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Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally
The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the …
Disaster Resilience Investment Has Touched $100 Billion in Asia
Governments, investors and banks have poured about $100 billion into efforts to handle the effects of climate change in Asia in the past five years, with water and infrastructure projects attracting the majority of the capital. More than 90% of …
Centre for Disaster Protection’s new platform to help accelerate risk financing solutions
The Centre for Disaster Protection (the Centre) has launched Labs, a new innovation platform designed to accelerate practical solutions that help governments better plan, finance, and respond to disasters. Conor Meenan will be leading this initiative as Head of Labs. As modern disasters grow in scale and complexity, traditional reactive funding models are proving insufficient. […] The post Centre for Disaster Protection’s new platform to help accelerate risk financing solutions appeared first on ReinsuranceNe.ws.
Can Trump’s New FEMA Pick Save the Beleaguered Disaster Agency?
President Donald Trump’s pick to lead the Federal Emergency Management Agency wrote a memo last spring laying out how to kill the disaster agency. At the time, Cameron Hamilton was FEMA’s interim chief — a role that didn’t last long. …