resilience starts with information
Cape Town prepares for ‘Day Zero’
South Africa’s most popular tourist city is running out of water. The drought that’s plagued the Western Cape Province has dragged on for three years now. Most dams in the region are down to just about 20% capacity. If dam levels continue to decline, the Cape Town’s taps will run dry by June.
Euronews reporter Saras Arjunan visited a high school in the city…
Insurers urged to play a role in rebuilding economies after disasters
Insurers should be giving more thought to planning how to rebuild economies in the aftermath of a crisis, a reinsurance executive urges. “To my mind, what is often seemingly forgotten is the piece of economic resilience,” says Alex Kaplan, head of North America and senior vice president of Global Partnerships at Swiss Re. “The aftermath, what does the recovery look like? If we haven’t resolved the economic future, the economic vibrance of our communities diminishes over time [after a catastrophe].”
Kaplan made his remarks in Ottawa at C4 2018, organized by Catastrophe Indices and Quantification Inc. (CatIQ), which opened with a workshop developed…
Natural disaster costs feed into higher insurance premiums: Suncorp
A recent surge in natural disasters will contribute to household insurance premiums rising by between 3 and 5 per cent over the year ahead, insurance giant Suncorp says.
After claims from disasters dragged down its half-year profits, chief executive Michael Cameron also underlined the longer-term rise in costs from major weather events, which he said had been “dramatically” higher in the last decade…