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How to Spot Fraudulent Charities

Whenever typhoons, tornadoes, floods and other disasters strike, it usually doesn’t take long for clever con artists to emerge, trying to take advantage of human misery. Keep that in mind if you get requests for donations from relief organizations you’ve never heard of—even if they sound like well-known organizations—in the wake of Typhoon Haiyan. The typhoon killed thousands of people and devastated parts of the Philippines recently. The Internal Revenue Service has issued a “consumer alert” urging donors to do their homework. “Following major disasters, it is common for scam artists to impersonate charities to get money or private information from well-intentioned taxpayers,” the IRS says. What can you do to help protect yourself against scamsters?..

..are we ignoring an issue...

..are we ignoring an issue…

 

Disaster Risk Management: A Gender-Sensitive Approach is a Smart Approach

Women and girls, who account for over half of the 200 million people affected annually by natural disasters, are typically at greater risk from natural hazards than men – particularly in low-income countries and among the poor. Natural disasters and climate change often exacerbate existing inequalities and discrimination, including those that are gender-based, and can lead to new forms of discrimination…

 

Global capital set to limit premium rises after natural disasters

Institutional investors are increasingly keen to take on risk held by Australian insurers via reinsurance markets, in a trend that is tipped to limit premium rises after severe natural disasters. When justifying hefty price rises in recent years, Suncorp and IAG have laid part of the blame with the cost of reinsurance, which rose sharply across the region after the devastating New Zealand earthquake and Japan’s tsunami disaster of 2011. But Dominic Casserley, the chief executive of New York-listed insurance broking giant Willis, said significant new capital was now flowing into reinsurance markets, including in the Asia-Pacific region. The new capital – which is often coming from large pension funds seeking out higher yields – is putting downward pressure on the cost of reinsurance…

 

Government eyes insurance against calamities

The government is considering availing itself of an insurance plan that will ease the financial burden brought about by relief and reconstruction activities following calamities. Since the Philippines is prone to natural disasters, National Treasurer Rosalia de Leon said that talks were ongoing on how the government could insure itself against the huge cost of recovery in the aftermath of disasters. De Leon said the government has tapped the assistance of the World Bank in developing a protection scheme against the financial drag of post-calamity recovery…

 

Typhoon Haiyan: How a Catastrophe Unfolded

In the first week of November, the city of more than 220,000 sat directly in the line of one of the most ferocious tropical storms ever to make landfall. City and national officials had days of warning and rushed to prepare. By week’s end, the officials believed they had the situation in hand

 

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