Insurance industry damage claims from natural disasters like the earthquakes in Japan and New Zealand reached a record $105 billion in 2011, said Munich Re, the world's biggest reinsurer.
Agrarian Services and Wildlife Minister S M Chandrasena said that, the government has allocated around Rs 1,120 million for the protection of wild elephants in budget 2012.
Almost four years have passed since the government introduced the National Agriculture Insurance Scheme (NAIS) in the state to assist the farmers suffering losses due to natural calamities like rai
The technical guide is intended as a practical reference tool to guide IFAD, WFP and other donors’ country programme management staff through the steps of implementing a Weather Index-based Insurance programme.
Wildfires are raging across central Texas, compounding drought that has caused $5.2bn in agricultural losses and led ranchers in the largest cattle-producing US state to rush to slaughter.
Hurricane Irene will most likely prove to be one of the 10 costliest catastrophes in the nation’s history, and analysts said that much of the damage might not be covered by insurance because it was
Global foreign direct investment (FDI) has not yet bounced back to pre-crisis levels, though some regions show better recovery than others. The reason is not financing constraints, but perceived risks and regulatory uncertainty in a fragile world economy.
Tropical Storm Don, the first major Gulf of Mexico storm this year, formed over the southern part of the oil-rich basin on Wednesday on a track toward the Texas coast.
The biggest struggles in the recent past might have been surrounding land and land acquisition, but risk mitigation through an insurance cover is still a far cry.
Thus, in case Tata Motors bids adieu to Singur, where the government passed a Bill to take back the land it had earlier given to the company for setting a factory, it will have no insurance cover to minimise losses.
