The world is getting warmer and natural hazards are becoming more intense, likely bringing higher economic losses in the future. Today, four major weather perils result in expected economic losses of USD 200 billion annually. With more severe weather coming, economic losses are set to rise. The study analysis finds …
The first-ever flood insurance scheme was launched in the country on Tuesday, aiming to compensate flood victims and help them fight natural disasters. Disaster Management and Relief Minister AH Mahmood Ali formally introduced the flood insurance ‘product’ at a programme at the BRAC Centre Inn in the capital. Oxfam Bangladesh …
DHAKA : The first-ever flood insurance scheme was launched in the country on Tuesday, aiming to compensate flood victims and help them fight natural disasters, reports UNB. Disaster Management and Relief Minister AH Mahmood Ali formally introduced the flood insurance ‘product’ at a programme at Brac Centre Inn in the …
Funds of Rs 600 crore have been released till July 31st this year under the National Agricultural Insurance Scheme (NAIS) said Tariq Anwar, minister of state for agriculture and food processing industries. ""Funds of Rs 2660 crore, Rs 360 crore, Rs 700 crore and Rs 600 crore have been released …
Within the next three to four months, all the 2.5 lakh CNG vehicle drivers in the Capital will be covered by insurance policies with provisions for relief in case of accident, partial disability and permanent disability. Delhi Chief Minister Sheila Dikshit and Union Petroleum and Natural Gas Minister M. Veerappa …
Climate change is creating more frequent and more unpredictable extreme weather events, forcing insurers to change how they assess the risk of natural disasters hitting a specific area, the Geneva Association think tank said today. “Traditional approaches, which are solely based on analysing historical data, increasingly fail to estimate today’s …
This report examines economic and insured costs of natural disasters due to extreme weather and the role of public sector insurance mechanisms to encourage risk reduction and resilience building. The economic and insured costs of natural disasters due to extreme weather – tropical cyclones, floods, bushfires and storms – are …
Natural and man-made disasters caused $186 billion (152 billion euros) in damages worldwide last year, according to a calculation released on Wednesday by the Swiss re-insurance group Swiss Re. Of that sum, insurance companies were exposed to claims of up to $77 billion, which would make 2012 the third most …
An international climate report issued on Thursday said China will have to attract nearly 2 trillion yuan ($322 billion) in investment by 2015 in order to honor its commitment to fight climate change. "By 2015, China's climate change financing will reach 1.96 trillion yuan and there will be an estimated …
Expert warns that people should not be seduced by disaster insurance, saying it is not a panacea for weather-related shocks In most developing countries, farmers risk losing their crops and livestock to droughts or floods, and the recent intensity of these climatic shocks has been record-setting. As the losses from …
Institutional investors, which together manage assets of over $70 trillion, often have investment objectives that are aligned with the investment profile of infrastructure. At first glance, access to this large pool of capital and the alignment of objectives should help lower the costs of financing renewable energy. In this study, …
Losses due to natural disasters have risen faster than Asia-Pacific’s economy has expanded, says a new report by the Asian Development Bank (ADB). The report, ‘Investing in Resilience – Ensuring a Disaster-Resistant Future’, urged the region’s Governments to offer disaster risk financing instruments, such as calamity funds, tax credits and …
The Union Government has released Rs 60 crore to Andhra Pradesh towards its contribution under the national crop insurance scheme for the 2011 kharif. This had been pending for a few months. “Agriculture Minister Kanna Lakshminarayana had written to Union Agriculture Minister Sharad Pawar, reminding him about the pending insurance …
Meghalaya Government officially launched the universal medical health insurance for all the residents of the State at a public function here yesterday, stating it is the first of its kind in the country. Chief Minister Mukul Sangma handed out the biometric medical health insurance scheme identity card to a select …
Climate Resilience Through Community-based Microinsurance by Dr. Nihar Jangle, MIA at CSE Climate change adaptation workshop: Towards Climate Resilient Communities in South Asia: Emerging Policies and Practices (New Delhi, December 13 - 14, 2012).
Muktsar: The livestock insurance scheme of the Centre has failed to catch the fancy of cattle owners in the district. The data procured from the Animal Husbandry Department revealed that not even half of the target fixed was achieved by the department. Against the target of covering 3,500 head of …
The BJP has promised a free induction heater to every household in Himachal Pradesh, the highlight of a manifesto that has something for practically every section, including youths, farmers, students, traders, women, senior citizens and government servants. “To reduce dependence on costly LPG cylinders, we will provide relief to all …
Climate change adaptation is an increasingly important field and will involve a range of actors from national governments to private companies, communities and households. There is a growing policy discourse supporting the involvement of the private sector in adaptation, however there is little empirical examination to show how the sector …
Major cause of slowdown was drop in investment, which slumped to (-)1.9%, y-o-y during latest 3 quarters from 2010 double-digit levels India's economic troubles are mostly self-inflicted, resulting from policy paralysis and opposition to reforms - a situation that is unlikely to change before the general elections in 2014, says …
The role of Banking, Financial Services and Insurance (BFSI) sector towards sustainability has evolved globally from corporate philanthropy to a recognized means of value addition for stakeholders. This article explores the business risks and opportunities for environmental sustainability based on Global BFSI best practices, and create a case for sustainability …
Agricultural scientist-economist Prof. Swaminathan will move a private member’s bill in the Rajya Sabha that seeks access to water, credit and inputs for women farmers. The Women Farmers' Entitlement Bill, 2011, has been submitted to the Rajya Sabha, according to Prof. Swaminathan. Delivering the first Swami Ranganathanandaji memorial lecture here, …
