resilience starts with information
Natural disasters hit Suncorp’s bottom line
Australia and New Zealand insurer Suncorp Group has continued to suffer from additional over cap claims and loss creep from the Canterbury, NZ earthquakes, reporting an increase to its ultimate net loss for the events of $129 million.
In total, New Zealand households and businesses paid Suncorp businesses $1.424b in premiums in the 12 months to the end of June, a rise of 6.3 per cent on the previous year.
The lender and insurance giant’s net profit rose 3.6 per cent to $1.075 billion in the 12 months to June 30, but that was down from Deutsche Bank’s forecast of a five per cent lift.
The result was driven by gains in the Australian insurance business…
Baltimore shares recipe to keep cities fed in a crisis
Cities planning for weather disasters, pandemics or civil unrest need to take steps to support local farmers and protect key transport routes so as to secure food and water supplies in a crisis, experts said on Wednesday.
The Johns Hopkins Center for a Livable Future (CLF) stress-tested food systems in Baltimore City in the United States for 14 hypothetical natural and man-made emergencies.
Researchers found that unexpected shocks like floods and terror incidents could curb access to food, endanger food safety and disrupt supply chains, according to a report published in conjunction with the Baltimore Office of Sustainability.
“In order to plan for disruptions to the food system, we need…
One way to promote green infrastructure in your city
Natural assets – “green infrastructure” – can provide communities with invaluable ecosystem services that clean our air, filter our water, mitigate natural disasters and improve our quality of life.
The Trump administration has called for a major investment in infrastructure. That includes systems that handle our rainfall and melted snow, such as stormwater management systems, water filtration plants and roadway curbs and gutters.
Offering an alluring alternative to this traditional “gray infrastructure,” green infrastructure handles rainfall runoff through vegetated buffer strips around surface water, forested habitat corridors and regenerated wetlands, among other options. But how do…