When disaster damage isn't insured, the loss doesn't disappear — it shifts to households, businesses, banks, governments and sometimes international lenders. M…
After the 2015 Nepal earthquake made traditional insurers reluctant to cover earthquake risk at the remote Upper Trishuli-1 hydropower site, Swiss Re helped structure a…
Nagaland bought a multi-year parametric policy insuring its entire geography against excess rainfall, underwritten by SBI General Insurance with Munich Re as lead reinsu…
A severe thunderstorm outbreak swept the US Midwest, producing roughly 100 tornadoes including a destructive EF4, anchoring a US thunderstorm-season total of about $30 b…
Two earthquakes measuring M7.2 and M7.5 struck about 200km west of Caracas — per the USGS, the most powerful to hit the region since 1900. Munich Re's preliminary estima…
Munich Re published its H1 2026 natural-disaster review: about $112 billion in global economic losses, roughly $44 billion insured — a 60% protection gap. Figures were c…
India's finance ministry, National Disaster Management Authority and GIC Re held early-stage talks on a nationwide climate-linked parametric scheme for floods and heatwa…
An ice-and-rock avalanche and temporary river blockage in the upper Lhende Khola triggered a flash flood down the Bhote Koshi–Trishuli system, devastating settlements, o…
Finance Minister Swarnim Wagle said Nepal could need $4–5 billion to rebuild — an amount he described as approaching 10% of the country's annual economic output. This is…
Headmaster Rajendra Dawadi evacuated his school after a phone call warned that floodwater was approaching upstream; the last bus crossed a bridge roughly 14 minutes befo…
Read the complete story, FAQs and key facts.