Nation’s Global …
AccuWeather Global Weather Center reports in the wake of the devastating storm Hagupit, a new round of tropical downpours threatens to hinder cleanup efforts and renew flooding problems across the Philippines to end the week. The former Super Typhoon Hagupit, …
More than 21 people were killed as heavy rain and winds lashed the central Philippines, while a weakened storm Hagupit headed toward Manila. The government shut state offices and trading of stocks, bonds and currencies was suspended. Troops were deployed …
Starr International Insurance (Asia) Limited has received approval from the Philippine Insurance Commission to establish a branch office to provide general insurance. Starr’s Philippine operation will be located in Manila and will serve as a branch of Hong Kong based …
A typhoon that had left the Philippines after killing nearly 600 people and leaving hundreds missing in the south has made a U-turn and is now threatening the country’s northwest, officials said Saturday. The weather bureau raised storm warnings over …
AIR Worldwide’s analysis of Typhoon Botha’s [also named ‘Pablo,’ locally] impact on the Philippines indicates that as “insurance penetration in this area is around 10 percent to 20 percent; insured losses are not expected to be high as a result …
The death toll from the Philippines’ strongest typhoon this year rose on Wednesday to around 230, with hundreds missing in landslides and floodwaters, as the storm continued its destructive path across the island nation. Typhoon Bopha, with central winds of …
Thousands of villagers fled from their homes Monday as a strong typhoon roared closer to the southern Philippines, prompting authorities to suspend sea travel in high-risk areas and halt gold-mining in a mountain town notorious for deadly landslides. President Benigno …
Xchanging, the business process, procurement and technology services provider and integrator, has announced its intention to open new delivery centers at two locations in Asia. The service provider already operates in 11 locations in the Asia Pacific region (APAC) and …
