resilience reporter

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Lloyd’s: Insurance gap threatens disaster-prone poor nations

Global focus on young people in disaster

The voices of children and young people were loud and clear at a disaster resilience conference recently held in Portugal.

Over 130 international stakeholders from policy, research and practice gathered at the University of Lisbon in May for the CUIDAR Cultures of Disaster Resilience Among Children and Young People project, including CRC project leader Dr Briony Towers from RMIT University.

Dr Towers presented at the opening of the event, where she spoke about the importance of student voice and participation in disaster resilience education and showcased the child-led approach to bushfire education that is being implemented at Strathewen Primary School in Victoria.

“There was a lot of interest in the child-led approach being employed at Strathewen and other schools such as Anglesea Primary School, where the benefits of amplifying student voice and participation in disaster resilience education have been coming through really clearly,” Dr Towers said.

Strathewen Primary School was destroyed in the 2009 Black Saturday bushfires and Dr Towers has since been studying how the school’s innovative approach to bushfire education is empowering children to become active participants in bushfire risk reduction in their community…

 

Mexicans recover after Willa’s ‘end of world’ onslaught

Residents on Mexico’s Pacific Coast on Wednesday began clearing up the wreckage left by Hurricane Willa, which ripped through towns overnight, tearing off rooftops, downing power lines and splitting trees apart….

 

Lloyd’s: Insurance gap threatens disaster-prone poor nations

lloyds

Globally, assets worth $163 billion are not insured against catastrophes. After a disaster, uninsured losses have to be paid from government funds – a problem for poorer countries that cannot afford to rebuild

Disaster-prone developing nations, including Bangladesh and Indonesia, are exposed to crippling losses when storms, floods or earthquakes strike because they suffer from a dangerous lack of insurance, industry experts said yesterday. Globally, assets worth about $163 billion are not insured against catastrophes, posing a “significant threat” to livelihoods and prosperity, London-based insurance market Lloyd’s said in a report. The value of “underinsured” assets has shrunk by only 3 percent since 2012, it noted.

Many countries with the lowest levels of insurance are also among those most exposed to risks, including from climate change impacts, and are least able to fund disaster recovery efforts, it added.

“If insurance is not available, catastrophes can have a much greater…

 

 

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This entry was posted on 28/10/2018 by in Uncategorized and tagged , , .

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