PHILLIP PETTERSEN: Jacking up disaster risk control by building back on higher ground
SA is getting more susceptible to climate change dangers as informal settlements grow 146% The storms preceding the recent KwaZulu-Natal floods were part of a normal weather system known as a cut-off low that is often responsible for excess rain and cold. But experts say the intensity of the deluge was due to climate change […]
No additional Philippines cat bond pay out for typhoon Rai’s rains
Having already been triggered and paid out US $52.5 million, we’ve now learned the Philippines governments World Bank issued IBRD CAR 123-124 catastrophe bond will not face any additional loss of principal because of the rainfall from super typhoon Rai (locally known as Odette). We reported back in January that the Philippines government would make a […]
